$10B Foxconn plant promises 3000 jobs for Wisconsin

Workers put up scaffolding on a building owned by the contract manufacturer Foxconn International Holdings Ltd

President Donald Trump and Foxconn Technology Group Chairman Terry Gou said in a White House press conference on Wednesday that the factory will initially employ about 3,000 people, before expanding to as many as 13,000.

State Rep. Samantha Kerkman, R-Salem Lakes, said she also has high hopes for the plant. Other states vying for the plant were Michigan, Illinois, Indiana, Ohio, Pennsylvania and Texas. He also expressed concerns over the company making big announcements and not following them up.

The announcement Wednesday comes at a critical juncture for a Trump administration that pledged to generate manufacturing jobs but has struggled to deliver results as quickly as the president promised. Donald Trump praised Terry Gou, the chairman for Foxconn, while also firmly iterating how he being president of U.S. has brought about this decision. "In other words, if I didn't get elected, he definitely wouldn't be spending $10 billion dollars", Trump said.

On that same day, Amazon said it planned to hire 50,000 people at its U.S. fulfillment centers, including a sprawling facility in Kenosha, not far from Foxconn's potential new sites. Wisconsin Governor Scott Walker said at the White House that the state intends to award $3 billion in incentives, a package that has yet to be approved by the state's legislature.

The average salary for the jobs will be almost $54,000, suggesting some of the higher-end positions will be engineers, software developers and people proficient in computer-assisted design, Still said.

Foxconn is expected to select a 1,000-acre site in southeast Wisconsin and could be eligible for some additional local incentives, officials said.

The firm will invest $10 billion in Wisconsin to build a new manufacturing plant that produces LCD panels. It just-so-happens to be located within Speaker of the House Paul Ryan's congressional district.

Gary Woodland flirts with course record, settles for 63 at Canadian Open
On Sunday, a controversial vote called by President Nicolas Maduro to put more power into his hands will take place. One source suggested The Greenbrier Classic, now played in early July three weeks after the U.S.

The United States has added 70,000 manufacturing jobs since November, bringing the total to almost 12.4 million, but has not added any net factory jobs in the last two months, according to the Bureau of Labour Statistics.

The Taiwanese electronics manufacturer is a major supplier to Applec Inc. Cutting-edge technology will be made in America, right here in Wisconsin.

Critics have cautioned that Foxconn has made promises before to invest in the USA and not followed through.

Others are concerned about the company's ability to follow through on agreements; in 2013, Foxconn planned to invest $30 million to build a factory in Pennsylvania, but it was never built.

The governor has called a special session, set for next Tuesday.

It would include up to $1.5 billion in state income tax credits for jobs created, up to $1.35 billion in credits for capital investment and up to $150 million in sales tax exemptions on construction materials.

And Assembly Minority Leader Peter Barca, D-Kenosha, who also represents southeastern Wisconsin said he welcomes the project but said unanswered questions about its impact remain.

Related News:

  • House Speaker Ryan defends Priebus, says has Trump's confidence

    As CNN was discussing the financial disclosure episode, Scaramucci called in - ripping a page from Trump's own playbook. The president's new communications director is doubling down on his complaints of leaks within the White House.
    Japan to hike tariffs on frozen US beef imports

    Japan to hike tariffs on frozen US beef imports

    Japan says it plans to raise tariffs on imports of frozen beef from the United States and other countries from next month. Japanese officials said on Friday they were raising duties on USA frozen beef exports to 50% from 38.5%.
    Russia's Kaspersky Lab launches free antivirus software globally

    Russia's Kaspersky Lab launches free antivirus software globally

    According to Kaspersky, giving the software away in the piloted regions "cranked up" the company's market share "considerably". Still, Kaspersky Free seemingly provides the basic protection that most people need to protect themselves from cyberthreats.
  • No retreat on demands to Qatar: Boycotting Arab nations

    They also stressed the importance of implementing Riyadh agreements (2013-2014) which have not yet been carried forth by Qatar. The four countries confirmed that all the measures taken against Qatar are in line with their sovereignty and global law.
    President Nicolas Maduro bans protests before controversial weekend vote

    President Nicolas Maduro bans protests before controversial weekend vote

    The state prosecutor's office said late on Friday 18-year-old Gustavo Villamizar had become the latest victim of protest violence. Maduro is aligned with the political movement of Hugo Chavez , the leftist President from 1999 until his death in 2013.
    Girl gets sexually assaulted twice in one day, by two different men

    Girl gets sexually assaulted twice in one day, by two different men

    Police in the United Kingdom say they've arrested two men after a 14-year-old girl was raped twice on the same night. He sported a larger build and had a very tightly-kept beard, as well as a blue jumper and black jeans on.
  • Hamburg Stabbing Suspect Is Known Islamist, German Authorities Say

    Hamburg Stabbing Suspect Is Known Islamist, German Authorities Say

    After initial reports of the suspect being a robber, police later said that a possible robbery motive had not yet been confirmed. One dead and four wounded is the result so far of a fatal attack at a supermarket in Hamburg , Germany earlier today.
    Hellblade: Senua's Sacrifice Official Trailer Released

