Hi, Scott Walker here.
Foxconn is making a $10 billion investment in Wisconsin to build their new, 20 million square-foot manufacturing campus right here in the State of Wisconsin. To put that in perspective, you could fit 11, that’s right, 11 Lambeau Fields inside Foxconn’s planned facility. Now that’s big.
This project will directly create 13,000 new jobs. You heard me right – 13,000 new jobs in Wisconsin. This represents the largest greenfield investment made by a foreign-based company in United States history as measured by jobs.
On top of this, the project will require around 10,000 construction jobs for each of the next four years to build the campus, and construction companies across the state will be needed to complete this massive project. Plus, around 22,000 indirect and induced jobs will be created because of Foxconn’s economic impact. These jobs will come from across our state.
Foxconn also needs around 150 suppliers to support its operations, potentially generating more than $1 billion every year in business for other Wisconsin companies.
This is a once-in-a-lifetime opportunity for Wisconsin, and there’s no doubt it will have a transformational effect on our state for generations to come, just as Silicon Valley transformed the San Francisco Bay Area or the Research Triangle transformed the Carolinas.
That’s why we call this project, and this area now, “Wisconn Valley.”
Wisconn Valley goes beyond Foxconn. It’s a shift, and it represents our willingness and readiness to become a leader in high-tech, advanced manufacturing and technology research and development. Cutting-edge technology will be made in America, right here in Wisconsin.
This is incredible news for people all across our state. The fact that Foxconn, a global leader, chose Wisconsin over every other state in America and every other place in the world should make us feel proud. Our future has never been brighter. We’re ready.
This is big news. It’s transformational. It will attract more talent and more employers to our state and help keep our children here when they graduate.
Wisconsin is ready for Wisconn Valley.