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Vos: Foxconn Deal Will Be Good For Taxpayers

Democratic Sen. Tim Carpenter Says Contract Will Protect Taxpayers

Foxconn podium
David Cole/WPR

Wisconsin Assembly Speaker Robin Vos says state economic development officials are continuing to make changes to a $3 billion contract with display screen manufacturer Foxconn Technology Group to get the best possible deal for taxpayers.

Vos commented on the Foxconn deal Tuesday, a day after the contract was distributed to members of the Wisconsin Economic Development Corp. The board was set to vote on terms of the deal Wednesday, and Gov. Scott Walker has said the contract should be signed by the end of the week.

WEDC board member Democratic Sen. Tim Carpenter of Milwaukee said Tuesday the latest version of the contract will protect taxpayers. Carpenter said he’s now satisfied taxpayers are protected in the incentives contract for the flat-screen plant in Mount Pleasant.

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Carpenter said he has seen the contract and the language has been revised to “defuse the nuclear bomb.”

Vos said he supports keeping the details of the contract secret and trusts that the board will negotiate the best possible deal.

The board delayed a vote on the contract last month after WEDC officials alerted board members of an unspecified problem. Carpenter warned that taxpayer funds could be exposed if Foxconn doesn’t fulfill the deal.

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