Wisconsin’s three-billion dollar investment in Foxconn will be finalized tomorrow (Friday), after the state’s Economic Development Corporation gave its final approval to the deal. It calls for new and larger commitments by Foxconn for creating jobs at its L-C-D screen plant in Racine County — and if they fall short, chairman Terry Gou promised to pay at least 500-million dollars to the state. The W-E-D-C Board voted 8-2 Wednesday in favor of the subsidy package, with no votes from Senate Democrat Tim Carpenter of Milwaukee and Assembly Democrat and gubernatorial candidate Dana Wachs of Eau Claire who said the taxpayer commitments should have gone to a variety of small startups. Protesters shouted as the panel was going into a closed session. Walker, Foxconn founder Terry Gou, and U-S House Speaker Paul Ryan of Janesville will be at a ceremony in Racine tomorrow (Friday) where the state’s final contract will be signed.
Final Foxconn Contract To Be Signed After WEDC OKs It
Nov 9, 2017 | 9:49 AM
State News