Foxconn Deal Proving Lucrative … For Donors to Gov. Walker’s Campaign
Companies Whose Owners and Families Have Given $359,000 Land No-Bid Contracts for $4.5 Billion Taxpayer Subsidized Foxconn Project
MADISON, Wis. — According to state campaign finance records, today’s announcement by Foxconn general contractor M+W Gilbane of subcontractors for their work on the $4.5 billion Wisconsin taxpayer subsidized project will be lucrative, for donors to Gov. Scott Walker’s campaign.
“Gov. Walker uses our state tax dollars to help the people who donate to his campaigns,” said One Wisconsin Now Executive Director Scot Ross. “And it looks like Foxconn and their general contractor are using the same playbook, rewarding donors who have made huge campaign donations to Gov. Walker with no-bid contracts.”
An initial review by One Wisconsin Now of the political donations of the owners and their families of businesses revealed today by the Rhode Island based general contractor Gilbane shows they have flooded Gov. Walker’s campaign coffers with at least $359,000.
Ross noted Walker has used taxpayer funds to reward donors in the past. According to research by One Wisconsin Institute, the Walker administration’s Wisconsin Economic Development Corporation (WEDC) doled out over 60 percent of awards to businesses whose owners and employees donated over $2.1 million to Gov. Walker’s campaigns.
The Foxconn project is the largest state subsidy to a foreign corporation in history. In total, Wisconsin taxpayers could be on the hook for at least $4.5 billion in state and local subsidies, taking funds directly out of important priorities like public schools, highways and public safety. There are no guarantees that Wisconsin tax dollars will go to support Wisconsin jobs and the earliest the deal may pay back the money it has gotten is 2042.
One Wisconsin Now is a statewide communications network specializing in effective earned media and online organizing to advance progressive leadership and values.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
More about the Foxconn Facility
- With 1,114 Employees, Foxconn Earns $9 Million in Tax Credits - Joe Schulz - Dec 13th, 2024
- Mount Pleasant, Racine in Legal Battle Over Water After Foxconn Failure - Evan Casey - Sep 18th, 2024
- Biden Hails ‘Transformative’ Microsoft Project in Mount Pleasant - Sophie Bolich - May 8th, 2024
- Microsoft’s Wisconsin Data Center Now A $3.3 Billion Project - Jeramey Jannene - May 8th, 2024
- We Energies Will Spend $335 Million on Microsoft Development - Evan Casey - Mar 6th, 2024
- 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
Read more about Foxconn Facility here
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