MOUNT PLEASANT, Wis. (AP) — The Mount Pleasant village board has unanimously approved a historic agreement with Foxconn, the Taiwanese company building a huge flat screen manufacturing campus in the community. The agreement provides $764 million in local incentives for Foxconn which is building a complex that could eventually employ 13,000 people. The factory campus is expected to have at least $1.4 billion in taxable value by 2023.¬†The Journal Sentinel¬†reports local officials say that will generate enough money to pay off the village and county expenses related to the project. Foxconn will provide Mount Pleasant with $60 million up front to begin buying land at the factory site. Construction of the 25 million-square-foot manufacturing complex on 1,200 acres in Racine County is expected to begin next year.

Information from: Milwaukee Journal Sentinel,