Fantastic. Emphasis mine.
Foxconn Technology Group will announce in the next two to three days the subcontractors for the start of its planned $10 billion project in Racine County, the company’s second-ranking executive said.
At the same time, Foxconn will start construction in two to three days on the first phase of the project, which will cover 752 acres in Mount Pleasant, Louis Woo said Wednesday afternoon in Milwaukee. He said the first phase will require 500,000 person-hours of work.
“We will let people know in the next couple days who will be the winners (of contracts),” Woo said. “I’m very pleased to let you know that 90 percent of the winners are from the state of Wisconsin.”
I guess we’ll need to wait for history and investigative reporters to uncover the unvarnished truth. His sentence reminds me of the way they trumpeted an average wage. Not median, average. Not actual for line workers.
Ninety percent of the winners? Or ninety percent by dollar amount? Ninety percent by just counting the companies? If the main contracting builder isn’t from Wisconsin, certainly it’s not ninety percent by dollar amount, right?
Prosperity all around and we still have liberals complaining….
Start your own company and compete if you don’t like the way this is going.
By “compete” do you mean getting an unprecedented $4B in hand-outs?
In a nearby post, Owen’s complaining about schools getting $100 million.
You don’t even want to know which contractors are getting the most money? You just want to cheer that 90% of them – by count, not by dollar – are from Wisconsin?
Possibly. Depends on how many jobs and related economic activity the new business will generate, how the new business will effect the lives of thousands of residents for generations and the prestige of landing the largest foreign investment in USA history confirming Wisconsin is open for business come to mind.
Personally, I side with the poster claiming to be from someplace in northern Wisconsin. I don’t think any of these businesses should get a dime of taxpayer money but that is not today’s competitive environment. My greatest fear is the State will follow in the footsteps of Washington County’s Economic Development. Handing out taxpayer dollars to the well connected and displaying their incompetence by not doing their due diligence overseeing the money.
Once upon a time, the WisGOP prided itself at being a supporter of free markets, that the government shouldn’t pick winners and losers, that taxpayer dollars shouldn’t be handed to private businesses.
So why does Foxconn need a $4B hammock instead of a trampoline?
Did no one research what Foxconn has pulled in other places where they promised jobs and factories?
jjf,
Governments do it all the time locally through TIF districts. I don’t like it anymore than the next guy, but that is how the economic development game is played.
The benefit to WI is going to be far more than the investment.
“The benefit to WI is going to be far more than the investment.”
That is a long way from a given. And folks around the rest of the state aren’t real happy that all that $$ went to one small geographic part of the state at the expense of the rest of us. Folks in Crandon or Ladysmith or Minong won’t see much, if any, benefit from Foxconn, but their grandkids will be paying for it. I hope it works and pays for itself, but I wish that if that kind of money was available it could have been spread around a little more.