Recent news reports have exposed the ongoing contract renegotiations between the Wisconsin Economic Development Corporation (WEDC) and Foxconn, related to the controversial LCD factory which Foxconn promised to build in Mount Pleasant. featured several statements offered by Featured statements from state representatives Robin Vos and Van Wanggaard about the project that were identified as misleading and factually incorrect.
In response to a question on whether new state legislation would be needed to renegotiate the contract that WEDC has determined to be broken, Senator Wanggaard claimed “Foxconn is in substantial compliance with their existing contract…” His statement was categorically false.
According to the written agreements, Foxconn is required to (1) build a 10.5 Generation LCD factory, (2) create and maintain approximately 13,000 full-time jobs, with an average salary of at least $53,875 plus benefits, and (3) invest approximately $10 Billion, mostly Area I in Mount Pleasant...
According to the written agreements, Foxconn is required to (1) build a 10.5 Generation LCD factory, (2) create and maintain approximately 13,000 full-time jobs, with an average salary of at least $53,875 plus benefits, and (3) invest approximately $10 Billion, mostly Area I in Mount Pleasant...
Of Interest to Ken if not Wisconsin:
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Ken Notes: This is political football at its worst. We need to make sure we work with Foxconn to cover the actual outlays by government and communities. We need to ensure any tax credits are backed bu actual jobs of quality. And we need to encourage Foxconn to develop any new North American projects in Wisconsin. We do not need to provide them an excuse to fold up their tent and go home. WEDC seem on the right track so lets allow them to do their job -- without pointing fingers... Interesting new image, Globe done fields empty...
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- - Volume: 9 - WEEK: 8 Date: 2/18/2021 8:17:52 AM -