Foxconn leaders joined Governor Scott Walker Friday in Green Bay to announce a new innovation center coming to the city.
The center, located at 301 North Washington Street, will create an expected 200 jobs.
Governor Scott Walker called it part of 'Foxconn Bonus.'
"It's just an exciting time to think about how many more opportunities we have for our young people to stay here after they graduate, to grow," Walker said.
Local economic development leaders say having the talent from those young people is likely a driver behind Foxconn's decision to locate the center in Green Bay.
"It's really, really encouraging and very motivating to see an international label like Foxconn arrive in this community," New North Executive Director Jerry Murphy said.
Foxconn has entered into an agreement to buy the six-story building, known as The WaterMark, and they anticipate opening the center by the end of the year.