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Showing Original Post only (View all)Wisconsin won't break even on Foxconn plant incentives for 25 years [View all]
Source: Reuters
Wisconsin is not projected to break even on a $3 billion incentive package for a proposed LCD screen plant by Taiwan's Foxconn for at least 25 years, a legislative analysis showed on Tuesday.
Foxconn hopes to open a $10 billion plant in 2020 at a 1,000-acre site in southeastern Wisconsin and state leaders, including Republican Governor Scott Walker, have touted the incentives as a boon because of the jobs that will be created.
Critics have attacked the plan as too expensive and potentially harmful to the environment.
Based on estimates from the non-partisan Legislative Fiscal Bureau, Wisconsin will not receive a return on its investment in the project until about 2042. The bureau provides fiscal analysis for the state legislature.
Read more: http://www.reuters.com/article/us-foxconn-wisconsin-idUSKBN1AO2JQ