Should Wisconsin seek to renegotiate the deal it made with Foxconn? If so, how should the contract be changed? The answer to the first question is pretty clearly yes; Governor Evers and the Wisconsin Economic Development Corporation (WEDC) should sit down with Foxconn and talk about options for making the contract better for all involved. A new deal is worth pursuing because it could potentially reduce the risk that Foxconn will drop its plans for a manufacturing facility in Racine County. At this point, that outcome would be a costly blow for state and local taxpayers since hundreds of millions of tax dollars have already been spent for infrastructure improvements for the planned facility... ...moreKen Notes: Governor Evers should first sit down with WEDC and create a new set of incentives available to ALL new and expanding businesses in Wisconsin. No politics, no favoritism, no regionalism -- If you hire new employees and pay a good wage and provide good benefits (to them and the rest of your employees) you get a tax credit. If you need to downsize the credits go away. Also develop a cleaner TIF program for the communities so they can fund new projects they want provided they have a development agreement in place to guarantee value and thus a return on their investment. THEN sit down with Foxconn and suggest you are willing to help them get back on track, in fact you have a new program... | ||
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