Lots of people working overtime here. Many small construction companies getting a taste of that big project money, along with the big project headaches.
Just hope it's not another Solyndra.
The state of Wisconsin would have to pay a subsidy to Foxconn of up to $250 million each year for fifteen years. An analysis by the Wisconsin State Legislature's nonpartisan budget office determined that state taxpayers would recoup their investment in 2043. In return, the deal would return an estimated $181 million each year. This loss, according to economics professor Michael Hicks, amounts to a payment of $1,200 from each household to Foxconn. Foxconn would also be exempt from an environmental impact statement and be able to avoid several other environmental protection rules that other companies must comply with.
It isn't clear if the loss represents a $1,200.00/household/annum or if it is $1,200.00/household total. The first would be a crappy deal, the second not so much.
Last edited by HPL; 06-10-2018 at 11:31 AM.
Any doctrine that weakens personal responsibility for judgment and for action helps create the attitudes that welcome and support the totalitarian state.
Associate yourself with men of good quality if you esteem your own reputation; for 'tis better to be alone than in bad company.
Gig'em Aggies!! BTCO'77HOO t.u.!!
In less than an hour there were skeptics to your "Great win for America and Wisconsin" ....promise delivered by the Brilliant Scott Walker and the"ART OF THE DEAL" Stable Genius Donald Trump
You criticized those skeptical naysayers.
SO how about give us an update on how that "Great win for America and Wisconsin".... is coming along.
That ought to put those negative naysayers back in their place.
The devil's in the details...... regards
I see a win for Foxconn and a loss for the taxpayers.
"The agreement represents an opportunity as well as a risk for Wisconsin — state lawmakers must now consider a subsidy package nearly 50 times bigger than the state's previous record."
Sound like something only a democrat could love.
"I'm thankful someone stood up to him, even if it was a woman." Franco 10/18/19
i would think the legislators from WI went into this with their eyes shut but without evil intentions.
Legislators should be restricted from giving gifts to any entity regardless of the cover provided.
In WA the billionaires have milked a no Sales Tax gimmick to expand exponentially while the little
folks have to pay full bore for their expansions. Fairness it is not!
Everyone's friend is No One's friend
Someday your life will flash before your eyes. It's your responsibility to make sure it's worth watching!
Skills can be taught. Character is either there or it's not!
Usually tax concessions are granted only if employment requirements or hurdles are met. I don't know what Wisconsin did but it have been unwise to give away a total tax incentive policy against no documented requirements, I doubt they did that. The state and locals probably met some infrastructure requirements that do have taxpayer cost, but these we're probably a small percentage of the overall incentive package and likely things that needed doing any way from an infrastructure perspective.
Again, I Have no idea what they did but that's what you usually see?
cornbread and ice tea 's took the place of pills and 90 proof
Pretty much. A little bit of controversy being that they are contemplating changing what they are planing to manufacture, dependent on other manufactures coming into the immediate area where foxcon is located. There is also a possible shift in play to make a wider range of products that are affected by the tariffs, big surprise. In the meantime they have also been busy buying/leasing office space across the state and want to buy or build a massive distribution hub at the local airport.. This deal has a few other high tech manufactures taking a glance at WI. Hopefully the new governor dose not run them off...