4 ms·

I remember hearing the governor of WI so proud of "WisconValley" as he dubbed it. And it was all basically an elaborate tax scam by FoxConn which sucked up a bu

• missedthecue 5y ago
  Foxconn didn't get paid cash up front. The tax breaks are on earned income over the next several decades. They didn't earn any income. They didn't get any tax breaks. Yes, the state of Wisconsin sunk some money into infrastructure in the area, but that just means infrastructure got built in Wisconsin. That's not profit for Foxconn.
  • valleyer 5y ago
    Good points. So what did Foxconn gain? Or was it really just a slip-up?
    • DiabloD3 5y ago
      It was a slip up in the sense that Foxconn didn't get to go home with the money, since there was hardly any up front. Foxconn is known for the, uh, con, so a lot of industry insiders weren't surprised this entire thing played out the way it did.
  • c618b9b695c4 5y ago
    >but that just means infrastructure got built in Wisconsin. Quite a bit of the infrastructure goes nowhere -it only benefits a factory built out at that location. As a Chicago resident who sometimes visits Milwaukee, I will personally note that the interstate construction was horrible and ripped up roads that had been completed just a few years prior. To say nothing of the people that lost their homes to eminent domain.
    • missedthecue 5y ago
      Yes but someone's domained home or your more miserable ride to Milwaukee isn't profit for Foxconn either.