MADISON – Foxconn Technology Group on Monday announced a commitment of $100 million to support research at the University of Wisconsin-Madison and a new building for the school’s College of Engineering. This announcement comes in addition to investments in a $10 billion facility in Mount Pleasant, a headquarters in downtown Milwaukee and innovation centers in Green Bay and Eau Claire.
Foxconn’s decision to put a footprint in this state will make Wisconsin a hub for the tech economy, furthering the Badger State’s reputation as a world-class leader when it comes to innovative technology and advanced manufacturing.
“Foxconn has shown Wisconsinites again and again that it is committed to our state and its economic future,” said Kurt R. Bauer, Wisconsin Manufacturers & Commerce (WMC) President & CEO. “This $100 million commitment to UW-Madison will continue to bolster the great research being done at the state’s flagship campus, and it will ensure we have a well-prepared workforce for Foxconn and the thousands of other manufacturers in Wisconsin.”
The announcement from Foxconn comes one day after State Superintendent and gubernatorial candidate Tony Evers bashed Foxconn on statewide television calling the state’s investment that will bring 13,000 jobs a “horrible deal” and saying he would make sure “that horrible deal becomes something productive for the state.”
“This is a company that has shown nothing but a commitment to moving Wisconsin forward” added Bauer. “If Tony Evers thinks a $100 million investment in research and STEM education is not productive for our state, Wisconsinites should really question his commitment to our state’s future. It is time for him to explain to Wisconsinites in detail exactly how he would change the Foxconn incentive package.”
For more information, please contact:
Nick Novak, 608.258.3400