For every 10 jobs created at a massive electronics manufacturing campus planned to be built by Taiwanese tech giant Foxconn in southeastern Wisconsin, 17 more jobs will be created elsewhere in the state, an analysis by a company consultant shows.
A study commissioned by Foxconn and released by Gov. Scott Walker’s administration Friday shows the facility’s operations would support more than 35,000 jobs statewide — a figure that includes the 13,000 planned to be at the campus itself.
The electronics manufacturer has signed a tentative agreement with Walker to build 20 million square feet of manufacturing facilities on about 1,000 acres in the southeastern area of the state.
Such an operation would spin off thousands of jobs to supply the factory and to supply the workers with personal services, products and homes, according to the study conducted by the Ernst & Young accounting firm.
The analysis estimated about 400 jobs at a glass manufacturer that would be located near the facility, which would create LCD panels, for example.
About $181 million in state and local tax revenues would result from bringing that workforce and operations to Wisconsin, and the facility would produce $7.6 billion of gross economic output per year once the plant is fully operational, assuming the campus assembles 6 million televisions annually.
State taxpayers would offer $3 billion in incentives.
Of the $10 billion investment needed to create the facility, $5.7 billion would be for construction and equipment sourced from within Wisconsin, the study said.
Plant workers are expected to earn an average of $73,500 in total compensation, including an average base wage of $53,875. Since that figure is an average and not a median amount, it could be significantly affected by a few workers making very high salaries.
Assembly Speaker Robin Vos has said most entry-level jobs would pay about $13 to $15 per hour and up.
The majority of the 13,000 workers would be hourly operators and technicians — about 9,800 of them. Another 1,600 would be process equipment engineers, 820 would work in a business office capacity, and another 763 would work as engineers.