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As I understand it, even though the Foxconn deal was ill-conceived and wasted tax payer money via planning for the deal and funding foolish road projects, the d
by rcktmrtn 4y ago
As I understand it, even though the Foxconn deal was ill-conceived and wasted tax payer money via planning for the deal and funding foolish road projects, the deal does have milestones built in that resulted in not receiving the credit for at least the first few years. I also think the amounts in the deal have also been further diminished after failing to meet the original milestones.
That said, I was looking into it today and it looks like they have actually been meeting some sort of revised hiring target recently [1]. I have heard from some peers that the jobs they are hiring for are basically make-work jobs, but the deal doesn't care what they accomplish -- only how many "jobs" they create.
It's still shady crap which wasted tax payer money (not to mention abused eminent domain), but I don't think in any way involved a big check with no strings attached.
[1] https://en.wikipedia.org/wiki/Foxconn_in_Wisconsin https://en.wikipedia.org/wiki/Foxconn_in_Wisconsin