After making several amendments, the Wisconsin State Assembly is expected to vote this week on a $3 billion incentive program to lure the Foxconn Technology Group to southeast Wisconsin.
The project would require Wisconsin taxpayers to back the deal with $3 billion in incentives over 15 years, but the state wouldn’t break even on the deal for 25 years, Reuters reported. The Senate is poised to review a bill that would trigger the project before the state House takes it up.
The entire complex will be located on at least 1,000 acres — about 1.56 square miles — and include 20-million-square-foot campus, with jobs that pay an average salary of $53,875 plus benefits, company representatives said.
While no precise location of the plant has been announced, Racine County Eye has learned that a commercial real estate firm is negotiating on behalf of Foxconn with property owners in Mount Pleasant and Sturtevant.
Read the Legislative Fiscal Bureau Analysis.
Here’s the latest on this topic. We’ll keep you posted.