When Foxconn introduced its plans to open services in Wisconsin again in 2017, it promised to make investments $10 billion into bringing manufacturing to the US that was anticipated to lead to as many as 13,000 jobs. Now, the Taiwanese provider to tech giants like Apple is promoting two properties in Eau Claire and Green Bay, bought for nearly $12 million in 2018. The property listings had been first reported by Wisconsin Public Radio (by way of Gizmodo and The Verge), which revealed that solely three flooring of the Green Bay constructing’s six flooring are in use. Meanwhile, the portion Foxconn owns in a mixed-use property in Eau Claire has reportedly remained empty for years.
Foxconn initially stated that it was going to construct “innovation centers” in Wisconsin, together with one that can function an LCD manufacturing unit. The mission was supposed to be huge sufficient to strike a $2.85 billion tax credit score cope with the native authorities. At the time the mission was introduced, then President Donald Trump stated that if he did not get elected, Foxconn “wouldn’t be spending $10 billion” on manufacturing in the US. The former president was additionally there when the mission broke floor, outfitted with a golden shovel.
In 2021, nonetheless, Foxconn massively altered the dimensions of the mission and informed the native authorities that it could be investing $672 million as an alternative of $10 billion prefer it meant. It additionally lowered the variety of potential jobs produced to 1,454 from 13,000 positions. The firm stated again then that its unique projections “changed due to unanticipated market fluctuations” and that lowering the dimensions of its mission in the US provides it the “flexibility to pursue business opportunities in response to changing global market conditions.”
Foxconn did not touch upon its Eau Claire property, however it informed WPR that it “will add to the vibrancy of the city’s downtown.” Green Bay Mayor Eric Genrich posted on X that he hopes a sale “will lead to better utilization of a fantastic waterfront building.”
This is a nice property downtown. Hoping this potential switch in possession will lead to higher utilization of a implausible waterfront constructing. https://t.co/BHTScUNbzF
— Eric Genrich (@MayorGenrich) August 15, 2023
…. to be continued
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