President Biden Announces $3.3 Billion Investment in Racine, Wisconsin,

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President Biden is making good on his promise to invest in communities that have been historically overlooked or failed by previous administrations. Today, he announced a $3.3 billion investment by Microsoft to build a new artificial intelligence (AI) datacenter in Racine, Wisconsin. This investment aims to drive economic comebacks and create job opportunities for the residents of Racine.

The datacenter will be constructed on the same land that was once supposed to host a $10 billion investment by Foxconn, which failed to materialize. The new AI datacenter, powered by Microsoft, will create 2,300 union construction jobs and 2,000 permanent jobs over time. Additionally, Microsoft will provide skilling opportunities for thousands of Wisconsinites in the digital economy.

President Biden’s Investing in America agenda focuses on growing the economy from the middle-out and bottom-up, attracting private sector investments in industries of the future such as AI, clean energy, and semiconductors. This approach aims to bring innovation hubs to every corner of the country and create long-lasting impacts on communities and families.

The investment in Racine holds significant importance as the city has faced economic challenges in recent years. Manufacturing, once a major employer in Racine, declined due to trickle-down economics and the loss of jobs overseas. The failed Foxconn investment further exacerbated the situation, leaving behind Wisconsin residents and workers. However, since President Biden took office, nearly 4,000 jobs have been added in Racine, with a third of them in manufacturing.

Microsoft’s investment in the AI datacenter will not only provide job opportunities but also contribute to building an AI ecosystem in Wisconsin. The company plans to partner with Gateway Technical College to develop a Datacenter Academy, training 1,000 Wisconsinites for datacenter and STEM roles by 2030. Moreover, Microsoft will build a Co-Innovation Lab and collaborate with the startup accelerator Gener8tor to train 1,000 business leaders in AI adoption.

President Biden’s broader agenda aims to invest in industries of the future and American workers across the country. These investments have already attracted $866 billion in private sector investments in clean energy and manufacturing. The president’s focus on lowering costs for working families in Racine and Wisconsin is also a key aspect of his agenda.

With this significant investment in Racine and the broader Investing in America agenda, President Biden is driving economic comebacks and paving the way for a brighter future for communities across the country.

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