The Taiwanese firm announced a $100 million gift to the University of Wisconsin-Madison’s College of Engineering — the largest investment from a research partner in the UW’s history. UW-Madison Chancellor Rebecca Blank committed to raising another $100 million in private donations to match the Foxconn grant, which will be used to establish an interdisciplinary research facility that will be a hub for technological innovation and provide research and development work. That, in
Foxconn Technology Group and its Chairman and Founder Terry Gou announced plans to invest $100 million in engineering and innovation research at the University of Wisconsin–Madison, while also creating the framework for a science and technology institute that will collaborate closely with the company’s facilities in southeast Wisconsin. Read the full brief here. Channel3000 also wrote about the plan, Editorial: Foxconn, UW-Madison pushing the boundaries of knowledge. "In the
The Milwaukee Journal Sentinel published a story about the impact of the new venture capital fund. New businesses account for nearly all net new job creation.That simple fact, supported by research from the Ewing Marion Kauffman Foundation, cuts through all the political rhetoric about building a growing economy, the holy grail of every state or region. Unfortunately, the Milwaukee area has lagged in most measures of entrepreneurial activity in recent years, falling to 33 out
Advocate Aurora Health, Foxconn Technology Group, Johnson Controls and Northwestern Mutual will came together as equal partners to create the new $100 million Wisconn Valley Venture Fund. The early-stage venture capital fund will invest both nationally and globally, targeting transformative and interdisciplinary innovations in health care, technology, manufacturing and financial services. Each organization will contribute $25 million to the fund as the latest step by the comp
On the heels of Racine County- and City of Racine-led jobs initiatives, new data released this week shows the City of Racine experienced the state's largest drop in unemployment between July 2017 and July 2018. The unemployment rate dropped from 5.6 percent in July 2017 to 4.9 percent in July 2018, according to state Department of Workforce data. That 0.7 percent drop represents the biggest net reduction among the 32 most populous Wisconsin municipalities. Get more informatio
Racine County's Uplift 900 project is meant to bring employers into Racine's neighborhoods to meet potential employees where they are. The event gives job seekers a chance to interact with the employer face-to-face instead of through an email or a resume. The next Job Fest is scheduled for 3 to 7 p.m. on Friday August 31st at the Dr. Martin Luther King Center, 1134 Dr. Martin Luther King Drive. Melvin Hangrove talks in depth about the opportunity here.
“Our hope would be, not only for some of the new employees today just getting into construction, but that this will inspire others to get into the trades and in construction, transportation and certainly in manufacturing.” Gov. Scott Walker Read the full article in The Journal Times here.
The Wisconsin Department of Transportation (WisDOT) announced it is seeking bids for work to install drainage structures in cooperation with the Wisconsin Department of Natural Resources (DNR) stream and migratory bird limitation timeframes. Bids are due to WisDOT by 9:00 a.m. on August 14 . The contract award date is dependent on the bids received on August 14. More information is available here .
Following announcements that Foxconn will open innovation centers in Green Bay and in Eau Claire , Mark Hogan, CEO of the Wisconsin Economic Development Corporation, shared his perspective on the project with the Green Bay Press Gazette. "I feel good about the contract we have: No jobs created, no wages, then they get no tax credits, " Hogan said. "This is an investment in our grandchildren and our grandchildren's grandchildren... What I've seen with Foxconn is the celebratio
The Racine Journal Times Editorial board recently published an article exploring Foxconn's energy supply needs and the possibility of using solar power to answer some of those needs. "We Energies officials said they were in talks with Foxconn over its energy supply needs and that solar power may figure prominently in the campus' needs." "According to [a] news report, a solar installation at Foxconn could be the largest in Wisconsin, and could generate 60 to 90 times the curre