Wis­con­sin As­sem­bly ap­proves Fox­conn in­cen­tives

Las Vegas Review-Journal - - NATION - By Scott Bauer The As­so­ci­ated Press

MADISON, Wis. — The Wis­con­sin As­sem­bly sent a $3 bil­lion in­cen­tive pack­age for Fox­conn Tech­nol­ogy Group to Gov. Scott Walker on Thurs­day, sign­ing off on a deal to lure the Tai­wan-based elec­tron­ics gi­ant with the big­gest sub­sidy to a for­eign com­pany in U.S. his­tory.

The bill ap­proved on a 64-31 vote would make $2.85 bil­lion avail­able to Fox­conn in cash pay­ments if it in­vests $10 bil­lion and hires 13,000 work­ers. The Se­nate ap­proved the pro­posal Tues­day.

The Repub­li­can gover­nor was in South Korea on a trade mis­sion but pledged to sign the in­cen­tives pack­age into law soon.

The Wis­con­sin plant would con­struct liq­uid crys­tal dis­play pan­els for tele­vi­sions, com­put­ers and other uses.

The to­tal in­cen­tive pack­age is 10 times larger than any­thing ever ap­proved in Wis­con­sin.

Fox­conn is­sued an un­signed state­ment thank­ing Wis­con­sin, say­ing the in­cen­tives “will help us move for­ward with our plans to build the state-of-the-art ad­vanced dis­play man­u­fac­tur­ing cam­pus.” It also pledged to make ex­ten­sive use of the sup­ply chain in the state to make Wis­con­sin “a cen­ter of world­wide high-tech man­u­fac­tur­ing.”

The As­sem­bly passed the bill with all Repub­li­cans and four Democrats in sup­port. Two Repub­li­cans joined all other Democrats against.

Op­po­nents ob­jected to a pro­vi­sion that would al­low the Wis­con­sin Supreme Court to take ap­peals of cer­tain law­suits re­lated to Fox­conn, skip­ping the ap­peals court. No other busi­ness in the state is pro­vided such an ex­pe­dited route.

Un­der the bill, the com­pany would have 15 years to ac­cess the max­i­mum $2.85 bil­lion in cash pay­ments tied to in­vest­ment and hir­ing num­bers. They can also re­ceive $150 mil­lion in sales tax ex­emp­tions on con­struc­tion equip­ment.

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