“This is more than a new factory — it’s a new chapter in American manufacturing,” said Ben Liaw, CEO of FTC-USA. “Foxconn helped pioneer the world’s most advanced production systems, from smartphones to computing devices. Now we’re bringing that same precision and innovation to the United States. By combining America’s engineering talent with Foxconn’s smart factory technologies, we will produce advanced consumer products at a scale and quality the U.S. hasn’t seen in generations.”
To support the project, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved a 10-year incentive agreement valued at up to $3.4 million through the Kentucky Business Investment Program, based on Foxconn’s $173.6 million capital investment.
KEDFA also approved up to $600,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA).
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