Local agreement with Foxconn signed Friday

FILE - In this Thursday, May 27, 2010, file photo, a worker looks out through the logo at the entrance of the Foxconn complex in the southern Chinese city of Shenzhen. As the buzz increases over an expected imminent announcement that Wisconsin may land a massive new Foxconn manufacturing plant, concerns are also rising about what the state may have to offer up to seal the deal. (AP Photo/Kin Cheung, File)

MOUNT PLEASANT (AP) -- Foxconn Technology Group executives and officials from Racine County and Mount Pleasant are signing a local development agreement that seals the deal on the company's $10 billion manufacturing complex.

The county and village boards approved the development agreement earlier this week. It outlines the responsibilities for the parties involved and includes guarantees and protections for taxpayers. The agreement signing Friday morning is at Mount Pleasant Village Hall.

The Taiwanese company will construct a 32-million-square-foot flat screen and display panel manufacturing complex that could eventually employ 13,000 people east of Interstate 94. Foxconn has given Mount Pleasant $60 million for land acquisition.

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