Foxconn announces new factory in Wisconsin, 13k direct jobs/$10B investment

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el_oh_el said:
I thought it was more along the lines of them having a lower tax rate as an incentive, not the govt giving direct subsidies
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No, it's literal direct subsidies in ADDITION to being exempt from most taxes. The billions of dollars the government is supposed to give them ($210,000 per job created) really is coming straight from the taxpayers.

However, the subsidies are incentive-related, meaning that they aren't supposed to get all the money if they don't actually create the jobs. But the government has already spent hundreds of millions of dollars on infrastructure development in order to pave the way for their factory.

Such statements have not been particularly reassuring to residents of Wisconsin, where state and local governments have already taken very concrete actions to prepare the way for what was supposed to be an enormous manufacturing facility. Taxpayers have already spent more than $300 million on roadwork, infrastructure, and land acquisition related to the project. In August, Moody’s downgraded Mount Pleasant’s credit rating over the extreme levels of debt it took on for the area’s $763 million incentive package, costs that have since grown closer to a billion, in part because it had to take out higher interest long-term loans after Foxconn’s plans changed. Dozens of residents have been relocated, some under threat of eminent domain.
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Foxconn is confusing the hell out of Wisconsin

Foxconn’s delays might finally give Wisconsin the upper hand
 
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