MADISON, Wis. (AP) — Foxconn Technology Group’s manufacturing plant in Wisconsin will be the first U.S.-based facility for the Taiwan-based electronics giant. Here are some things to know about the plant:
WHAT WILL IT MAKE?
Foxconn is perhaps best known for assembling Apple iPhones in China, but that’s not what would be made at the plant. Instead, it would manufacture liquid crystal display screens used by computers, televisions self-driving cars, aircraft systems and other products, according to Gov. Scott Walker’s administration. The plant would be the first of its kind in North America and the only one not located in Asia.
HOW BIG IS IT?
The proposed plant would be the largest economic development project in Wisconsin history. Foxconn plans to initially hire 3,000 workers, but the company said that could grow to 13,000 over six years. The total investment promised by the company is $10 billion.
The Foxconn factory would be 20 million square feet — three times the size of the Pentagon — on a campus spread out over 1.56 square miles.
WHERE WILL IT BE?
No exact location for the massive plant has been identified, but Foxconn is eyeing two sites in southeast Wisconsin in Kenosha and Racine counties. White House Chief of staff Reince Priebus, who is from Kenosha, said he talked with President Donald Trump about the plant locating where the former Chrysler plant was in that city.
WHAT IS THE STATE OFFERING?
Wisconsin’s offer to Foxconn includes up to $1.5 billion in income tax credits for job creation, $1.35 billion in income tax credits for capital investment and up to $150 million in sales tax exemptions for the purchase of construction materials.
The incentives would be pro-rated, based on how much is spent and how many jobs are created by Foxconn. There are also provisions that would require Foxconn to repay any of the tax credits if the jobs and investment are not kept in Wisconsin.
The incentives would be spread out over 15 years. The Legislature must…