A massive manufacturing complex planned by Foxconn Technology Group could generate broad gains for Wisconsin “that go far beyond the direct job estimates and tax revenue costs which have dominated the recent discussion,” according to a report by a UW-Madison economist released Monday.
If the Taiwan-based electronics manufacturer employs 13,000 people in the state, the ripple effect could spawn an additional 19,000 to 26,000 jobs through growth from the company’s suppliers and other businesses in the region, said Noah Williams, director of the Center for Research on the Wisconsin Economy.
That could mean a return of $3.90 for every $1 in state subsidy costs spent to lure Foxconn and its planned investment of up to $10 billion, Williams said in his report, which was commissioned by the Wisconsin Technology Council.
Owen
Everything but tech support.
Oh no. Say it ain’t so. Foxconn can’t be a good deal ’cause a Republican negotiated it. NOT! The lefties will be furious.
Liberals should love this return. Usually liberals SPEND $3.90 in tax money to earn a $1, like trolley and half fast train.
If this prediction comes true it is a great thing for WI. But I won’t count any chickens just yet, nor does it seem will Williams, ”
At the same time, however, Williams cautioned the large potential employment gains “are by no means certain. “
So now we know why Bloomberg said it would cost $1M per job at Foxconn. It’s Walker’s fault.
Funny thing when data comes out against your viewpoint, Nord… “But I won’t count any chickens just yet”.
Yet in all previous posts regarding foxconn you sure are quick to reply with links to how bad the deal is.
Now suddenly it’s prudent not to pass judgement.
But those are Republican numbers…they’re automatically evil according to the white supremacist troll.