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Huge Employer coming to our town, maybe

Old 07-26-2017, 04:10 PM
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Default Huge Employer coming to our town, maybe

President Trump just announced that Foxconn is bringing 13,000 high-tech jobs to SE Wisconsin -- the biggest jobs announcement in our state’s history! They would start out at 3000 employees. They would also bring 22000 non direct jobs. The plant would take up a huge amount of real estate.

This is rumored to happen in my hometown, a few miles from my home. My wife and I are just talking about what impacts this might bring, such as possible real estate going sky high. Our area has one of the highest unemployment rate in the State. I am aware that they made promises in the past. But that aside if this does happen, for those that have experienced a similar situation, how has life changed for you and what should we expect?
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Old 07-26-2017, 04:14 PM
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Originally Posted by mikeloew View Post
President Trump just announced that Foxconn is bringing 13,000 high-tech jobs to SE Wisconsin -- the biggest jobs announcement in our state’s history! They would start out at 3000 employees. They would also bring 22000 non direct jobs. The plant would take up a huge amount of real estate.

This is rumored to happen in my hometown, a few miles from my home. My wife and I are just talking about what impacts this might bring, such as possible real estate going sky high. Our area has one of the highest unemployment rate in the State. I am aware that they made promises in the past. But that aside if this does happen, for those that have experienced a similar situation, how has life changed for you and what should we expect?




Probably mostly automated fab jobs, Foxconn does high production personal electronics efficiently.


Hope it turns out great for youse guys.


.
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Old 07-26-2017, 04:29 PM
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http://www.reuters.com/article/us-ap...-idUSKBN1AB258
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Old 07-26-2017, 04:32 PM
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well here in charleston, we now have boeng, mercedes and volvo is coming soon, the popularity has crushed the city. Traffic is terrible, sure there is astronomic growth, but the infrastructure can't handle it.
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Old 07-26-2017, 05:13 PM
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Originally Posted by bellsisland View Post
well here in charleston, we now have boeng, mercedes and volvo is coming soon, the popularity has crushed the city. Traffic is terrible, sure there is astronomic growth, but the infrastructure can't handle it.
So overall was it positive or negative IYO? And did it help you in any way?
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Old 07-26-2017, 05:19 PM
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I can tell you this, I have seen first hand how HUGE something like this can be

The Upstate of SC has BOOMED since BMW came here and I am amazed at how many other companies are suppliers

Great paying jobs


I feel when BMW came to SC it opened the doors for lot of others to come here as well(Boeing, Volvo, etc) and we have had Michelin Tire here for 40 yrs and they have plants all over the Upstate .

Hope it works out for yall

To me industry is the back bone of the USA
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Old 07-26-2017, 05:43 PM
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I'm in a little bit of a fog right now cuz I'm enroute to Auckland from NYC, so I don't recall the source, but on one of the flights in some newspaper (perhaps the LA Times?) in the last day I read a story about an employer in Ohio that needs to decline business because too many job applicants can't pass a drug screening. Hopefully your area will not have that problem.
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Old 07-26-2017, 06:47 PM
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Originally Posted by mikeloew View Post
President Trump just announced that Foxconn is bringing 13,000 high-tech jobs to SE Wisconsin -- the biggest jobs announcement in our state’s history! They would start out at 3000 employees. They would also bring 22000 non direct jobs. The plant would take up a huge amount of real estate.

This is rumored to happen in my hometown, a few miles from my home. My wife and I are just talking about what impacts this might bring, such as possible real estate going sky high. Our area has one of the highest unemployment rate in the State. I am aware that they made promises in the past. But that aside if this does happen, for those that have experienced a similar situation, how has life changed for you and what should we expect?
Similar happened to me in Wilmington nc in 2005. Verizon came into town with 10000 employees. There was a serious real estate shortage. My house went from 168k in 2005 to finally just taking an offer of 340k in 2006. I moved back to NJ and never looked back. Realtors would knock door to door looking for sellers it was mayhem!
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Old 07-26-2017, 06:48 PM
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They have 3 different stock symbols and none of them are on the U.S. stock exchange. I am checking to see if I can buy any of their stock through one of my brokers. I've never tried buying an international stock so maybe it's common/easy to do?

Does anyone know if you can trade international stock with one of these brokers?

