Perspective on Foxconn under the new political administration

[John Franczyk]

The local Racine newspaper published its speculation on whether and to what extent the Foxconn development will be affected by the incoming political administration in Madison:

 https://journaltimes.com/news/local/foxconn-after-...

Right now, it's all a lot of speculation. I believe that Foxconn has the momentum and that the new governor would commit political suicide if he did anything adverse to the deal.  

[Daniel Dietz]

It will be interesting to see what happens. I personally don't like the deal AT ALL, and hope things change to some degree. I would not want to be 'betting' my investments on a somewhat shaky sketchy plan.

Just think if us small private US and Wisconsin based businesses would get even a FRACTION of what this is costing per job? And, it sounds like a majority of the workers are likely to be foreign or from Illinois also, so why is just WI funding this?

Study after study shows that the smaller the business to a degree that gets incentives the better the economic benefit is. This is costing up to almost $1,00,000,000 before jobs are even created, and somewhere between $300,000 and $800,000 PER JOB if things 'go good'!?!?!

In my 'day job' of Remodeling, if I got a $100,000 incentive, I could easily create at least one job that paid at least 50K per year, if not 2-3 jobs that paid that. 

I guess the rest of the state is a little miffed at why WE are each paying 3-4K per household for jobs for Illinois and China?

Dan Dietz