tag:blogger.com,1999:blog-3426800777521979578.post5669220308249346096..comments2024-02-20T19:58:27.733-06:00Comments on Jake's Wisconsin Funhouse: Now Foxconn won't make anything? Unknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3426800777521979578.post-16342273192417942882019-01-30T09:50:44.805-06:002019-01-30T09:50:44.805-06:00Yes! Thats the ticket! Innovation centers that giv...Yes! Thats the ticket! Innovation centers that give sweetheart real estate deals to other Walker donors (NW Mutual Life- COUGH). <br /><br /> Which allows Foxconn to keep the tax credits while not actually making anything here, and having Potemkin Villages all over the state. What a deal!Jake formerly of the LPhttps://www.blogger.com/profile/15660401299391001751noreply@blogger.comtag:blogger.com,1999:blog-3426800777521979578.post-8686916053964389022019-01-30T09:42:21.976-06:002019-01-30T09:42:21.976-06:00Maybe Foxconn will build 1,000 new innovation cent...Maybe Foxconn will build 1,000 new innovation centers.<br />--<br />https://www.wispolitics.com/2019/foxconn-technology-group-statement/<br /><br />Foxconn Technology Group: Statement<br /><br />We remain committed to the Wisconn Valley Science and Technology Park project, the creation of 13,000 jobs, and to our long-term investment in Wisconsin. As we have previously noted, the global market environment that existed when the project was first announced has changed. As our plans are driven by those of our customers, this has necessitated the adjustment of plans for all projects, including Wisconsin. While the project’s focus will be adjusted to meet these new realities, the Wisconsin project remains a priority for our company.<br /><br />Foxconn continues to actively consider opportunities for TFT technologies in terms of maximizing the positive impact of our Wisconsin project. We are broadening the base of our investment within the State of Wisconsin far beyond what we initially planned to ensure the company and our workforce will be positioned for long-term success.<br /><br />In addition to our consideration of plans to produce traditional products such as television sets, we are also examining ways for Wisconsin’s knowledge workers to promote research and development in advanced industrial internet technologies and produce high-tech applications and solutions for industries such as education, medical and healthcare, entertainment and sports, security, and smart cities.<br /><br />We look forward to continued investment in American talent as we build the AI 8K + 5G ecosystem we are creating in Wisconsin and the US. Further updates will be shared in due course.<br />#MALhttps://www.blogger.com/profile/05503524741573516284noreply@blogger.comtag:blogger.com,1999:blog-3426800777521979578.post-14931875103891448122019-01-30T09:18:23.017-06:002019-01-30T09:18:23.017-06:00Depends if Foxconn gets 1,000 people working on th...Depends if Foxconn gets 1,000 people working on the project by end of this year (not necessarily in Racine Co). <br /><br />If they get that, my quick count is <br /><br /> 15% of facility cost for 2/7 of total subsidy (estimated at $386 mil)<br /><br /> $28 mil for job credits<br /> $912 mil in local subsidies and intrastructure<br /> $400 mil in cost and debt for I-94<br /> $130 mil to upgrade local roads into state highways (which took away $90 mil from other state projects)<br /> $150 mil in sales tax cuts for construction materials<br /><br />That comes close to $2 billion. And Foxconn says they can't make it even with all this help?<br /><br /> I may be off on those numbers, so feel free to correct. But that's what I got. <br /> Jake formerly of the LPhttps://www.blogger.com/profile/15660401299391001751noreply@blogger.comtag:blogger.com,1999:blog-3426800777521979578.post-57082934940166868922019-01-30T09:04:10.200-06:002019-01-30T09:04:10.200-06:00How much all in is Wisconsin on the hook for?How much all in is Wisconsin on the hook for?MALhttps://www.blogger.com/profile/05503524741573516284noreply@blogger.com