— The Mount Pleasant Village Board has unanimously approved a
historic agreement with Foxconn, the Taiwanese company building a
huge flat screen manufacturing campus in the community.
provides $764 million in local incentives for Foxconn, which is
building a complex that could eventually employ 13,000 people. The
factory campus is expected to have at least $1.4 billion in taxable
value by 2023. The Journal Sentinel reports local officials say that
will generate enough money to pay off the village and county
expenses related to the project.
provide Mount Pleasant with $60 million up front to begin buying
land at the factory site. Construction of the 25 million-
square-foot manufacturing complex on 1,200 acres in Racine County is
expected to begin next year.