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Re: ForReal post# 331375

Tuesday, 11/12/2019 1:48:28 PM

Tuesday, November 12, 2019 1:48:28 PM

Post# of 574874


Main article: Foxconn's Wisconsin plant

https://en.wikipedia.org/wiki/Foxconn

Foxconn announced on 26 July 2017 that it would build a $10 billion TV manufacturing plant in southeastern Wisconsin and would initially employ 3,000 workers (set to increase to 13,000).[60][61] As part of the agreement, Foxconn was set to receive subsidies ranging from $3 billion to $4.8 billion (paid in increments if Foxconn met certain targets), which would be by far the largest subsidy ever given to a foreign firm in U.S. history.

[62][63][64][65] Some estimate that Foxconn is expected to contribute $51.5 billion to Wisconsin's GDP over the next 15 years, which is $3.4 billion annually.[66] However, numerous economists have also expressed skepticism that the benefits would exceed the costs of the deal.[67][68][69][70][71] Others have noted that Foxconn has made similar claims about job creation in the past which did not come to fruition.[62][64][72]

Foxconn was also exempted by Governor Scott Walker from filing an environmental impact statement, drawing criticism from environmentalists.[73] The plant was estimated to contribute significantly to air pollution in the region.[74]


Environmentalists criticized the decision to allow Foxconn to draw 26,000 cubic metres (7×106 US gal) of water per day from Lake Michigan.[64] Given water concerns, Foxconn is spending $30 million on zero liquid discharge technology.[75] Foxconn is also required to replace wetlands at a higher ratio than other companies; Foxconn must restore 2 acres of wetland for every 1 acre disturbed instead of the ratio of 1.2 to 1 for other companies.[75]

As of 4 October 2017, Foxconn agreed to locate their plant in Mount Pleasant, Wisconsin,[76] and broke ground for the plant June 28, 2018. President Trump was in attendance to promote American manufacturing.[77][78]

In January 2019, Foxconn said it was reconsidering its initial plans to manufacture LCD screens at the Wisconsin plant, citing high labor costs in the United States.[79]

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