Foxconn is reconsidering plans to make advanced liquid crystal display panels at a $10 billion Wisconsin campus, and said it intends to hire mostly engineers and researchers rather than the... Who's Online | Find Members | Private Messages
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Foxconn may not build $10B Wisconsin plant Trump touted

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18 days ago - Wednesday 1/30/19 - 1:09:29 PM EST (GMT-5)


Foxconn is reconsidering plans to make advanced liquid crystal display panels at a $10 billion Wisconsin campus, and said it intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised.

Announced at a White House ceremony in 2017, the 20-million square foot campus marked the largest greenfield investment by a foreign-based company in U.S. history and was praised by President Donald Trump as proof of his ability to revive American manufacturing.

Foxconn, which received controversial state and local incentives for the project, initially planned to manufacture advanced large screen displays for TVs and other consumer and professional products at the facility, which is under construction. It later said it would build smaller LCD screens instead.
18 days ago - Wednesday 1/30/19 - 1:11:16 PM EST (GMT-5)
https://www.nbcnews.com/business/bu...

- - - - - - -

One of the last things Scott Walker did as governor was secure a bunch of controversial incentives for this company in the form of tax breaks and other things. About $4 billion worth, to be exact.

Those are some expensive-ass "manufacturing" jobs that aren't actually going to be manufacturing jobs.
18 days ago - Wednesday 1/30/19 - 1:13:59 PM EST (GMT-5)
STEM is really about euthanizing the workforce into a social welfare kind of death.
18 days ago - Wednesday 1/30/19 - 1:18:11 PM EST (GMT-5)
To qualify for the tax credits, they need to meet hiring and investment goas. They are currently short of the employment goal they need- - losing a tax credit of up to $9.5 million.

18 days ago - Wednesday 1/30/19 - 1:21:04 PM EST (GMT-5)
Anyway

Reply All did a great episode on this whole debacle, if anyone's not up on how fully and completely it f*cked over the town of Mt. Pleasant. It's recent, I think November or December of last year.
18 days ago - Wednesday 1/30/19 - 1:59:23 PM EST (GMT-5)
And here's a good rundown of the environmental concerns surrounding Foxconn. They got several waivers, even though they're a known polluter in China, and the business they were proposing at the time (LCD manufacturing) uses lots of heavy metals.

https://www.chicagotribune.com/busi...

"Along with financial incentives, Wisconsin lawmakers are considering allowing Foxconn to discharge materials into wetlands, fill lakebeds to create more land and reroute streams during construction and operation without obtaining permits from state regulators. Under the legislation, Foxconn also wouldn't have to provide an environmental impact statement for the 20 million-square-foot campus it plans to build in southeastern Wisconsin."

That is insane, start to finish.
18 days ago - Wednesday 1/30/19 - 1:59:58 PM EST (GMT-5)
So it's really a good thing they aren't manufacturing LCD panels, isn't it?
18 days ago - Wednesday 1/30/19 - 2:06:45 PM EST (GMT-5)
Oh yeah sorry, you're right. Foxconn was a great deal for the town and the state, and not at all a boondoggle that should haunt Scott Walker and the Mt. Pleasant town council forever! How silly of me.
18 days ago - Wednesday 1/30/19 - 3:03:15 PM EST (GMT-5)
They aren't paying out the tax breaks, they aren't suffering the environmental issues, they are providing fewer, but higher skill level jobs- - doesn't sound so bad to me...
18 days ago - Wednesday 1/30/19 - 3:11:58 PM EST (GMT-5)
Oh, did all the people who had their homes taken via eminent domain + the bullsh*t "blighted" declarations magically get them back? And how about all the money the state pledged to supporting the project that didn't come in the form of tax breaks? Is that all going to be refunded to the taxpayers who aren't getting anywhere near the jobs they were promised?
18 days ago - Wednesday 1/30/19 - 3:42:20 PM EST (GMT-5)
They got paid 140% of market value for their land- - why should they get it back?
18 days ago - Wednesday 1/30/19 - 3:47:20 PM EST (GMT-5)
On Wednesday 1/30/19 - 1:59:23 PM birdsong4j wrote:
And here's a good rundown of the environmental concerns surrounding Foxconn. They got several waivers, even though they're a known polluter in China, and the business they were proposing at the time (LCD manufacturing) uses lots of heavy metals. [link] "Along with financial incentives, Wisconsin lawmakers are considering allowing Foxconn to discharge materials into wetlands, fill lakebeds to create more land and reroute streams during construction and operation without obtaining permits from state regulators. Under the legislation, Foxconn also wouldn't have to provide an environmental impact statement for the 20 million-square-foot campus it plans to build in southeastern Wisconsin." That is insane, start to finish.


Whoa, maybe my company will open an office in WI one day at this rate.

18 days ago - Wednesday 1/30/19 - 3:51:05 PM EST (GMT-5)
Well now that Walker's out of office, the state will probably not be taking quite so many deals from huge companies promising the moon in exchange for destroying a town, when there's a mountain of evidence that the jobs they're promising (in type and number) are never going to materialize (seriously, all anyone had to do was look at what Foxconn did in PA).

