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After Meeting Trump, SoftBank Will Create 50,000 U.S. Jobs

President-elect Donald Trump is already making good on his campaign pledge to get America working again. Trump negotiated a deal with the founder of SoftBank, Masayoshi Son, that would invest $50 billion and create an estimated 50,000 jobs in the United States.

According to The New York Times:

The brash and outspoken founder of SoftBank, Masayoshi Son, has long been known for his outsize ambitions, from taking on the United States’ biggest telephone companies to creating a $100 billion fund for technology deals. On Tuesday, Mr. Son, a Japanese mogul, struck another big pledge after meeting with President ­elect Donald J. Trump: to invest $50 billion in the United States, a move that he said would create some 50,000 jobs.

But the $50 billion investment pledge is not an entirely new initiative that SoftBank is undertaking. Instead, the money is projected to come from the Japanese company’s previously announced Vision fund, a $100 billion vehicle for investing in technology companies worldwide.

… In speaking with reporters alongside Mr. Trump on Tuesday, Mr. Son clutched what appeared to be a presentation from the meeting. One page featured the logos of both SoftBank and Foxconn, the Taiwanese manufacturing giant that makes parts for the iPhone. On the page — and circled — was the text committing to investing $50 billion in the United States and generating 50,000 jobs over the next four years.

Below it appeared to be Mr. Son’s signature.

Deneen Borelli

Deneen Borelli is the author of Blacklash: How Obama and the Left are Driving Americans to the Government Plantation. Deneen is a contributor with Newsmax Broadcasting. She is a former Fox News contributor and has appeared regularly on “Hannity,” “Fox & Friends,” “Your World with Neil Cavuto,” and “America’s Newsroom.” She has also appeared on Fox Business Network programs “Making Money with Charles Payne,” “The Evening Edit with Liz MacDonald,” and “Cavuto: Coast to Coast.” Previously, Deneen appeared on MSNBC, CNN, the BBC and C-SPAN. In addition to television, Deneen co-hosted radio programs on the SiriusXM Patriot channel with her husband Tom. Recently, Deneen co-hosted the Reigniting Liberty podcast with Tom. Deneen is a frequent speaker at political events, including the FreedomWorks 9.12.2009 March on D.C. which drew a crowd estimated at over 800,000 people. Deneen is also an Ambassador with CloutHub.com, a social media platform that promotes free speech, and with the America First Policy Institute (AFPI) which advances policies that put Americans first. Deneen testified before the U.S. House of Representatives Committee on Natural Resources in May 2011 and before the Ohio House Public Utilities Committee in December 2011. Previously, Deneen was a BlazeTV.com host, Outreach Director with FreedomWorks.org overseeing its Empower.org outreach program, a Project 21 Senior Fellow, and Manager of Media Relations with the Congress of Racial Equality (CORE). Prior to joining CORE, Deneen worked at Philip Morris USA for 20 years. During her corporate career at Philip Morris she worked in various positions, her last as Project Management Coordinator in the Information Management department where she was responsible for the department’s mandated quality processes, communications, sales information and database management. Deneen began her Philip Morris career as a secretary and advanced to positions of increasing responsibilities. Deneen worked full-time and attended classes at night for 11 years to earn her B.A. in Managerial Marketing from Pace University, New York City. Deneen served on the Board of Trustees with The Opportunity Charter School in Harlem, New York. She appeared in educational videos for children, worked as a runway fashion model, and auditioned for television commercials. Her interests include ancient history, pistol target shooting, photography, and volunteering at her church. Deneen currently resides in Connecticut with her husband Tom.

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