The question is for whom - Wisconsin or Foxconn? The state just passed a law that will transfer $2.85 billion from the state’s taxpayers to the Taiwanese tech company. The company will then build a flat-screen television factory that will employ 3,000 people in the immediate term, and up to 13,000 in the long term. If these numbers work out, then enough jobs would have been created to offset the $2.85 billion in about 25 years. Foxconn will get some other goodies besides the cash. It will not be subject to the state’s environment regulations.
There is at least one big risk for the state in this deal. It is assuming that the next quarter-century produces no technological or economic changes that adversely impact Foxconn or its operations in Racine County, Wisconsin. But, there are questions as to whether the agreement is constitutional.
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