Leg­is­la­tors back Fox­conn in­cen­tives

Houston Chronicle - - BUSINESS -

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.

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