Walker says Foxconn incentives tied to new jobs

Walker says Foxconn incentives tied to new jobs

Walker says Foxconn incentives tied to new jobs

Seven states had competed for the plant. Other states vying for the plant were Michigan, Illinois, Indiana, Ohio, Pennsylvania and Texas.

The announcement Wednesday comes at a critical juncture for a Trump administration that pledged to generate manufacturing jobs but has struggled to deliver results as quickly as the president promised.

"We're six months into the Trump presidency and not much has happened, and presumably that's because the CEOs of these companies have some influence at the White House", Rose said. "In other words, if I didn't get elected, he definitely wouldn't be spending $10 billion dollars", Trump said. He said due to changes in Pennsylvania's state leadership, the company did not move forward to create the factory. The state's entire tax incentive package would hit $3 billion in that scenario, not counting any local incentives.

The incentives would only be awarded if Foxconn creates the jobs and pays an average yearly wage of almost $54,000.

"To have this open and begin to be operational by 2020, we need to start now".

"We will be the first place in the world outside of countries in Asia to build, to manufacture, LCD displays, which are used not only in entertainment, but this new 8K technology we were talking about, going to be state-of-the-art in terms of entertainment, but in health care, in automation - or automobile - and aviation".

The plant will be in House Speaker Paul Ryan's district, and represents a big win for the Republican leader. The campus could create 13,000 new jobs in the state. The company noted in a statement that having the Wisconsin factory would help it better serve the major US technology companies that are its clients.

Critics have also cautioned that Foxconn has made promises before to invest in the USA and not followed through.

The Canadian Broadcast Corporation (CBC) pointed out that Foxconn has made promises to invest in the USA in past that fell through, writing, "Foxconn promised in 2013, for example, to invest $30 million and hire 500 workers for a new, high-tech factory in Pennsylvania that was never built".

The Wisconsin Legislature must approve the deal in a special session expected in August. They include up to $1.5 billion in income tax credits for job creation, $1.35 billion in income tax credits for capital investment and up to $150 million in a sales tax exemption for the purchase of construction materials. Senator Chris Larson says he wants to make sure a package that big goes to a company that shares Wisconsin's values - like education, the environment and well paying jobs.

Wisconsin Gov. Scott Walker met multiple times with Foxconn Chairman Terry Gou - including a June trip to Osaka, Japan where Foxconn owns a a large LCD panel factory similar to the one it has agreed to build south of Milwaukee, according to an in-depth account written in the Milwaukee Journal-Sentinal.

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