Thursday in CE: Wisconsin Lawmakers to Vote on Foxconn Plant Deal
Earlier this week, the Wisconsin Assembly Committee on Jobs and the Economy voted to advance a $3 billion incentives package that would bring Foxconn into the U.S. for the first time.
The 8-5 vote approving the package was split along party lines, with Democrats arguing that the deal contained too many loopholes for Foxconn. Republicans, though, felt this was an opportunity that they couldn’t let pass them by.
The next step is a vote on Thursday by the full Assembly. If approved—which it’s expected to be—the bill would then go to the Legislature’s budget committee and the state Senate. Foxconn has said that if the bill passes it would commit to building a $10 billion plant that would employ 3,000 employees at the outset. That number could rise to around 13,000 in the coming years.