This is fantastic news for Wisconsin and the city of Milwaukee!
From Milwaukee Business Journal:
Foxconn Technology Group is putting its North American headquarters and an innovation center in the downtown Milwaukee building it will buy from Northwestern Mutual, marking another step in its plans to invest in Wisconsin beyond a Racine County manufacturing plant.
Foxconn is buying the downtown building at 611 E. Wisconsin Ave. from Northwestern Mutual.
The company, which will make high-resolution LCD screens in Wisconsin, will rename the building Foxconn Place, which will also house the “Wisconn Valley Innovation Center” with incubators, accelerators and venture capital activity, said Louis Woo, special assistant to Foxconn chairman Terry Gou.
Beyond traditional corporate offices, the building will be a showcase and experiential center for Foxconn's products, said Alan Yeung, Foxconn’s head of U.S. strategic initiatives. It will help the company explore new applications of its video screens, he said, including potentially facial recognition for security uses.
...The company also plans to use the location as a “magnet to attract talent from other states,” Woo said. Talent that is developed in the building could eventually move on to start families in Racine County, where Foxconn’s main U.S. LCD screen manufacturing plant will be built, he said.
“We want to take advantage of the youthfulness, the vibrancy,” Woo said of the downtown location. “We are using all of this advantage to attract the talent, to retain them.”
Foxconn’s purchase of a seven-story building in downtown Milwaukee from Northwestern Mutual is independent of our state deal. It goes beyond the $10 billion facility in Mount Pleasant & grows Foxconn’s footprint in WI. This new headquarters is WI’s Foxconn Bonus. #WIFoxconnBonus pic.twitter.com/8ng2bvGctR
— Governor Walker (@GovWalker) February 6, 2018
Redefining Milwaukee and Wisconsin!
No comments:
Post a Comment