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.
- State Reviewing Foxconn Jobs Report - Erik Gunn - Jul 23rd, 2020
- Foxconn Hosts Smart Manufacturing Web Conference, Launches iAI Institute - Foxconn Technology Group - Jul 10th, 2020
- Foxconn Will Make 10K Ventilators - Corri Hess - Jun 19th, 2020
- Medtronic and Foxconn Partner to Increase Ventilator Production - Foxconn Technology Group - Jun 18th, 2020
- Foxconn Audit Delayed Two Months - Erik Gunn - Jun 3rd, 2020
- Back in the News: Foxconn’s Profits Plunge By 90% - Bruce Murphy - May 19th, 2020
- Foxconn to Assemble Procedural Masks in Wisconsin for Pandemic Relief - Foxconn Technology Group - Apr 20th, 2020
- Murphy’s Law: Foxconn Squeezes Evers - Bruce Murphy - Apr 15th, 2020
- Foxconn Says It Earned Tax Credits - Corri Hess - Apr 9th, 2020
- Back in the News: Foxconn Plant Will Make Ventilators - Bruce Murphy - Apr 8th, 2020
Read more about Foxconn Facility here
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