2017 Economic Development Deal of the Year Award!

(Picture above is Foxconn Technology Group Chairman Terry Gou, seated to the left, and Gov. Scott Walker signing a contract in November for Foxconn to build a $10.7 billion LCD flat-panel production facility)

As mentioned previously in this blog, Foxconn, one of the largest electronics manufacturing company in the world, will be making a 20 million square foot factory here in Wisconsin. I bring this up because the Wisconsin Economic Development Corporation, the people who conducted the deal, have received the Gold Award as Business Facilities’ 2017 Economic Development Deal of the Year for the 10 billion Foxconn LCD production facility project. BF Editor in Chief Jack Rogers said, “With an incredible bounty of 13,000 direct new jobs in the next five years and a world-class, 20-million-square-foot production facility, our judges unanimously agreed that the Foxconn project deserved our top honor as the 2017 Deal of the Year,”. It is quite impressive; This facility will be the first LCD (Liquid Crystal Display) manufacturing facility in North America and the only one in the world that isn’t located in Asia. It is projected that with this new facility and the jobs it supplies, Wisconsin will be getting its own version of “Silicon Valley”; jobs with base pay starting at 53,000 a year. This will boost the economy immensely and ultimately change the economic state of Wisconsin. The facility is projected to finish in the year of 2020, but until then, keep an eye out for news and new blogs about Foxconn!

Reference: https://businessfacilities.com/2018/02/2017-economic-development-deal-year-gold-award-wisconsin/