Foxconn has reached agreements to purchase The Grand, the six-story, 43,000 square foot office building at 204 E. Grand built in 1929 that was most recently occupied by Wells Fargo, and 15,000 square feet of the western section of the first floor of the new Haymarket Landing building. The company said it will create at least 150 high-tech jobs in the facilities.
“Our goal in establishing Foxconn Place Chippewa Valley is to help inspire innovative ideas, attract talent and catalyze cutting-edge solutions from companies and entrepreneurs in this part of the state,” said Yeung. He also mentioned the value of the region's UW institutions and CVTC to the effort, and termed Foxconn's overall effort "a major milestone in making Wisconsin a technology hub," including the return of electronics manufacturing to the US.
Governor Walker called the investment "another example of the ‘Foxconn Bonus’ that goes well beyond the company’s $10 billion advanced manufacturing campus in Racine County."
Steve Jahn, Executive Director of the 10-county Momentum West economic development organization, pointed to the broader benefits Foxconn will bring not only to Wisconsin, but to Eau Claire, the Chippewa Valley, and the entire west central Wisconsin region."
Yeung said the company plans to close the transaction by the end of this year and have the facility open in early 2019.
At a luncheon last Wednesday with Eau Claire Chamber members, Governor Walker hinted at a major announcement coming soon. Read more: Wis. Governor Scott Walker Visits Eau Claire, Discusses Workforce And Foxconn
More information on the Foxconn announcement: News release (Governor's office), Foxconn move in Eau Claire a boost for local business (WEAU TV 13), Foxconn on the Chippewa: Company announces technology and talent hub for Eau Claire with 150 jobs (Leader-Telegram), Gov. Walker Announces Foxconn Purchase in Downtown Eau Claire (Volume One), Foxconn to create tech hub in downtown Eau Claire (Milwaukee BizTimes)
Posted by: Scott Rogers, Governmental Affairs & Workforce Director; photos by Kaylee Tracy and Scott Rogers