Foxconn to buy WaterMark building in downtown Green Bay

Foxconn CEO Terry Gou announces his company's plans to buy the WaterMark Building in downtown Green Bay June 29, 2018. (WLUK/Tim Flanigan)

GREEN BAY (WLUK) -- Foxconn is buying the WaterMark building to create an "innovation center" in downtown Green Bay.

"Wherever you will go in Wisconsin, we wish to become a part of the local community. I'm looking forward to the many partnerships and opportunities that will becoming to Green Bay," said Terry Gou, Foxconn CEO.

The announcement comes one day after the company broke ground on its $10 billion facility in southeastern Wisconsin. Gou appeared in Green Bay Friday morning along with Gov. Scott Walker and local leaders to discuss the announcement.

The WaterMark building is a six-story, 75,000-square-foot building that was once home to Prange's and Younkers department stores.

More than 200 employees are expected to work at the center. The company says they will work on developing applications for display technology that Foxconn is creating.

"It helps in terms of accelerating the opportunities for startups and entrepreneurs will get a clear boost from this center," said Gov. Scott Walker.

"I think people are going to take a look at Green Bay Wisconsin. I think sometimes people think of bigger cities or maybe cities known more for high tech like an Austin or Nashville but I think we can do that here in Green Bay," said Jim Schmitt, Green Bay mayor.

Foxconn said it plans to open the center by the end of this year.

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