I believe the last estimate I read on how long it'll take the state of Wisconsin to make its money back on Foxconn is 25 years. And I think that's *before* this announcement today.
18 days ago - Wednesday 1/30/19 - 3:58:47 PM EST (GMT-5)
I believe that 25 year number is with Foxconn hitting all their incentive thresholds...
18 days ago - Wednesday 1/30/19 - 3:58:53 PM EST (GMT-5)
Oh, and has anyone mentioned yet that the town of Mt. Pleasant/Racine Co. bought up the land for the facility at their cost, and then gave it to Foxconn *for free*? Because that happened.

Foxconn is a multi-trillion (with a T!) dollar company. But yeah, the people of Wisconsin definitely needed to pay for the land for them to build their not-a-factory. It's obscene on its face, even before this announcement.
18 days ago - Wednesday 1/30/19 - 4:01:05 PM EST (GMT-5)
This is f*cked all around.
18 days ago - Wednesday 1/30/19 - 4:01:57 PM EST (GMT-5)
Are those people that desperate for jobs? Is that why they did that? Legit question.
18 days ago - Wednesday 1/30/19 - 4:02:32 PM EST (GMT-5)
On Wednesday 1/30/19 - 3:58:53 PM birdsong4j wrote:
Oh, and has anyone mentioned yet that the town of Mt. Pleasant/Racine Co. bought up the land for the facility at their cost, and then gave it to Foxconn *for free*? Because that happened. Foxconn is a multi-trillion (with a T!) dollar company. But yeah, the people of Wisconsin definitely needed to pay for the land for them to build their not-a-factory. It's obscene on its face, even before this announcement.


Link?

Was the land givaway tied to any incentive targets?
18 days ago - Wednesday 1/30/19 - 4:11:07 PM EST (GMT-5)
On Wednesday 1/30/19 - 4:01:05 PM Rag_Doll_ wrote:
This is f*cked all around.


Oh yeah, it's wild. Seriously, the Reply All episode is fantastic. It's only about an hour long, but the research/backwork took several months. Lots of local politics intrigue, too (it's always amazing to me how much local pols are willing to show their asses when they KNOW they're being recorded...).

Re: free land
https://money.cnn.com/2017/12/28/ne...

"The Village of Mount Pleasant and Racine County, where the plant is to be built, have also agreed to provide $764 million in tax incentives to help get the facility constructed, including buying the land and giving it to Foxconn for free."
18 days ago - Wednesday 1/30/19 - 4:12:50 PM EST (GMT-5)
On Wednesday 1/30/19 - 4:01:57 PM CuckingFunt wrote:
Are those people that desperate for jobs? Is that why they did that? Legit question.


That area used to have a lot of manufacturing work in the past. But one of the big criticisms of this deal (aside from the massive cost to taxpayers) was that there aren't enough unemployed people to fill the proposed 13,000 jobs. Part of the money the state was going to spend was several million in ad campaigns trying to convince people to move TO Wisconsin to work there.
18 days ago - Wednesday 1/30/19 - 4:15:49 PM EST (GMT-5)
Oh, so actually the opposite. Who the hell wants to move to wisconsin?

I wish people would stop getting a hard-on over the return of manufacturing jobs. They aren't coming back.
18 days ago - Wednesday 1/30/19 - 4:32:10 PM EST (GMT-5)
More fun on this: after a Democrat beat Walker last November (actually Democrats swept all the statewide races in Wisconsin), the legislature held a lame-duck session to strip power from those offices. One of the things they voted to do was make it harder for Evers (incoming governor) to renegotiate the Foxconn deal (which is something he'd said during the campaign that he was looking at doing).
18 days ago - Wednesday 1/30/19 - 4:32:34 PM EST (GMT-5)
On Wednesday 1/30/19 - 4:11:07 PM birdsong4j wrote:
"The Village of Mount Pleasant and Racine County, where the plant is to be built, have also agreed to provide $764 million in tax incentives to help get the facility constructed, including buying the land and giving it to Foxconn for free."


"The $764 million local contribution is to be repaid through a tax incremental financing district the village will establish."

So not really as free as is being claimed...

https://www.jsonline.com/story/mone...

18 days ago - Wednesday 1/30/19 - 4:33:20 PM EST (GMT-5)
On Wednesday 1/30/19 - 4:15:49 PM CuckingFunt wrote:
I wish people would stop getting a hard-on over the return of manufacturing jobs. They aren't coming back.


Here, it's coal. (Not RIGHT here, but closeby) People are desperate and think coal is going to make a comeback. And some of them will vote for anyone who feeds that fantasy, no matter how unrealistic it is.
18 days ago - Wednesday 1/30/19 - 4:34:21 PM EST (GMT-5)
On Wednesday 1/30/19 - 4:15:49 PM CuckingFunt wrote:
I wish people would stop getting a hard-on over the return of manufacturing jobs. They aren't coming back.
On Wednesday 1/30/19 - 4:33:20 PM birdsong4j wrote:
Here, it's coal. (Not RIGHT here, but closeby) People are desperate and think coal is going to make a comeback. And some of them will vote for anyone who feeds that fantasy, no matter how unrealistic it is.

Exactly how Donald won.

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