Foxconn gamble shrouded in secrecy
Democrats urge transparency in Foxconn deal
Foxconn chairman Terry Gou and Governor Scott Walker signing a memorandum of understanding. Photo by Jeramey Jannene.
MADISON, WI – Democrats on the Joint Finance Committee sent a letter requesting Wisconsin Economic Development Corporation Secretary (WEDC) Mark Hogan submit the pending Foxconn contract to the budget committee for approval. After years of corruption and mismanagement at the WEDC, Democrats have serious concerns that the troubled jobs agency isn’t acting in the best interest for Wisconsin taxpayers. The proposal is the largest state taxpayer giveaway to a foreign corporation in U.S. history and taxpayers could be liable for more than $3 billion.
“Gov. Walker and Legislative Republicans are committing state taxpayers to $3 billion in corporate subsidies while taking money away from classrooms, roads and health care for decades,” said Senate Democratic Leader Jennifer Shilling (D-La Crosse). “The lack of transparency throughout this process shows there is a higher risk to taxpayers and communities than Gov. Walker and Republican lawmakers are willing to admit. Given Foxconn’s concerning track record, we need more openness and transparency from Gov. Walker’s administration before committing families to years of economic costs and liabilities.”
With the high unpredictability in the electronics industry, workforce shortage issues and the company’s stated desire to automate its manufacturing operation, it is unclear how many of the promised jobs will materialize. Numerous media outlets have highlighted a pattern of Foxconn’s broken promises on economic development. The Washington Post detailed a series of “splashy jobs announcements” from Foxconn that promised thousands of jobs and billions in investments that never quite materialized in Pennsylvania, Indonesia, India, Vietnam and Brazil.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. It has not been verified for its accuracy or completeness.
More about the Foxconn Facility
- Foxconn Will Get State Subsidy For 2022 - Joe Schulz - Dec 11th, 2023
- Mount Pleasant Approves Microsoft Deal on Foxconn Land - Evan Casey - Nov 28th, 2023
- Mount Pleasant Deal With Microsoft Has No Public Subsidies - Evan Casey - Nov 14th, 2023
- Microsoft, State Announce Massive Data Center Expansion, Land Purchase - Joe Schulz - Nov 11th, 2023
- Gov. Evers Announces Microsoft Makes Major Investment in Wisconsin - Gov. Tony Evers - Nov 10th, 2023
- State Can’t Regulate We Energies $100 Million Project for Microsoft - Joe Schulz - Sep 20th, 2023
- Foxconn Selling Green Bay, Eau Claire ‘Centers’ - Joe Schulz - Aug 16th, 2023
- Murphy’s Law: Foxconn Deal Is Still Costing Taxpayers - Bruce Murphy - Jul 6th, 2023
- Microsoft Will Pay $50 Million For Mount Pleasant Data Center Site - Evan Casey - Apr 20th, 2023
- Microsoft Data Center Proposed for Foxconn Land - Evan Casey - Mar 29th, 2023
Read more about Foxconn Facility here
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