© foxconn Electronics Production | September 13, 2017

Wisconsin Senate approves the ‘Foxconn bill’

The Wisconsin State Senate voted to approved nearly USD 3 billion in incentives for Foxconn Technology Group.
State Senator David Craig, who voted in favor of the so called Foxconn bill, said in a press release that the legislation is a package that will help bring the Foxconn Technology Group to Southeast Wisconsin, and along with it, an estimated 13’000 jobs, USD 10 billion in private investment, and USD 7 billion in annual economic impact on the Wisconsin economy.

“Southeast Wisconsin will see tremendous, unprecedented economic benefits from this once-in-century investment in our state and our workforce. The economic ripple effect on local communities and the rest of the state will be massive,” said Senator Craig.

The taiwanese EMS-provider would initially employ 3’000 people, but has previously stated that this number could grow to 13’000. The proposed subsidy will now head to the state Assembly for a final vote Thursday


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August 20 2018 3:56 pm V10.1.0-1