Wisconsin’s $4.1 billion Foxconn boondoggle

Wisconsin’s $4.1 billion Foxconn boondoggle

12/5/2018

link

https://www.theverge.com/2018/10/29/18027032/foxconn-wisconsin-plant-jobs-deal-subsidy-governor-scott-walker

summary

This article discusses the controversial deal between Foxconn and the state of Wisconsin to build a manufacturing plant. The deal, originally touted as a major job creator for the state, has faced numerous setbacks and criticisms. The article highlights how the promised job numbers have been significantly reduced, raising doubts about the economic benefits of the project. It also analyzes the substantial subsidies and incentives offered to Foxconn by the state, leading to debates over whether the investment is worth the taxpayer money. The article provides a critical examination of the Foxconn-Wisconsin deal and its implications for both the local economy and government policies.

tags

foxconn ꞏ wisconsin ꞏ manufacturing ꞏ jobs ꞏ economic development ꞏ subsidies ꞏ tax incentives ꞏ foreign investment ꞏ technology ꞏ electronics ꞏ employment ꞏ labor market ꞏ economic impact ꞏ infrastructure ꞏ trade ꞏ politics ꞏ government ꞏ scott walker ꞏ corporate incentives ꞏ job creation ꞏ economic growth ꞏ supply chain ꞏ manufacturing industry ꞏ investment incentives ꞏ economic policy ꞏ local economy ꞏ job market ꞏ political controversy ꞏ economic incentives ꞏ business ꞏ industry ꞏ public-private partnership ꞏ economic revitalization ꞏ job opportunities ꞏ economic stimulus ꞏ industrial development ꞏ job recruitment ꞏ economic investment ꞏ job prospects ꞏ local community ꞏ economic progress ꞏ economic benefits ꞏ political decision-making ꞏ economic planning ꞏ economic strategy ꞏ economic evaluation ꞏ labor force ꞏ economic competitiveness