Foxconn’s first year by the numbers

The Public Record

Foxconn Technology Group announced in January that it would not seek any of the $9.5 million in payroll tax credits it could have earned in 2018. Having added 178 qualifying jobs, the company fell short of the minimum for credit eligibility. Still, Foxconn was required to file annual reports on its performance with the Wisconsin Economic Development Corp. Those reports provided new details into the company’s hiring and investments during its first full year in Wisconsin.

$4.46 million

Total wages paid out across 192 employment instances, including 131 exempt and 60 non-exempt employees. One instance is not categorized. The report does not indicate if employees were employed at multiple different points and requires reporting multiple entries if an employee’s base of operations changes.

$16.61 per hour

The average hourly wage of all non-exempt employment instances. Non-exempt employees worked more than 38,273 hours and received more than $635,000 in wages. Pay for exempt employees ranged from $865 to $302,769.

$99.2 million in capital investments

Most of Foxconn’s capital investments – $92.7 million – went toward land and buildings, but the company also spent $2.2 million on machinery and equipment and another $350,000 on furniture and fixtures. The company spent more in the first half of the year. Other purchases included $1.45 million on a lease for a facility on Globe Drive in Mount Pleasant and more than $1 million on clean room systems.

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Arthur covers banking and finance and the economy at BizTimes while also leading special projects as an associate editor. He also spent five years covering manufacturing at BizTimes. He previously was managing editor at The Waukesha Freeman. He is a graduate of Carroll University and did graduate coursework at Marquette. A native of southeastern Wisconsin, he is also a nationally certified gymnastics judge and enjoys golf on the weekends.

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