Beyond southeastern Wisconsin, many businesspeople throughout the state are expressing support for Foxconn’s planned Racine-area factory and its massive public financing package.
Gov. Scott Walker on Monday signed legislation that pays up to $2.85 billion to Foxconn Technology Group over 15 years. Also, the state is waiving $150 million in sales taxes on construction materials for the $10 billion facility.
Foxconn, which could employ as many as 13,000 people, represents a big win for Wisconsin, said Walker and Republican legislators.
But Democratic legislators, who largely opposed the financing package, say the price is too high — including exemptions from environmental regulations for the flat screen manufacturing complex.
Two out of every three of the 109 businesses that responded to a survey conducted by the La Crosse Area Chamber of Commerce support the effort, said Vicki Markussen, executive director. Read the full story here.