FIRST VERTICAL CONSTRUCTION
BEGINS ON FOXCONN SITE
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Yesterday afternoon, local officials were joined by representatives of
M+W | Gilbane as the first pre-fabricated panels were lifted in place and installed to create the main structure of the Multipurpose Building, marking the start of vertical construction.
This is the first building to be constructed in what will become Foxconn’s Wisconn Valley Science and Technology Park. With continued commitment to “Wisconsin First,” Foxconn and M+W | Gilbane have announced that all of the contractors selected for work on the Multipurpose Building have Wisconsin operations.
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FOXCONN PLEDGES $100M FOR
UW-MADISON RESEARCH PARTNERSHIP
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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.
"In the midst of political squabbling over state subsidies for the Racine County plant, Foxconn has continued to press forward with strategic investments in some of Wisconsin's most valuable assets, including collaborating with the UW in, as Chancellor Rebecca Blank put it, "pushing the boundaries of knowledge." We welcome the partnership."
Read the full editorial
here
or watch the video by clicking the image below.
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ADVOCATE AURORA HEALTH,
FOXCONN, JOHNSON CONTROLS,
NORTHWESTERN MUTUAL CREATE
$100 MILLION VENTURE FUND
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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.
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Each organization will contribute $25 million to the fund as the latest step by the companies in their commitment to advancing innovative technology and positioning southeastern Wisconsin as a global technology hub. The goal of the fund is to generate strong investment returns while also offering the opportunity to create strategic benefits among the four firms and the companies in which the fund invests.
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EDITORIAL: FOXCONN'S IMPACT SPREADS
ALL ACROSS WISCONSIN
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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 turn, will support Foxconn’s manufacturing efforts by providing research support and opportunities for hands-on work and learning by UW students.
It is, once again, a hint as to how the Foxconn project promises to transform not only southeastern Wisconsin with advances in technology and employment, but to extend that transformation across the state.
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NEW WISCONSIN
CAPITAL FUND HAS THE
POTENTIAL TO BE A
WATERSHED MOMENT
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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 of 40
in the most recent rankings from Kauffman, which conducts research and advocates for entrepreneurship.
That's why Tuesday's announcement that Foxconn is partnering with three of Milwaukee's most prominent corporate citizens to create a venture capital fund has the potential to be a watershed moment for southeastern Wisconsin.
Read the full story
here.
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JOB FEST: MAKING THE JOB HUNT A PARTY
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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 today at the Dr. Martin Luther King Center, 1134 Dr. Martin Luther King Drive.
Melvin Hangrove talks in depth about the opportunity
here.
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“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.
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RACINE RECORDS LARGEST
UNEMPLOYMENT DROP IN STATE
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O
n 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.
Read the full story
here
.
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UPCOMING MEETINGS / EVENTS
On
September 5
, A Pre-Bid Meeting for Sanitary Sewer System - Phase 1 will be held at 2:00 p.m. at the Mount Pleasant Village Hall, 8811 Campus Drive, Mount Pleasant, WI 53406. Attendance at the pre-bid meeting is highly encouraged but is not mandatory.
On
September 12
, WHEDA and Racine County will host the Southeastern Wisconsin Housing Summit at Delta Hotel by Marriott in Racine (7111 Washington Avenue, Hwy 20).
On
September 17
, the next Local Monthly Update meeting will take place at 6:00 p.m. Brief updates will be provided by the WisDOT, M+W | Gilbane, and the Village of Mount Pleasant to keep the public informed. Update meetings are held on the 3rd Monday of each month at 6:00 p.m. at the Mount Pleasant Village Hall.
Upcoming meetings and events can be found in the
event calendar
on our website,
FoxconnRacineCounty.com
.
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