The largest business investment in Wisconsin history has been signed, sealed and — at this point — delivered. U-S House Speaker Paul Ryan and about 300 leaders gathered in Racine Friday to watch Governor Scott Walker and Foxconn founder Terry Gou sign a final contract. The Taiwanese technology giant will build a 10-billion dollar L-C-D screen plant in Mount Pleasant — the first of its kind in the U-S. State taxpayers are committed to spending to almost three-billion dollars in job creating tax breaks, utility and road amenities, relaxed environmental restrictions, and more. Gou was given a “Foxconn” license plate and a hat that says “Wisconn Valley” — and if his company does not meet job creating benchmarks, Gou has promised to pay up to 500-million dollars to make the taxpayers financially whole.
Foxconn Deal Signed, Sealed
Nov 13, 2017 | 4:31 PM
State News