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Title    Wisconsin Lawmakers Vote to Provide up to $3B in Subsidies to Foxconn.
Date    Saturday August 19 2017, @11:52PM
Author    martyb
Topic   
from the Politics dept.
https://soylentnews.org/article.pl?sid=17/08/19/2031255

Whoever writes:

The lawmakers in Wisconsin voted in favor of an incentives package worth up to $3B for Foxconn. The total value of the package depends on the number of jobs that Foxconn creates in the state, so, effectively, the state is paying about $500,000 for each new job.

Most of the incentive is in the form of cash payments from the state to Foxconn, not just tax waivers. The cost to the residents of the state is about $1,200 per household.

Original Submission

Links
  1. "Whoever" - https://soylentnews.org/~Whoever/
  2. "voted" - https://arstechnica.com/tech-policy/2017/08/wisconsin-lawmakers-vote-to-pay-foxconn-3-billion-to-get-new-factory/
  3. "favor" - https://www.reuters.com/article/us-foxconn-wisconsin-idUSKCN1AX101
  4. "Original Submission" - https://soylentnews.org/submit.pl?op=viewsub&subid=21857
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printed from SoylentNews, Wisconsin Lawmakers Vote to Provide up to $3B in Subsidies to Foxconn. on 2024-04-23 12:11:30