HARIBOU- On Wisconsin!

Haribou is a family owned company (3rd generation) and was founded in 1920.  Haribou is based in Bonn, Germany and made the first iconic "dancing bear" gummy candy in 1922. They are the world market leader in fruit gummies, selling and producing 100 million Gold-bears daily. Throughout the many years they have expanded and now have 16 production sites throughout Europe. 

Haribou builds it's first U.S production facility in Pleasant Prairie, Wisconsin. This project is the largest FDI project in Wisconsin, which is extremely exciting! This project is expected to start in spring 2018 and expected to finish in year 2020. This company currently employs 7,000 people worldwide and this new manufacturing production site will bring in hundreds of high paying jobs in Wisconsin.

http://kaba.org/willkommen-haribo-total-team-effort-lands-one-largest-foreign-direct-investment-fdi-projects-wisconsins-history/

https://walker.wi.gov/press-releases/german-candy-maker-haribo-selects-wisconsin-first-north-american-manufacturing

FDI in Wisconsin: Foxconn Introduction

One of the most recent and largest foreign direct investments being brought into Wisconsin is the Taiwanese company, Foxconn, who is planning on building a factory near Racine. Foxconn is one of the largest electronics manufacturing companies in the world and they create electronic parts for all sorts of devices from phones to gaming consoles. This company is the largest employer in China and is listed number 27 on the Fortune 500 list. Foxconn plans on building a $10 Billion factory in Wisconsin to produce LCD panels that could be used in smartphones, TVs or computer monitors.  Wisconsin's state government is giving $3 Billion to help build this factory. Foxconn guarantees that 3,000 jobs will be created with this factory, but the plan is to eventually create 13,000 jobs at the 20 Million square foot factory. As a comparison, Wisconsin's unemployment is at 3.2% which is around 100,000 people.

http://fortune.com/global500/hon-hai-precision-industry/
https://www.ft.com/content/9e1ef9c4-7224-11e7-aca6-c6bd07df1a3c
http://money.cnn.com/2017/12/28/news/companies/foxconn-wisconsin-incentive-package/index.html

FDI in Wisconsin Introduction

FDI stands for Foreign Direct Investment which is when a company directly invests in a foreign area to start producing a product to compete with a native product. FDI can be seen as a boost to the state as a result of new jobs and more money being put through the economy. Some examples of companies that are involved with FDI in Wisconsin include Sprint, Shell gas, and Volkswagen of America just to name a few. According to invest.inwisconsin.com, there are now 1,537 foreign-based companies that are succeeding in Wisconsin and with those companies, they have made 86,440 jobs from those foreign-owned establishments. Throughout the rest of the blog we will be discussing new and interesting topics about FDI in our home state of Wisconsin.

Reference: http://invest.inwisconsin.com/de/