Gov. Scott Walker signed a $3 billion incentive package Monday for Foxconn Technology Group to build a flat-screen plant in southeastern Wisconsin, a deal he says will provide thousands of jobs for generations.
The governor told reporters after the signing that next steps call for the Wisconsin Economic Development Corp. to finalize a contract with Foxconn to execute the provisions in the bill. WEDC’s board is scheduled to meet Sept. 28 to approve the agreement. Foxconn executives will then likely reveal the precise location for the plant before the contract is signed in early October.
Walker told WTMJ-AM radio on Monday morning that he expects groundbreaking this spring. Foxconn hopes to open the plant in 2020.
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Gov. Scott Walker has signed a $3 billion incentive package designed to lure a Foxconn Technology Group flat-screen plant to southeastern Wisconsin.
The Taiwanese electronics manufacturer says, though, it does plan to collaborate with the UW Carbone Cancer Center.
A key vote on the pending Foxconn contract was delayed last week because the state wouldn’t have been able to recoup taxpayer funds if the Taiwanese company didn’t fulfill its end of the deal, according to a member of the board overseeing the negotiation.