4 ms·
I hope it's better than giving $100,000 in credits to 30,000 small businesses in the greater Milwaukee area.
by ngharo 9y ago
I hope it's better than giving $100,000 in credits to 30,000 small businesses in the greater Milwaukee area.
- partycoder 9y agoThis is an attempt to set a precedent of successful investment on American manufacturing. Is this idea in particular viable? Probably not.
- moorhosj 9y agoThis doesn’t make sense, Foxconn already publicized their intention to create these jobs. The incentives just made it more economically feasible for them to do it in this state. Race to the bottom is a phrase that comes to mind.
- partycoder 9y agoMany countries give short-term incentives to attract long-term foreign investment. Some countries go as far as providing guarantees for investors in their constitution.
- bduerst 9y agoDeveloping countries, sure, and they run a huge risk of propping up an unsustainable economy. Especially when those incentives run out. Just look at how Argentina's incentives for Blackberry panned out: https://www.npr.org/2017/02/23/516895101/when-argentina-elected-a-populist-president-some-companies-left-the-country https://www.npr.org/2017/02/23/516895101/when-argentina-elec...
- partycoder 9y agoAll investments have associated risks. e.g: Microsoft invested in Nokia and turned out bad, except for the acquisition of a substantial IP portfolio.
- Feniks 9y agoThe reason why Foxconn is building a plant in the US is to hopefully exempt the company from a US-China trade war that Trump might possibly be stupid enough to start. Wisconsin was the lowest bidder.