More on the foxconn scam... Inside Wisconsin’s Disastrous $4.5 Billion Deal With Foxconn A huge tax break was supposed to create a manufacturing paradise, but interviews with 49 people familiar with the project depict a chaotic operation unlikely to ever employ 13,000 workers. https://www.bloomberg.com/news/feat...in-s-disastrous-4-5-billion-deal-with-foxconn
Long article, but a very detailed reporting of what can be best described as "buying a pig in a poke". WI citizens and taxpayers appear to have been hoodwinked and their ex-governor and president helped... FOXCONN IS CONFUSING THE HELL OUT OF WISCONSIN Last summer, Foxconn announced a barrage of new projects in Wisconsin — so we went looking for them https://www.theverge.com/2019/4/10/...ory-innovation-centers-technology-hub-no-news
The saga continues... SHOWDOWN IN WISCONN VALLEY Why won’t Foxconn tell Wisconsin what it’s building? The Verge By Josh Dzieza@joshdzieza Dec 13, 2019, 2:55pm EST Whatever Foxconn is building in Wisconsin, it’s not the $10 billion, 22 million-square-foot Generation 10.5 LCD factory that President Trump once promised would be the “eighth wonder of the world.” At various points over the last two years, the Taiwanese tech manufacturer has said it would build a smaller LCD factory; that it wouldn’t build a factory at all; that it would build an LCD factory; that the company could make any number of things, from screens for cars to server racks to robot coffee kiosks; and so on. Throughout these changes, one question has loomed: given that Foxconn is building something completely different than that Gen 10.5 LCD facility specified in its original contract with Wisconsin, is it still going to get the record-breaking $4.5 billion in taxpayer subsidies? Documents obtained by The Verge show that Wisconsin officials have repeatedly — and with growing urgency — warned Foxconn that its current project has veered far from what was described in the original deal and that the contract must be amended if the company is to receive subsidies. Foxconn, however, has declined to amend the contract, and it indicated that it nevertheless intends to apply for tax credits. Foxconn has “refused by inaction” to amend the deal, says Wisconsin Department of Administration Secretary Joel Brennan. “They were continuously encouraged. It’s a relatively recent development, where they have said, ‘No, we don’t want to do anything with the contract.’ Our expectation has been, and continues to be, that they should want to come back and have discussions about this.” The documents show it was Foxconn that first proposed amending the contract in a meeting on March 11th, 2019. Over the following months, various officials from the Wisconsin Economic Development Corporation (WEDC) and Gov. Tony Evers’ administration urged Foxconn to formally apply to revise its contract to reflect whatever it is actually building, a process that would involve describing Foxconn’s current plans, its expected costs, employment, and other basic details. Foxconn never did. Instead, a Foxconn representative wrote a brief letter asking the then-CEO of WEDC to make the current factory eligible for subsidies under the original contract. The company later claimed it has a right to apply for subsidies no matter what it builds in Wisconsin. Negotiations appear to have completely broken down in late November, after Foxconn director of US strategic initiatives Alan Yeung accused the Evers administration of being unfriendly to business, and saying that “discussions regarding immaterial matters are a misappropriation of our collective time and energy.” Continued . . .
Obv they gave them dump trucks of money because it has Fox and Con in the name. Gotta trust yer gut on these big decisions.
LOL... remember that great deal trump and walker worked out to get foxconn to build a plant in WI? LOL... as with all trump's great deals, as long as he gets to take credit for something for a day, the deal always fall through... Wisconsin denies Foxconn tax subsidies after contract negotiations fail Foxconn isn’t building what it promised and failed to hire enough people https://www.theverge.com/2020/10/12/21512638/wisconsin-foxconn-tax-subsidies-lcd-factory-rejected
