Gov. Tony Evers wants to renegotiate Foxconn deal, says company won`t employ 13,000

Gov. Tony Evers said Wednesday he wants to renegotiate the state`s contract with Foxconn Technology Group and emphasized the Taiwanese company won`t be creating 13,000 jobs in Wisconsin as originally envisioned.  

"Clearly the deal that was struck is no longer in play and so we will be working with individuals at Foxconn and of course with (the Wisconsin Economic Development Corp.) to figure out how a new set of parameters should be negotiated," Evers told reporters in his Capitol office. 

He said it was premature to say what specific changes he would be seeking. Under existing deals, the state and local governments could provide the company up to $4 billion to establish a massive facility in Racine County and create up to 13,000 Wisconsin jobs.

See Also: (dozens of articles on the subject - I chose JS and NYTimes to get a national perspective)

Foxconn’s Deal With Wisconsin Should Be Revised, Gov. Tony Evers Says

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Ken Notes: I believe it may be premature to renegotiate anything because quite simply Foxconn is not sure exactly what they will be building at the new plant. The current agreement is predicated on job creation so the state is not releasing large tax credits at present. It is the local communities that may have a real problem because infrastructure goes in before the project - so land, sewer, water, power, and roads are currently under construction for a project whose final value may not fully support the investment. I continue to hope that the development agreements are enforceable to support these investments.

One final note, it wold be nice if there were a report available on exactly what has been spent and what our expectations are for repayment. In 2012, yep 7years ago, I said -- "We Need – Rules to play by.  Develop a tracking system for our investments in business based on outcomes -- Wisconsin does not keep score, and recently we have seen more than a few flags tossed by the federal government for this infraction. The new WEDC needs to fix this" This link is to the entire article published - November 14, 2012. WEDC is far better today than they were in 2012, they are using pay as you go options far more today and offering less up front capital -- but still what they spend and how they spend it is still a moving target...