Made in America week was something the White House announced last week and it quickly seemed most of the effort to focus on the topic was sidetracked by other issues including the Obamacare repeal effort. However, the White House hosted a big announcement today that is undeniably a big deal. Foxconn, the Taiwanese high tech firm that produces products such as the iPhone and the PlayStation, will be opening a $10 billion facility to produce LCD screens in Wisconsin.
“This is a great day for America. It is a great day for Wisconsin and it’s a great day for Foxconn,” Governor Scott Walker said. Walker was flanked by Vice President Pence and House Speaker Paul Ryan as he spoke, along with Foxconn chairman Terry Gou. “Today we’re announcing the single largest economic development project in the history of the state of Wisconsin and one of the largest in the history of this country,” Walker said.
There was a moment of levity during Gov. Walker’s speech when he mistakenly announced Foxconn would invest “$10 million dollars” in the state. Speaker Ryan immediately leaned forward and said “billion.” “Ten billion, thank you,” Walker said. As Ryan laughed, Walker added, “I’m glad to see Paul Ryan’s keeping track of millions and billions.”
Walker said the investment would create 13,000 high-paying jobs as well as another 22,000 indirect jobs and 10,000 construction jobs.
After brief speeches by Speaker Ryan and Mike Pence, President Trump came to the podium. He explained that the company’s initial investment would create 3,000 jobs until a larger facility could be constructed.
Trump took a jab at Hillary Clinton at one point saying, “To make such an incredible investment, Chairman Gou put his faith and confidence in the future of the American economy.” He continued, “In other words if I didn’t get elected he definitely would not be spending $10 billion dollars.”
There were seven states competing to be selected as the site of the Foxconn investment. The selection of Wisconsin is definitely a big win for Governor Walker and for the Trump administration. Here’s the entire announcement. Gov. Walker’s speech begins about six minutes in. President Trump’s speech starts at 20:00.