STURTEVANT — Taiwanese technology company Foxconn plans to build its promised $10 billion manufacturing campus in the southwestern corner of Mount Pleasant, as was widely suspected, officials confirmed Wednesday.
The announcement was made before a full house at the SC Johnson iMET Center, 2320 Renaissance Blvd., by representatives of Foxconn, Racine County, Mount Pleasant, Racine County Economic Development Corp. and Milwaukee 7.
"Foxconn Technology Group (Foxconn), the world’s largest electronics manufacturing services provider, will invest an estimated $10 billion to construct its Mount Pleasant campus, which will be located off of Interstate 94 between Highway 11 and Highway KR,” stated a press release issued Wednesday. “The manufacturing campus will be approximately 20 million square feet — by far the largest project in the state, and one of the largest manufacturing campuses in the world."
At that size, it will equal 20 Amazons, Racine County Executive Jonathan Delagrave said, referring to the large distribution center in nearby Kenosha.
Foxconn Technology Group is the global leader in manufacturing services for the computer, communication and consumer electronics, or “3C” industry. Foxconn makes liquid crystal display screens, notably for Apple. But here, Foxconn will manufacture larger LCD screens for many types of devices, from aircraft systems to self-driving cars — as well as finished products such as televisions.
The announcement of Foxconn’s chosen location for its planned 1,000-acre manufacturing campus had been expected for several weeks. During Wednesday’s event, Delagrave opened his remarks by saying, “Racine County is ready for this once-in-a-lifetime, transformational opportunity.”
Delagrave also said Foxconn’s decision represents “the return of electronics manufacturing to the United States from Asia.”
The company’s investment in Racine County represents the largest economic development project in Wisconsin history and the largest corporate attraction project in U.S. history, as measured by jobs.
Foxconn is expected to hire thousands of new employees with an average salary of $53,000. An additional 150 suppliers are anticipated to locate in Wisconsin, bringing even more jobs and a new tax base, according to the Foxconn news release.
“Today’s announcement is only the start,” said RCEDC Executive Director Jenny Trick. “This is the launching point for future investments in Racine County that will improve the quality of life for local residents and create new opportunities for the entire region.”
Three major development areas
According to the Foxconn news release, the Mount Pleasant campus will be the first in a series of world-class manufacturing facilities the company will be building in the United States to meet future needs for the latest in display technology components.
The new Mount Pleasant campus will consist of a multibillion dollar thin-film transistor liquid crystal display plant, a facility to package LCD modules, a skill-intensive facility focused on molding and tool-and-die processes, and an assembly operation to produce end-device units.
A map of the entire Foxconn project is comprised of three areas. Area one, where Foxconn will build its 20-million-square-foot, state-of-the-art manufacturing plant, is the land between Interstate 94, highways H and KR and Braun Road.
Area two, solely for future expansion, is most of the land between Highway 11, I-94, Highway H and Braun Road.
Area three, for construction staging and where Foxconn suppliers are expected to set up operations, consists of all the land between Braun Road, Highway KR, 90th Street and Highway H.
Mount Pleasant Village President Dave DeGroot said Foxconn is doing more than bringing a new industry to the area.
“We will have to develop an entirely new supply chain,” DeGroot said. “The impact on this community is unprecedented.”