The repercussions are already written into the contract. They shouldn’t have signed such a dumb deal to begin with.
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And isn’t anymore. A thousand jobs when the promise was 13,000? Boomtown go bust.
Foxconn hasn’t gotten any of their tax kickbacks because they haven’t delivered on what they promised. They have fallen short on their hiring targets by a lot, every year since they started playing this game. A huge percentage of the people they “hired” happily let the press know that they were either sitting around watching Netflix all day and/or fired shortly after being hired (with nothing for them to do). The city and county has put millions of dollars into infrastructure to support the $10 billion project, but (thank gods) Foxconn has yet to get its personal government handouts.
Also, they said they would be making LCD screens. Please connect the dots between a factory that makes TVs and one that builds cars. I mean, a lot of modern cars have LCD screens in them, but they didn’t even build a factory that could build screens.
(Edited #of jobs)
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a thousand = 1,000
Typo. Promise was 13,000
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Why so amped up on this?
It’s a two-way street.
Both sides know the game and the risk.
They both want to screw each other to get the most pleasure.
Sometimes side A loses, sometimes side B loses.
Look at Telsa. Fremont, CA government arbitrarily closed Tesla’s factory due to covid restrictions.
And markets change.
Like @OysterOmelet noted, Foxconn may come back and do EV. Who knows.
Doesn’t matter if Foxconn plans to do something else with the space. They didn’t do what they told the state of WI they would do. They didn’t do anything outlined in the contract they signed. They refused to negotiate each time the state reminded them that not following the contract would mean not getting the free handouts. They didn’t bring in the $13/hr jobs that every expert predicted would cost the state somewhere between $500,000-$700,000 PER JOB.
Now that they’re only going to have about a thousand jobs, and the city, county, and state have already poured tons of money into the project, you’re looking at MILLIONS of dollars spent per $13/hr job. How many lifetimes would one worker need to work to earn a few million dollars at Foxconn? I’m talking through wages, not investment.
This whole thing is and always has been a pathetic joke.
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Forumosa tells me the con was already reported here. If Trump and Walker had been responsible for the Great Pyramid, there’d be a mosquito-infested quarry and a few scattered stone blocks.
And speaking of Tesla
Around 450 of the roughly 10,000 workers at Tesla’s Fremont, California, factory tested positive for COVID-19 from May to December, The Washington Post reported Friday.
…
But a month later, several Tesla employees tested positive for COVID-19 despite claims from the company’s safety chief that there had been “zero COVID-19 workplace transmissions” since the plant reopened.
That outbreak appears to be much larger than previously known, according to The Post, which reported that Alameda County data obtained by legal transparency advocate PlainSite showed cases at Tesla’s factory rising to as high as 125 active cases in December.
So the workers got sick and the company lied about it. The important thing is Musk gets to make a few more billions.
Of course, people were howling about investments in Solyndra, too.
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Who’s the joke on?
A summary of the new deal from a local perspective. The state is trying to create some value out of a garbage deal but the farms and rural landscape are permanently ruined. The comments on the article are worth a look.
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Everyone.
Sounds like Evers is either almost as much of an idiot as Walker or thinks renegotiating the contract that way is going to make Foxconn do SOMETHING instead of actually just wasting the space and money and infrastructure. I’ll believe results when I see them
Looks like the EV ｍａｎｕｆａｃｔｕｒｉｎｇ ｓｉｔｅ ｗｉｌｌ ｂｅ ｉｎ ｔｈｅ ＵＳＡ．
Ｄｉｄｎ’ｔ ｓａｙ ｗｈｅｒｅ．
It does appear as if the firm is hitting certain targets.
Now, some WI lawmakers complaining about "$200 million in state and local road improvements, sales and use tax exemptions, grants to local governments, and for worker training and employment.", but honestly, every government has been giving away money during COVID and road improvements and working training, etc., seem like they would last a long time.
Anyway…
The Wisconsin Economic Development Corporation on Wednesday verified that Foxconn had met job creation and investment benchmarks to qualify, based on documents provided to the Wisconsin State Journal.
Foxconn created 579 eligible jobs and made a capital investment of $266 million at the Racine County facility last year, which qualifies the company for $2.2 million in job credits and $26.6 million in capital investment credits, the State Journal reported.
Foxconn reported on June 30 that by the end of 2020, it had created 970 total jobs at the Mount Pleasant facility. WEDC verified that 579 of those jobs were eligible, which was well above the minimum requirement of 481 jobs and nearly reached the target goal of 601 jobs.
Road improvements are actually widening of roads in a sparsely populated area in anticipation of 10k or more workers. Five years later and there aren’t even 1000 real employees of Foxconn. You don’t need mega highways to accommodate barely more cars than we’re already passing through. As for the tax breaks and 
like that, those benefit FoxConn, a foreign company, not everyday Wisconsinites or their businesses
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Try telling that to Japan. They’ve been building roads and bridges to nowhere during the last 2-3 “lost decades” in order to help “local economies”.
Anyway, there’ll be some local coffee shops, donut shops, brewpubs, etc. that start up from the influx of workers. Celebrate that.
Small Wisconsin town continues to be conned.
Mount Pleasant’s biggest problem has to do with water. The village has long been under contract with the Racine Water Utility, and Foxconn needed lots of water — 7 million gallons a day — to fabricate giant LCD screens. So the Racine utility took on debt to build new infrastructure so it could siphon water from Lake Michigan that would, in turn, would be sold to Foxconn.
Well, Foxconn doesn’t need that water anymore because it has given up building screens. But Mount Pleasant had agreed to guarantee payment to the Racine utility, whose debt for the new infrastructure won’t be retired until 2035, should Foxconn fall short.
And therein lies the rub. It’s now feared that the village could be on the hook for some $35 million by 2035, a staggering amount for a small Wisconsin village.
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Adhere to the Great Lakes Compact!! Stop taking water from the Great Lakes for stupid purposes!! And make Foxconn pay for it
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The glitz and glamor of a shiny investment in Wisconsin is forgotten in Taiwan but it continues to be a sore point and a cost to the people in the state. Unfortunately, the fact that it is a Taiwan company is prominent is the reporting.
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Nothing stimulates confidence like 3 panzy retards unable to figure out how to hold a shovel and move 2kg of soil 30cm for cameras. Nevermind dont have the staff to buy the correct shovels…kinda pathetic the lack of fucks given on even basic marketing campains.
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