Foxconn made headlines worldwide in July 2017 with an announcement of plans to make a 10 billion dollar investment in the State of Wisconsin that will, directly and indirectly, create tens of thousands of jobs. Foxconn’s Chairman Terry Gou recently reached out to Wisconsin residents and stakeholders in the Fall 2017 Milwaukee Metropolitan Association of Commerce’s (MMAC) quarterly publication. Chairman Gou’s message, titled “A letter to the Wisconsin Business Community,” discussed the reasons why he and his company decided to build their new 20 million square foot facility, the first of its kind in North America, in the State of Wisconsin.Among Chairman Gou’s reasons are a pro-business environment, necessary infrastructure, and Wisconsin’s “talented and committed” workforce. These include policies and initiatives like:·Wisconsin’s Business Development Tax Credit (BTC) Program that supports job creation by providing companies with refundable tax credits.·Recent investments in its infrastructure allow companies like Amazon to use the state as a major distribution hub; not to mention its nearness to two international airports that offer frequent flights to national and global destinations.·Workforce readiness programs that make sure everyone will get the skills they need to enter the workforce.FirstPathway Partners Chairman and CEO, Robert W. Kraft has long-held the belief that Wisconsin is a stable place to invest, is business-friendly, and offers a quality of life unmatched in many parts of the world. This belief has led hundreds of EB-5 investors to participate in successful projects around the great state. Chairman Gou’s message assures readers that Foxconn’s commitment to Wisconsin is “long-term” and the manufacturer aims to “build an industry that will go well beyond just our company.” Foxconn’s historic investment in the State of Wisconsin will only further act as an example of the opportunities that await future EB-5 investors who will follow their lead.
