Newspaper article St Louis Post-Dispatch (MO)

Wisconsin Legislature Approves $3 Billion Incentive for Foxconn

Newspaper article St Louis Post-Dispatch (MO)

Wisconsin Legislature Approves $3 Billion Incentive for Foxconn

Article excerpt

MADISON, Wis. * The Wisconsin Assembly sent a $3 billion incentive package for Taiwan-based Foxconn to Gov. Scott Walker on Thursday, signing off on a deal to lure the electronics giant to the state with the biggest subsidy to a foreign company in U.S. history.

The bill approved on a bipartisan 64-31 vote would make $2.85 billion available to Foxconn Technology Group in cash payments if it invests $10 billion and hires 13,000 workers. The Senate approved the proposal Tuesday.

The Republican governor was in South Korea on a trade mission at the time of the vote but pledged to sign the incentives package into law soon.

Walker, who negotiated the deal and is its lead champion, joined President Donald Trump in announcing Foxconn's plans to build in Wisconsin at a White House event in July, heralding it as a game-changer for American manufacturing. …

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