The Foxconn Technology Group’s $10 billion manufacturing campus project in Wisconsin has been named the 2018 Economic Impact Deal of the Year by the Mid-America Economic Development Council, an association of economic development professionals in 12 states dedicated to advancing regional economic development programs.
The award, which was presented at November’s 2018 Mid-America Competitiveness Conference & Site Selector Forum in Chicago, recognizes a project that has significant impact on a city, county and region as measured by capital investment, jobs, supplier network, economic impact or new partnership initiatives that positively improved the community.
Foxconn is developing a world-class advanced display manufacturing campus in Racine County that is expected to create 13,000 new jobs in the region, making it by far Wisconsin’s largest economic development project as well as the largest corporate attraction project in U.S. history as measured by jobs. It is also one of the largest greenfield investments by a foreign- based company in U.S. history as measured by jobs.
Foxconn is expected to make $4.26 billion in supplier purchases annually, about one-third of which will be sourced within Wisconsin.