Zero Hedge – by Tyler Durden
Back in the summer of 2017, to much fanfare President Donald Trump announced that Taiwanese electronics giant Foxconn, best known for making the iPhone, would build a new plant producing LCD panels in Wisconsin that will bring thousands of jobs to the state.
On the surface it was great deal: in what’s being called the “largest economic development project in state history”, Foxconn said it would build a $10 billion plant that will eventually employ as many as 13,000 people, according to the White House and Gov. Scott Walker. To be sure, it was a quid pro quo: to help lure the manufacturer, the state pledged $3 billion in tax and other “performance-based” incentives and local authorities added $764 million. Foxconn must meet hiring, wage and investment targets by various dates to receive most of those benefits. Continue reading “Foxconn May Bring Chinese Workers To Its New Wisconsin Facility”