Lawrence Tabak on how Wisconsin got Foxconned
In 2017, former Wisconsin Gov. Scott Walker signed a now-infamous deal with Taiwanese electronics giant Foxconn to build a large-screen LCD factory that would, backers claimed at the time, provide 30,000 to 50,000 jobs. It would also need a healthy amount of local funding support. That same year, Walker’s Wisconsin Economic Development Corporation had a $34 million operating budget. Ninety percent of its funds came from taxpayers. Two-thirds of the budget was slotted for salaries and operating expenses...
   ...more

Ken Notes: I hate these articles because they list proposals for support as actual support NOT TRUE. I am not a fan of the Foxconn deal and believe we should have an economic development support program available to ANY new or expanding business based on jobs and guaranteed increase in property values. Using tax credits it becomes a pay as you go program --- no jobs no credits, no value no credits. Actually Foxconn was based on these principals and while we offered way too much up front, the current proposal is more in line what I advocated for in the first place. Report the facts not the promises...



- - Volume: 10 - WEEK: 2 Date: 1/7/2022 10:08:58 AM -