WI Lawmakers react to Foxconn announcement
Governor Scott Walker joined House Speaker Paul Ryan, President Trump, and others, in announcing Foxconn building a $10 million plant in the Badger State.
"We're announcing the single largest economic development project in the history of the state of Wisconsin, and one of the largest in the history of this country," Governor Walker said.
The state-of-the-art facility, dubbed Wisconsin Valley, is expected to be built in Racine County, although the exact location hasn't been announced.
"For Southeastern Wisconsin this is an absolute game changer," said Speaker Ryan.
The iPhone manufacture is expected to create 3, 000 jobs initially, but eventually employ 13,000 people.
"It's another example of how our region is truly a manufacturing power house," Ryan said.
Wisconsin is offering $3 billion in economic incentives over 15 years. The incentives would only be awarded if Foxconn creates the jobs and pays an average salary of nearly $54,000.
"This is historic for Wisconsin," said State Sen. Roger Roth.
Roth was in D.C. for the announcement and said the proposed incentive package is one lawmakers will have to take a closer look at.
"We've never seen this level of investment in our state," said Roth.
State Rep. Jim Steineke says having a major manufacture building in the state is good news.
"Anytime you have economic activity you have an increase in jobs, you have more people working, more people paying taxes it's good news for the state," explained Steineke.
However, Democratic State Senator Jennifer Shilling released the following statement saying while she welcomes the new jobs, she wants to make sure the incentive deal is fair for local businesses.
“Communities and small businesses that could be at a competitive disadvantage deserve full transparency when it comes to Gov. Walker’s proposed tax breaks for Taiwanese investors. I am cautious of committing taxpayers to decades of economic costs and liabilities."
The incentive package is expected to be voted on in a special legislative session.
Foxconn plans to be fully operational by 2020.