Wisconsin State Rep. John Macco (pictured left) with Taiwan Ambassador Hsiao Bi-Khim | Twitter/John Macco
Wisconsin State Rep. John Macco (pictured left) with Taiwan Ambassador Hsiao Bi-Khim | Twitter/John Macco
State Rep. John Macco recently welcomed the Taiwan Ambassador to Wisconsin.
In 2017, Taiwan-based Hon Hai Precision Industry Co. (aka Foxconn) reached an agreement with the Wisconsin Economic Development Corp. to invest $10 billion in a Racine-area manufacturing campus. The size of the investment was later scaled back to $672 million, which Foxconn said will give them more "flexibility," according to Focus Taiwan.
In the original deal, Foxconn would have committed to hiring 13,000 employees for the facility, but reduced that number to 1,454, according to CNBC News. If Foxconn had followed through with the $10 billion investment, it would have been the largest investment in a new location a foreign-based company has made in history of the U.S.
"Had the honor of welcoming Taiwan Ambassador Hsiao Bi-Khim to Wisconsin and discussing our important trade relationship," Macco wrote in a Sept. 29 Twitter post. "Wisconsin’s GDP surpasses entire countries and partnerships, such as the one with Taiwan, ensures money and jobs come to our state."
In 2019, Wisconsin’s GDP was $349,416,000,000, according to The Department of Numbers.
According to 2017 statistics, Wisconsin’s 2019 GDP would have put it at number 32 on a ranking of countries by GDP – above South Africa, Hong Kong, Denmark, Singapore and over a hundred others, according to Worldometer.
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