Foxconn Makes Major Investment in Racine County with $60 Million Deposit; Village Exercises Options
Friday marked an historic day for the Village of Mount Pleasant and Racine County, as Foxconn deposited $60 million for use by the Village for land acquisition. The investment marked a major Foxconn investment as the company brings its $10 billion manufacturing campus and thousands of associated jobs to the Village. As a result of the deposit, the Village is providing notice to property owners of the Village’s exercise of its options on 1,400 acres of land across numerous par
January to Mark Start of Roadwork, Utility Construction
Utility work and road construction will soon start in and around the Foxconn project site. Last week, the Racine Water Commission recommended contractors for two water main projects related to the Foxconn project, a water main along the east Frontage Road of I-94 between Highway 20 and Highway 11 in the Village of Mount Pleasant and another located in the Village, along Highway H from the Renaissance water tower south to Highway KR. Both projects will begin in January 2018 in
Executives Recognized for Work to Bring Foxconn to Wisconsin
Recently, the Milwaukee Business Journal selected M7 leaders Gale Klappa and Tim Sheehy as its 2017 Executives of the Year for their roles in bringing Foxconn’s manufacturing campus to southeastern Wisconsin. Read more here. RCEDC's Jenny Trick was also recognized with an "honorable mention."
Foxconn Recognized as Corporation of the Year
BizTimes recently named Foxconn Technology Group as Corporation of the Year. Read more about the designation here.
WisDOT Discusses Planned Improvements
At a public information session last week, Wisconsin Department of Transportation (WISDOT) officials discussed its work with the Village of Mount Pleasant and Racine County on the reconstruction of several state, village and county roadways around the new Foxconn Development. These roads are in the design and planning phase with construction scheduled to begin in summer 2018 and include: WIS 11 (56th Road to County H) County H (County KR to Venice Avenue – north of WIS 11) Co
DNR Outlines EITM Environmental Regulations
To provide clarity around the environmental requirements associated with the Foxconn project's designation as an Electronics & Information Technology Manufacturing (EITM) Zone, the DNR has created a resource outlining the similarities and differences between EITM regulations and non-EITM regulations. You can learn more here.
Foxconn Makes $60 Million in Funds Available
On Friday, Foxconn made $60 million of funds available for deposit, as required by the Development Agreement. Legal counsel for the Village of Mount Pleasant and Racine County are now working with the title company to establish the required Escrow Account, where funds will be deposited.
Electrical Services Plan for Foxconn
American Transmission Co. is developing a project to provide electric service to the Foxconn Manufacturing Campus. Learn more about the project and construction schedule here.
Upcoming Transportation Meeting
On Thursday, December 14, WisDOT will be hosting a Public Involvement Meeting (PIM) to discuss proposed plans for the upcoming work associated with the I-94 North/South project, including frontage roads in Racine and Kenosha County.
The meeting will take place from 3 to 7 pm at Mount Pleasant Village Hall, located at 8811 Campus Drive, Mount Pleasant, WI 53406.
Although not part of the I-94 freeway project, preliminary information will also be available regarding the impr
County, Village, Foxconn Sign Development Agreement
At a ceremony at Mount Pleasant Village Hall, Racine County Executive Jonathan Delagrave, Mount Pleasant Village President Dave DeGroot and Foxconn representatives officially signed the Development Agreement that will bring $10 billion in new investment to the community, along with thousands of jobs. The signing event took place after the Mount Pleasant Village Board and Racine County Board unanimously approved the Development Agreement with Foxconn, the world’s largest elect
