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Walker Signs $3B Foxconn Incentives Bill

Deal Largest Ever In US For Foreign Company

By
Walker
Shawn Johnson/WPR

Gov. Scott Walker has signed a $3 billion incentives package designed to bring a Foxconn Technology Group manufacturing plant to southeastern Wisconsin.

Walker signed the bill Monday afternoon during a packed ceremony at a technical college in Sturtevant in Racine County. The county is the most likely location for the plant.

The bill provides nearly $3 billion in cash to Foxconn if it invests $10 billion in a new flat-screen factory in southeastern Wisconsin and employs 13,000 people. It extends $150 million in sales tax exemptions on construction equipment and allows the company to build in wetlands and waterways.

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The package also gives the conservative-leaning state Supreme Court the option to take appeals of circuit court decisions related to the Foxconn project directly rather than having them heard by an intermediate appellate court.

The incentives package is the largest in United States history offered by a state to a foreign corporation. It’s 10 times larger than any previous state incentive in Wisconsin.

The package won bipartisan legislative approval, but critics say Wisconsin is offering too much without enough guarantees if Foxconn doesn’t follow through.

Editor’s Note: This story was updated at 3:15 p.m. Monday, Sept. 18, 2017.

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