Wisconsin’s Governor Scott Walker to incentive package for Foxconn’s LCD plant in the state on Friday

Despite drawing flak for Foxconn’s LCD plant in the state, the Governor of the state of Wisconsin has given the green signal for the project which would initially provide direct employ to 3,000 people and ultimately to 13,000 people at the site.

Wisconsin’s Governor Scott Walker stated that the state’s economic development agency has approved a $3 billion incentives package for Foxconn to build a LCD display factory in the state.

Wisconsin Economic Development Corporation’s vote marks Taiwan-based Foxconn clearing the final hurdle for the controversial deal.

Hon Hai Precision Industry Co Ltd, also known as Foxconn, is a major component supplier to Apple Inc.

“WEDC’s board approved the deal with Foxconn. Wisconsin is ready to welcome the world’s largest electronics contract manufacturer to Wisconsin and the United States!,” said Walker on Twitter.

Walker told the local media that he intends on signing the incentive package, that was approved by the Republican-controlled state Assembly in August, on Friday at a ceremony with Foxconn’s chief executive.

Walker and Foxconn have said that although the 20-million-square-foot LCD plant would initially employ only 3,000 people, it would ultimately employ 13,000 at the site.

While proponents of the project have touted the project’s job creation and investment potential, including an estimated 22,000 ancillary and 10,000 construction jobs, critics have stated the plans appear to be rushed, too expensive, corporate welfare and potentially harmful to the environment.


Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy

Tags: , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: