The world’s largest contract electronics maker and a major Apple Inc supplier might soon invest over $10 billion in new North Carolina facility.
According to Reuters, Foxconn “is currently considering Wisconsin, Ohio, Michigan, Pennsylvania and North Carolina as possible locations.”
Foxconn’s CEO, Terry Gou, told shareholders last week that they plan on making their decision in July.
“This time we go to America, it’s not just to build a factory, but to move our entire supply chain there,” Gou told shareholders.
N.C. House Speaker Tim Moore also just announced that North Carolina is about to land a major industry that would employ 8,600 people in one facility. The announcement came after the NC House and Senate both approved a new 25 year tax refund incentive within their new state budget – current law only allows for a maximum of 20 years of tax refund incentives to any 1 company.
Law makers are hoping that this new incentive will be enough to seal the deal with the global tech giant.