Economics
Wisconsin and Foxconn Sign $3 Billion Assistance Agreement
- Economic package outlined as state celebrates landing deal
- Factory boosts Governor Scott Walker’s planned re-election bid
Foxconn to Open Plant in Wisconsin
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Wisconsin Governor Scott Walker and Foxconn Technology Group Chairman Terry Gou signed a memorandum of understanding late Thursday that calls for up to $3 billion in government assistance and the sale of at least 1,000 acres of land.
The document marks the formal start of a project state officials say could eventually result in 13,000 jobs and $10 billion in investment from the Taiwanese manufacturing giant by 2020. Landing the factory, which will produce LCD display monitors, also gives a political boost to both Walker and President Donald Trump.