Menomonie company is one of the first Wisconsin businesses awarded contracts for the Wisconn Valley Science & Technology Park’s Multipurpose Building
MENOMONIE, WI. SEPT. 12, 2018 – Wisconsin Economic Development Corporation (WEDC) Secretary Mark R. Hogan and Wisconsin Department of Administration (DOA) Secretary Ellen Nowak highlighted the statewide reach and benefits of Foxconn’s $10 billion investment in Wisconsin today by visiting Red Cedar Steel Erectors Inc. in Menomonie.
Red Cedar is one of the first contractors to be awarded work for the construction of a Multipurpose Building in Phase 1 of Area 1 of the Wisconn Valley Science & Technology Park in Mount Pleasant. The Dunn County company will erect the steel on the building, which is now under construction.
“Work on Foxconn’s advanced manufacturing campus began just a few months ago and we are already seeing the ripple effects of this project throughout the state,” Secretary Hogan said. “Red Cedar Steel Erectors is one of 150 companies in 26 counties that are benefiting from Foxconn’s investment in our state. I congratulate the company for being a part of this historic project and I look forward to the family-supporting jobs this project will create.”
“In just the early stages of excavation and construction of the first building, we are seeing the far-reaching impact that Foxconn’s investment in Wisconsin has throughout the entire state,” said Secretary Nowak. “We are excited for companies like Red Cedar to participate in this historic project, as well as the good-paying, family-supporting jobs that are being created.”
“Red Cedar Steel Erectors is proud to be among the first companies in Wisconsin to have been awarded a contract for the largest economic development project in state history,” said Pete Hayes, company president. “We were honored to host the two cabinet secretaries today and thank them for recognizing our company and employees for their role in constructing the Wisconn Valley Science & Technology Park.”
Founded in 1977, Red Cedar is one of the country’s leading providers of steel erection services and has done work for clients all over the Southwest and Midwest. The company has about 180 employees, including 90 in Wisconsin. The company has facilities in Milwaukee, Phoenix and Kanas City, MO. Red Cedar specializes in complex public, industrial and commercial projects that require a high level of expertise in steel erection and estimating.
In just the initial phase of construction and infrastructure improvements, 154 Wisconsin companies from 68 communities and 26 counties have been awarded work related to development of the Wisconn Valley Science & Technology Park. In keeping with Foxconn’s “Wisconsin First” approach, more than 90 percent of all contracts awarded so far have gone to Wisconsin companies.
Foxconn’s advanced manufacturing campus in Mount Pleasant is expected to create up to 13,000 jobs, in addition to thousands of construction jobs. Once the Wisconn Valley Science & Technology Park is fully operational, Foxconn is expected to make $4.26 billion in supplier purchases annually, with roughly one-third being sourced from Wisconsin. The project is expected to have at least a $7 billion annual economic impact on the state and generate between $116 million and $157 million in state tax revenue annually once fully operational.