Village of Mount Pleasant and Racine County unanimously approve agreement ensuring all development costs and public infrastructure will be funded through Foxconn investments On the heels of the approval of the State of Wisconsin’s contract with Foxconn, the world’s largest electronics manufacturer, the Mount Pleasant Village Board and the Racine County Board have unanimously approved a Development Agreement with Foxconn that outlines the responsibilities of the company, Racin
The following statement was issued today by Dave DeGroot, President of the Village of Mount Pleasant: Tonight, the Village Board approved a Development Agreement with Foxconn that outlines the responsibilities of the company, the Village of Mount Pleasant and the County, along with key guarantees and protections for local taxpayers. The agreement ensures that the project is fully funded through Foxconn investments, protecting Village taxpayers and fully capitalizing on this o
Foxconn, the world’s largest electronics manufacturer, last week signed a contract with the State of Wisconsin to build a brand-new, 22-million-square-foot manufacturing campus in Racine County. In return for meeting capital investment and job creation targets, Foxconn will receive up to $2.85 billion in performance-based tax credits over the course of the next 15 years. The project is expected to create more than 13,000 jobs, more than 10,000 construction jobs and tens of th
"As we’ve been out in the community talking to existing employers, we’ve heard the same response: “This is great news, but …” Often that “but” has to do with existing businesses’ ability to attract talent and fill open positions. To address this challenge, RCEDC has been working with Racine County leadership to develop new programs. In 2018, Racine County will embark on a national talent recruitment effort. Coupled with this talent recruitment program will be new marketing to
Last week, the Wisconsin Economic Development Corp. board approved the state's contract with Foxconn. To learn more about the approved contract, see the WEDC's fact sheet.
This is a major step forward for the project. In addition to the state contract, a local contract is being developed for consideration by Village officials later this month.
On Friday, November 10, the Mount Pleasant Village Board and the Mount Pleasant Plan Commission will hold a public hearing regarding an amendment to the Village's Master Plan to designate the Foxconn project area as business park land (view agenda here). The Board and Commission will also hear public comment on a zoning change to the project area to rezone it as business park land (view agenda here).