Foxconn to build $10 billion LCD plant in Wisconsin

“The fact that Foxconn announced it had selected Wisconsin is consistent with what we’ve been told all along are the company’s plans that they are locating in several sites”, in the USA, said Colin McEvoy, director of communications for the LVEDC.

We couldn’t be more excited. Wisconsin lawmakers are now tasked with presenting a subsidy package, one that may be about 50 times greater than the biggest it has ever offered. “Today we’re announcing the single largest economic development project in the history of the state of Wisconsin and one of the largest in the history of this country”, Walker said.

Foxconn said it will invest $10 billion over the next four years to build a plant in Wisconsin that will primarily manufacture liquid-crystal display screens for use in TVs, smartphones and other consumer electronics.

Wisconsin is among seven states that have been vying to land a Foxconn assembly plant, which is expected to result in billions of dollars in investments in the state and employ thousands of people. Foxconn is expected to build a plant that produces display panels for large televisions at Ryan’s home district in southeastern Wisconsin. These panels will be made in America proudly in the state of Wisconsin.

The factory will build LCDs with the bulk of the production said to be slated for Sharp (Foxconn parent company Hon Hai also owns Sharp).

The Wisconsin project could grow to include as many as 13,000 jobs, according to the White House.

The president on Wednesday not only touted his work to remove what he called job-killing regulations, but also touched on the topic that has been the biggest source of stress for Republicans lately – health care.

President Donald Trump took full credit for the move, insisting the deal wouldn’t have gone through if he wasn’t president, “If I didn’t get elected, he definitely wouldn’t be spending $10 billion…”

We will be submitting an infrastructure and tax bill in the very near future.

Foxconn’s estimate on jobs was more conservative. Thank you to Foxconn.

The United States has added 70,000 manufacturing jobs since November, to almost 12.4 million, but has not added any net factory jobs in the last two months, according to the Bureau of Labour Statistics.

God Bless you all.