    Hellblade: Senua's Sacrifice Official Trailer Released

    The trailer doesn't show off any gameplay footage, but the CGI cutscenes and imagery are pretty gorgeous. The developer announced PlayStation 4 Pro support for Hellblade: Senua's Sacrifice .
    President Donald Trump's political speech to Scouts inspires parental outrage

    President Donald Trump's political speech to Scouts inspires parental outrage

    In fact, today, I said we ought to change it from the word "swamp" to the word "cesspool" or perhaps to the word "sewer". What is going on is shameful, deceptive, duplicitous, unpatriotic, and, perhaps, in the end, un-Constitutional.
  • Tollywood Drug Scandle: Ravi Teja Appeared Before Special Investigation Team

    Tollywood Drug Scandle: Ravi Teja Appeared Before Special Investigation Team

    The officials have also asked for samples of hair, blood and nails from these celebrities for forensic examination. As we have reported earlier, the interrogation of actor Ravi Teja at Abkari Bhavan is under progress.
    'Our handsome  little boy' - Charlie Gard has died

    'Our handsome little boy' - Charlie Gard has died

    Gard's parents fought a five-month legal battle for him to be taken to the United States for experimental treatment. He and a group of doctors examined Charlie last week and gave their expert opinions to the judge.
    Dollar inches up as investors brace for Fed guidance

    Dollar inches up as investors brace for Fed guidance

    Spot gold had climbed 0.2% to $1,262.58 an ounce by 10.42am GMT after reaching $1,264.90, its highest since June 15. The Federal Reserve Open Market Committee unanimously declined to raise the benchmark interest rate Wednesday.


Most liked

Police Across The Country Slam Trump's Aggressive Law-And-Order Speech
I think he is doing our nation a disservice by encouraging police departments to engage in unlawful, unconstitutional behaviour. The president suggested that officers should hit suspects' heads on the doors of their police cars.

Katie eases way to sixth straight win
Clarkson had no answer to Taylor's punches and, after the third round, the American's corner called a halt. Considering the ease of Taylor's victories of late, it would be no less than she deserves.

Tottenham youngster Marcus Edwards signs new contract
Fans showed they are disappointed with the situation. We have a very clear idea of what we want. For us we we are a little bit behind.

Virat Kohli yet to be tested as captain, says Sourav Ganguly
Then, in the sixth over of Sri Lanka's innings, Danushka Gunathilaka fell to a loose shot for the second time on Test debut. The right-hander, who resumed the day on 76, remained unbeaten on 103. "The surface didn't offer much".

New Analyst Ratings For British Land Company (LON:BLND)
The stock was acquired at an average price of GBX 982 ($12.82) per share, for a total transaction of £2,779.06 ($3,628.96). UBS AG reissued a buy rating and issued a price target on shares of easyJet plc in a research note on Friday, June 23rd.

Chelsea must avoid a 'Jose Mourinho season', says Antonio Conte
Given the current madness of the transfer window, there is every possibility that Spurs may receive a tempting offer for Kane. It's simple", Conte reiterated. " Tottenham is a really good squad if they are able to keep all the players ", Conte said .

Tesla Model 3 has no key, so don't forget your phone
Still, Tesla's engineers and designers worked together to strip out unnecessary parts and to simplify production. The price of the base version starts at $35,000, as promised, with the longer-range battery adding $9,000.

Iran, US Navies Engage in Second Encounter in One Week
On Friday, the US imposed new sanctions on Iran , targeting six Iranian subsidiaries of the Shahid Hemmat Industrial Group. The aircraft carrier was accompanied by cruiser.

Evacuations lifted in southern France; fire risk still high
On Tuesday, more than 10,000 people were evacuated from the area - many of them tourists on holiday at resorts and campsites. Civil Protection Agency spokeswoman Patricia Gaspar said continuing strong winds and tinder-dry woodland remain a menace.

IPod Nano, Shuffle Gone From Apple's Lineup
Apple intends on keeping only the iPhones, iPad and the iPod Touch as the primary devices for audio consumption. Apple did not reveal the sales figures for iPods but said that the iPod Touch is the most popular model.

Ben Stokes' sparkling century pushes England past 350
The value of his selection - and the likelihood of him making the Ashes tour - will become clear in the coming days. Cook was able to add only six to his overnight score before falling to the 200th delivery he faced.

The Dangers of the Senate Health Care Vote
For one, it doesn't do much to actually dismantle Obamacare-it simply addresses some of its enforcement and funding mechanisms. McCain for his vote and said that he wanted "to congratulate the American people" because better health care is on the way.

Parliamentarian issues warning on another GOP healthcare proposal
Nevertheless, the vote narrowly passed along party lines, with Vice President Mike Pence breaking the 50-50 tie. Nine Republicans voted against the first amendment - to repeal and replace Obamacare - and it failed to pass.

3 Takeaways From Quarterly Earnings Report — Twitter Stock Price
In a statement , both CEO Jack Dorsey and COO Anthony Noto claim that the increased user growth is a sign of Twitter's strength. First the good news for Twitter: Though down 1% annually, the company's global ad sales grew 16% sequentially to $220 million.

Israel Embassy shooting in Jordan complicates shrine crisis
The Foreign Ministry quietly withdrew its ambassador and staff from Cairo at the beginning of the year due to security concerns. The removal of the detectors was meant to end more than a week of Muslim protests, including mass street prayers.