Vanguard
Wells Fargo
Scottrade
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Old 07-26-2017, 07:06 PM
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invest at least $7 billion in the U.S. and create up to 50,000 jobs. Whew.
Seeing is believing.
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Old 07-26-2017, 07:44 PM
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I live a few miles from the proposed plant. Locally they think it will come to Wisconsin. Read the national papers and they are comparing 6 sites. Won't know until it happens. We absorbed Amazon and Uline with not to much impact. Don't believe it will ever hit 10,000 jobs.
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Old 07-27-2017, 06:46 AM
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Originally Posted by duke460 View Post
I live a few miles from the proposed plant. Locally they think it will come to Wisconsin. Read the national papers and they are comparing 6 sites. Won't know until it happens. We absorbed Amazon and Uline with not to much impact. Don't believe it will ever hit 10,000 jobs.
I did a little research last night, The largest employer in the state is UWM Madison, (15000) followed by Menards (10000) . I was a bit surprised at that. But if the numbers they are talking about ever materializes, 13000 jobs located in one spot could and would change everything. You are right about Amazon, they have a huge turnover. I heard you have to stand in line to quit.
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Old 07-27-2017, 06:58 AM
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Originally Posted by mikeloew View Post
I did a little research last night, The largest employer in the state is UWM Madison, (15000) followed by Menards (10000) . I was a bit surprised at that. But if the numbers they are talking about ever materializes, 13000 jobs located in one spot could and would change everything. You are right about Amazon, they have a huge turnover. I heard you have to stand in line to quit.

I am surprised that Epic didn't make the top 2. They are effectively the Salesforce.com of the Medical systems field and are continually growing the campus outside of Madison.

That woman is worth some serious cake!

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Old 07-27-2017, 07:11 AM
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Originally Posted by Mersiles View Post
I am surprised that Epic didn't make the top 2. They are effectively the Salesforce.com of the Medical systems field and are continually growing the campus outside of Madison.

That woman is worth some serious cake!

True dat. She will rule the world.
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Old 07-27-2017, 07:26 AM
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Originally Posted by slipkid View Post
True dat. She will rule the world.

Unless AHCA gets repealed then Michelle's BFF will probably lose her shirt.

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Old 07-27-2017, 08:18 AM
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Foxconn puts up anti-suicide nets at their facilities in China. Sounds like a fantastic company.
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Old 07-27-2017, 08:25 AM
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Originally Posted by mikeloew View Post
President Trump just announced that Foxconn is bringing 13,000 high-tech jobs to SE Wisconsin -- the biggest jobs announcement in our state’s history! They would start out at 3000 employees. They would also bring 22000 non direct jobs. The plant would take up a huge amount of real estate.

This is rumored to happen in my hometown, a few miles from my home. My wife and I are just talking about what impacts this might bring, such as possible real estate going sky high. Our area has one of the highest unemployment rate in the State. I am aware that they made promises in the past. But that aside if this does happen, for those that have experienced a similar situation, how has life changed for you and what should we expect?
Walker and 45* say 13,000.

Foxconn says 3,000.

Foxconn will get between 1 and 3 BILLION in corporate welfare.

Foxconn also said they would make major investments in Indian and Pennsylvania and neither happened.

22,000 indirect jobs?!?!? Based on what?

I wouldn't start buying stock just yet. Sounds more like Carrier - millions in corporate welfare bribes (which they get to keep) and they are still sending jobs to Mexico.

Honestly,I hope it works out for your area - it could be a great boon. I just think its more likely to be a boondoggle....
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Old 07-27-2017, 08:31 AM
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up to 13,000 and bringing 13,000 is very very different. I really hope they bring 13,000 jobs but lets be realistic here.
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Old 07-27-2017, 08:46 AM
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Originally Posted by MattGoose View Post
Walker and 45* say 13,000.

Foxconn says 3,000.

Foxconn will get between 1 and 3 BILLION in corporate welfare.

Foxconn also said they would make major investments in Indian and Pennsylvania and neither happened.

22,000 indirect jobs?!?!? Based on what?

I wouldn't start buying stock just yet. Sounds more like Carrier - millions in corporate welfare bribes (which they get to keep) and they are still sending jobs to Mexico.

Honestly,I hope it works out for your area - it could be a great boon. I just think its more likely to be a boondoggle....
Agree Matt, I am a half full glass guy. Time will tell.
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Old 07-27-2017, 08:48 AM
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Originally Posted by ChannelTwo View Post
Foxconn puts up anti-suicide nets at their facilities in China. Sounds like a fantastic company.


True.
There are "dorms" adjacent to the manufacturing facilities for employee housing and canteens for food.
Basically, go to work for 12 hours or so, then you go to an overpopulated dorm and pay the rest of your paycheck to eat. A form of servitude, but there's a long line every morning of folks wanting a job. They had quite a few jumpers for a while, so they put nets outside the dorms.
To be cost-effective, they'll have to automate production in the US.
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