Foxconn jobs may cost state taxpayers between $172,000 to $290,000 per job and Wisconsin might only receive benefits equal to only about one-fifth of Foxconn direct incentive costs.
These dire economic outcomes were part of an economic analysis released Monday by Upjohn Institute for Employment Research senior economist Tim Bartik, who has been closely monitoring the Foxconn project. Gov. Tony Evers’ administration sought the guidance as Foxconn’s plans changed from what was agreed upon in the 2017 contract with then-Gov. Scott Walker.
“The main conclusion is that Foxconn-level incentives are extremely costly per job,” Bartik explains, “whether compared to typical incentives in the U.S., Wisconsin past practices, or recent incentive offers to Amazon by New York and Virginia.”…
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- Foxconn Confident It Will Get Tax Credits This Year December 13, 2019
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- Foxconn Teaches Wisconsin Managers Chinese in Taiwan November 19, 2019
- Foxconn in Wisconsin Could Help Trump in 2020 November 7, 2019
- Foxconn ‘Earn & Learn Program’ – Hiring Students Full-Time October 7, 2019
- Foxconn and University of Illinois Strike Up $100 Million Deal October 3, 2019
- As Economy Teeters, Trump’s ‘Eighth Wonder of the World’ Wobbles With It October 1, 2019
- Foxconn Holding Job Fair & ‘Tech Talk’ at UWM September 24, 2019
- Foxconn Smart Manufacturing Center Approved September 20, 2019