Walker To Sign $3 Billion Incentive Package For Foxconn

Governor Scott Walker will sign the three-billion dollar Foxconn incentive package into law this (Monday) afternoon. He’ll hold a ceremony at Gateway Technical College in Sturtevant, close to where the nation’s first factory for smartphone and T-V flat screens is expected to be built. The Taiwanese Foxconn is reportedly in the final stages of negotiating with Racine County in a region the Republican Walker has dubbed as “Wisconn Valley” — which he views as an eventual comparison to Silicon Valley in California. The plant could create up to 13-thousand jobs, and some reports call the taxpayers’ investment in Foxconn the largest of its kind for a foreign company in U-S history. Foxconn will get tax breaks and exemptions from environmental laws — and the package includes borrowing for a stalled expansion of Interstate 94 near the plant, plus special legal considerations in which circuit court rulings involving Foxconn can bypass mid level appellate courts and go directly to the State Supreme Court.