Foxconn, Kwik Trip projects receive national acclaim
Two Wisconsin projects win awards from Trade & Industry Development magazine
MADISON, WI. May 14, 2018 – Foxconn’s historic investment in Racine County and Kwik Trip’s major expansion in La Crosse have received national recognition for economic development success in Trade & Industry Development magazine’s 13th annual CiCi Awards.
The magazine editors at the national trade publication evaluated several hundred announcements from across the U.S. before selecting the 30 winners of its 2017 Corporate Investment & Community Impact Awards.
These awards recognize corporate locations and investments, with a focus on both the company investing in the community and the economic developers responsible for securing that investment. Recognition is given to companies and communities in two categories: Corporate Investment and Community Impact.
The Foxconn Technology Group’s $10 billion advanced manufacturing campus in Racine County was the largest project receiving an award. The 32-million-square-foot Foxconn campus will employ as many as 13,000 people and is by far the largest economic development project in Wisconsin history. Once the facility is up and running, it will produce nearly 7 million high-definition LCD panels a year.
Kwik Trip was also recognized for its plans to undertake a $300 million capital investment project in La Crosse that will enable the growing company to meet its capacity needs for the foreseeable future. Kwik Trip currently owns and operates 600 retail convenience stores in Wisconsin, Minnesota and Iowa.
Kwik Trip is going to invest $113 million in a new 200,000-square-foot bread-and-bun production facility, and make multimillion-dollar expansions and improvements in its dairy manufacturing facility, kitchen operations and transportation fleet.
Along with WEDC, the La Crosse Area Development Corporation also received this award on behalf of its work with Kwik Trip.
The CiCi Awards honor projects around the country that make a significant difference in terms of the infusion of capital investment and have the potential to impact and transform the communities in which they’re located.
The 30 total 2018 CiCi Awards projects planned by 28 companies represent nearly $24 billion in capital investment and more than 34,000 direct jobs – plus countless more indirect employment positions associated with the projects.
The national honors come as Wisconsin had a record year for economic development in 2017, with WEDC supporting 59 companies that agreed to locate or expand in Wisconsin last year. Those projects are expected to create or retain nearly 30,000 jobs and result in more than $11.6 billion in capital investment.
About the Wisconsin Economic Development Corporation
The Wisconsin Economic Development Corporation (WEDC) leads economic development efforts for the state by advancing and maximizing opportunities in Wisconsin for businesses, communities and people to thrive in a globally competitive environment. Working with more than 600 regional and local partners, WEDC develops and delivers solutions representative of a highly responsive and coordinated economic development network. Visit wedc.org or follow WEDC on Twitter @WEDCNews to learn more.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. It has not been verified for its accuracy or completeness.
More about the Foxconn Facility
- Foxconn Will Get State Subsidy For 2022 - Joe Schulz - Dec 11th, 2023
- Mount Pleasant Approves Microsoft Deal on Foxconn Land - Evan Casey - Nov 28th, 2023
- Mount Pleasant Deal With Microsoft Has No Public Subsidies - Evan Casey - Nov 14th, 2023
- Microsoft, State Announce Massive Data Center Expansion, Land Purchase - Joe Schulz - Nov 11th, 2023
- Gov. Evers Announces Microsoft Makes Major Investment in Wisconsin - Gov. Tony Evers - Nov 10th, 2023
- State Can’t Regulate We Energies $100 Million Project for Microsoft - Joe Schulz - Sep 20th, 2023
- Foxconn Selling Green Bay, Eau Claire ‘Centers’ - Joe Schulz - Aug 16th, 2023
- Murphy’s Law: Foxconn Deal Is Still Costing Taxpayers - Bruce Murphy - Jul 6th, 2023
- Microsoft Will Pay $50 Million For Mount Pleasant Data Center Site - Evan Casey - Apr 20th, 2023
- Microsoft Data Center Proposed for Foxconn Land - Evan Casey - Mar 29th, 2023
Read more about Foxconn Facility here
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