Foxconn chooses Wisconsin for manufacturing plant, says 13000 jobs will be created
- Author: Joey Payne Jul 29, 2017,
Jul 29, 2017, 0:17
"TV was invented in America, yet America does not have a single LCD factory to produce a complete 8K system", Gou said during a presentation at the White House. Speaker Paul Ryan, R-Wisconsin, and other Congressional leaders attended the announcement, along with Republican Wisconsin Gov. Scott Walker and President Trump. He was later joined by President Trump.
Mr. Pence said the arrival of Foxconn in Wisconsin was the latest in a series of economic triumphs for the administration, including more than 800,000 new jobs since Mr. Trump took office.
While people might not like the president's personality, when it comes to policy and keeping his promises, he's certainly working to fulfill the promise of job creation and resurrecting American manufacturing. Speaker Ryan immediately leaned forward and said "billion". It said last month it plans to invest more than $10 billion in a display-making factory in the United States.
The Taiwanese manufacturer was long rumored to be expanding into the United States.
Foxconn now employs hundreds of thousands of employees in China, but it has been the goal of White House chief of staff Reince Priebus to bring Foxconn jobs to America by building a plant here, which aligns with the President's "Make America Great Again" and "Buy American, Hire American" agendas. It has yet to be built.
The plant would require up to $3 billion in local, state and federal incentives, the Milwaukee Journal Sentinel reported. States such as Michigan, Illinois, Indiana, Ohio, Pennsylvania and Texas are also vying for Foxconn contracts, though it's unclear if those states received one or not.
Foxconn already has facilities in Virginia and in, employing less than 1,000 people at each.
The announcement may give Trump a victory as he looks to bring back jobs. Apple did not comment.
"If I didn't get elected, he would not be spending $10 billion", Trump said, thanking Gou for his "faith and confidence in the future of the American economy".
Foxconn, formally known as Hon Hai Precision Industry Company, will likely expect a lucrative package of incentives from the state if it locates the plant here.