Foxconn: Top official says Wisconsin will not provide glass-maker new financial incentives

MADISON - The state won`t provide any new taxpayer subsidies to lure a key glass supplier to Foxconn to locate in southeastern Wisconsin, the state`s top jobs official said Tuesday. 

In an interview, the head of the Wisconsin Economic Development Corp. said state taxpayers have maxed out on their contribution to the Foxconn project, including related businesses such as Corning Inc., which could bring hundreds of additional jobs to Racine County...


Ken Notes: This is why we should have created a package available to any new development coming to Wisconsin when we brought in Foxconn. Now surrounding states may be able to attract new developments for pennies on the dollar.

Glass by the way will be huge in the future of new tech. Think about your cell phone in a 60inch format. This is the future of TV and screens of the future and Foxconn plans to build the.

Here is a package I think we could offer any new project:

  • A ten year 2K per year tax credit for new hires. (20K per employee).

  • 10% Local TIF financing via property tax credits.

  • Incentives for apprenticeships and training programs working with UW and Tech System.

  • An ombudsman to guide the project through environmental and other permitting processes.

  • - - Volume: 6 - WEEK: 18 Date: 5/3/2018 8:06:41 AM -