Wisconsin won't break even on Foxconn plant incentives for 25 years

[HAB911]

Wisconsin is not projected to break even on a $3 billion incentive package for a proposed LCD screen plant by Taiwan's Foxconn for at least 25 years, a legislative analysis showed on Tuesday.

Foxconn hopes to open a $10 billion plant in 2020 at a 1,000-acre site in southeastern Wisconsin and state leaders, including Republican Governor Scott Walker, have touted the incentives as a boon because of the jobs that will be created.

Critics have attacked the plan as too expensive and potentially harmful to the environment.

Officials have said Foxconn, formally known as Hon Hai Precision Industry Co., will employ about 1,000 people in the second half of 2017 and employment will grow to 13,000 by 2021.

https://www.cnbc.com/2017/08/09/wisconsin-wont-break-even-on-foxconn-plant-incentives-for-25-years-analysis.html


HAB911: Republican Communism, Socialize the costs, privatize the profits

[CrispyQ]

1. Corporate welfare at it's best!