Kentucky State Seal

 

*OFFICE OF GOVERNOR ANDY BESHEAR*

*COMMONWEALTH OF KENTUCKY*








*FOR IMMEDIATE RELEASE*




*Contact:* 

*Scottie Ellis
502-401-6933*

*Brandon Mattingly
502-782-2006*






Gov. Beshear: Foxconn Technology USA Corp. To Invest $173 Million for New Manufacturing Operation in Louisville, Creating 180 Jobs

"""""""""""""""""Project will be Taiwan-based company’s first U.S. manufacturing operation"""""""""""""""""

*FRANKFORT, Ky. (Dec. 9, 2025) *– Today, Gov. Andy Beshear announced even more job creation within the state’s advanced manufacturing sector as Foxconn Technology USA Corp. (FTC USA), the American subsidiary of Taiwan-listed Foxconn Technology Co. Ltd., will locate its first U.S. manufacturing operation in Louisville with a $173 million investment that will create 180 new Kentucky jobs.

“Kentucky’s long, successful history of working with international companies has led to billions in economic investment and countless job opportunities over the years,” said *Gov. Beshear*. “I want to thank FTC USA’s leadership for trusting in Kentucky to locate their first operation in the United States and for creating 180 new opportunities for our people. Together, we’ll see years of success in your New Kentucky Home.”

In response to changes in the global supply chain and opportunities within the international advanced manufacturing market, FTC USA is set to launch its next strategic initiative to establish the company’s first U.S. manufacturing facility. The project will include a state-of-the-art production system at the facility, incorporating artificial intelligence, Internet of Things (IoT) and cutting-edge computing technologies for digitally driven operations. The new facility is expected to become operational in the third quarter of 2026.

“The United States has long been Taiwan’s most important business partner, providing invaluable support not only in technological innovation and transfer and capital investment, but also in opening broad market channels for Taiwanese enterprises, bringing long-term stable economic growth to Taiwan.” said *Ben Liaw, CEO of FTC USA*. “Many members of FTC USA’s management team and workforce have previously studied or gained business experience in the United States, and these valuable experiences have provided essential nourishment for their professional growth and FTC’s development. The decision to establish manufacturing facilities and factories in the United States demonstrates our commitment to continuing bilateral, friendly relations and reflects our focus on long-term talent development and AI manufacturing technology advancement opportunities. We aim to create a mutually beneficial win-win situation and establish a solid foundation for sustainable growth.”

Foxconn Technology Co. is an independent listed company, headquartered in New Taipei City, Taiwan. The company is a global leader in precision parts manufacturing and electronic product assembly. The company specializes in delivering high-quality components and fully assembled products to industries ranging from consumer electronics to industrial applications.

*Louisville Mayor Craig Greenberg* is excited to welcome the company to the community: “Louisville continues to show the world that we’re America’s leader when it comes to the future of manufacturing. This announcement is the result of strong collaboration across state and local partners. We’re proud to welcome FTC USA to Louisville and know this company will bring good-paying jobs to our community and opportunities for future growth. Louisville has momentum, and you can feel it with the recent economic development announcements in our city. The word is getting out that we are the best place to do business.”

*Louisville Economic Development Alliance CEO Trevor Pawl *noted the positive impact the project will bring to the region: “When a company like FTC USA chooses Louisville, it sends a powerful message: We’re not just open for business; we’re building the future of it. This project brings advanced technologies like AI and automation into a community that’s already prepared to lead in this space. It’s a win for our workers, our economy and the future of American industry, and we’re excited to partner with FTC USA and the Kentucky Cabinet for Economic Development on this transformative investment.”

*LG&E and KU President John R. Crockett III *highlighted the power of strong partnerships and collaboration: “This is an exciting time here in Louisville and for Kentucky as the interest in locating new and expanding businesses continues to grow. We’re thrilled to welcome FTC USA. It’s another great example of how strong partnerships and affordable, reliable energy are helping fuel Kentucky’s economic momentum. We’re proud to power growth and opportunity in every community we serve.”

FTC USA’s investment and job creation build on the best five-year period for economic growth in state history.

Since the beginning of his administration, Gov. Beshear has announced more than 1,200 private-sector new-location and expansion projects totaling over $43 billion in announced investments, creating more than 65,500 jobs. This is the highest investment figure secured during the tenure of any governor in the commonwealth’s history and $20 billion more than the next highest total.

The robust job creation has been accompanied by rising wages across the commonwealth. Since 2022, the average incentivized hourly wage has topped $26 in three consecutive years for the first time.

Gov. Beshear has announced some of the largest economic development projects in state history, which have solidified Kentucky as the electric vehicle battery production capital of the United States: Ford Motor Co. and SK On’s transformative $5.8 billion, 5,000-job BlueOval SK Battery Park [ [link removed] ] in Hardin County; AESC [ [link removed] ]’s $2 billion, 2,000-job gigafactory project in Warren County; Toyota [ [link removed] ]’s $1.3 billion investment in Scott County; Ford Motor Co. [ [link removed] ]’s $2 billion, 2,200-job commitment in Louisville; and Shelbyville Battery Manufacturing [ [link removed] ]’s $712 million investment, creating 1,572 jobs in Shelby County, among others.

The Governor’s administration also secured [ [link removed] ] the largest General Fund budget surplus and Rainy Day Fund. In 2023, Kentucky recorded over 2 million jobs filled for the first time ever and has stayed above that number ever since.

Kentucky also secured rating increases from major credit rating agencies Fitch Ratings [ [link removed] ], S&P Global Ratings [ [link removed] ] and Moody’s Investors Service [ [link removed] ].

Earlier this year, Site Selection magazine ranked [ [link removed] ] Kentucky in the top five nationally and second in the South Central region for economic development projects per capita in its 2024 Governor’s Cup rankings. Site Selection also placed [ [link removed]. ] Kentucky second in the South Central region and No. 6 nationally in its 2025 Prosperity Cup ranking, which recognizes state-level economic development agencies for their success in landing capital investment projects.

Gov. Beshear also announced [ [link removed] ] a new initiative, called New Kentucky Home [ [link removed] ], to increase economic investment, attain and attract talent, and increase tourism across the state.

To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in May 2025 [ [link removed] ] preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $3.4 million in tax incentives based on the company’s investment of $173.6 million and annual targets of:


* Creation and maintenance of 180 Kentucky-resident, full-time jobs across 10 years; and
* Paying an average hourly wage of $38.61, including benefits, across those jobs.

Additionally, KEDFA approved Foxconn for up to $600,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing.

By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.

In addition, the company can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.

For more information on FTC USA, visit foxconntech.com.tw [ [link removed] ].

A detailed community profile for Jefferson County can be viewed here. [ [link removed] ]

Information on Kentucky’s economic development efforts and programs is available at "NewKentuckyHome.ky.gov" [ [link removed] ]. Fans of the Cabinet for Economic Development can also join the discussion at "facebook.com/CEDkygov" [ [link removed] ]", on Twitter ""@CEDkygov" [ [link removed] ]", Instagram ""@CEDkygov" [ [link removed] ]" and ""LinkedIn" [ [link removed] ].

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