Wisconsin is putting new job requirements on an up to $3 billion subsidy package for a Racine County flat-screen plant and drawing a personal guarantee from one of the world’s richest men, under a contract approved Wednesday behind closed doors. The WEDC board approved the deal, 8-2, after protesters shouted at the agency’s directors as they voted to go into a private session.
But the project still requires the approval of $764 million in local incentives for Foxconn and years of work on massive land deals and construction.
In exchange for the up to $3.8 billion in state and local incentives, Foxconn has promised to invest up to $10 billion to create up to 13,000 jobs at the plant. As a manufacturer in Wisconsin, Foxconn will pay little if any taxes on the profits that factory generates.
Wisconsin 3,000 jobs to start, and projected 13,000 Wisconsin workers, a promised investment of $10 billion by Foxconn’s chairman, Terry Gou, factory would be 20 million square feet. The plan is to break ground in 2018 and open in 2020.
Foxconn signed a letter of intent to invest up to $1 billion in Indonesia. It appears that investment still has not occurred.
Foxconn announces a $30 million factory in Harrisburg, Pennsylvania 2013 and hire 500 workers. In 2014, as the Pennsylvania deal was quietly dying, Gou teased the opening of a LCD display factory in the states. His company talked with officials in Colorado and Arizona. Nothing happened.”
Brazil, where Foxconn spoke of a $10 billion plan. Does not appear to have happened.
Vietnam, Foxconn committed to a $5 billion investment in 2007. Does not appear to have happened.
Foxconn does have an office in PA, though (100 S 38th St, Harrisburg, PA 17111 –(Google maps/photo). Pictured above.
8-6-2021 (August 6, 2021) is the Snakiest day of the year and it’s also this year’s CircuitPython Day! The day highlights all things CircuitPython and Python on Hardware. See you there!
Stop breadboarding and soldering – start making immediately! Adafruit’s Circuit Playground is jam-packed with LEDs, sensors, buttons, alligator clip pads and more. Build projects with Circuit Playground in a few minutes with the drag-and-drop MakeCode programming site, learn computer science using the CS Discoveries class on code.org, jump into CircuitPython to learn Python and hardware together, TinyGO, or even use the Arduino IDE. Circuit Playground Express is the newest and best Circuit Playground board, with support for CircuitPython, MakeCode, and Arduino. It has a powerful processor, 10 NeoPixels, mini speaker, InfraRed receive and transmit, two buttons, a switch, 14 alligator clip pads, and lots of sensors: capacitive touch, IR proximity, temperature, light, motion and sound. A whole wide world of electronics and coding is waiting for you, and it fits in the palm of your hand.