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The Wisconsin Foxconn Contract: 5 Key Points

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Wisconsin policymakers have a vexing challenge this session: what should they do about the Incredible Shrinking Foxconn project? It is especially a problem for Republican legislators because they not only approved the huge subsidies for Foxconn, but they also passed a bill during the lame duck session that gives themselves control of the Wisconsin Economic Development Corporation (WEDC) for the next couple of years.

With that power comes increased responsibility for the difficult Foxconn situation. Mounting evidence creates serious doubts that Foxconn will build a factory or other sort of enterprise in Racine County that comes anywhere close to the employment levels that Foxconn and the project’s backers promised. Some people have suggested that the best thing for state taxpayers might be for Foxconn to pull the plug on the deal, but in light of the substantial public and private expenditures that have been made, efforts will presumably be made to keep the project alive…

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