Legislators back Foxconn incentives
MADISON, Wis. — The Wisconsin Assembly sent a $3 billion incentive package for Taiwan-based Foxconn to Gov. Scott Walker, signing off on a deal to lure the electronics giant to the state with the biggest subsidy to a foreign company in U.S. history.
The bill approved Thursday would make $2.85 billion available to Foxconn Technology Group in cash payments if it invests $10 billion and hires 13,000 workers. The measure will become law with Walker’s signature.