(WISCONSIN) State Legislature Signs Off On $3 Billion Foxconn Incentive Package: In exchange for $10-billion investment into State and Building Factory in ‘ Wisconsin Valley ‘ with tech hubs to employ 13,000 workers #AceFinanceDesk reports

#AceFinanceReport – Sept.15: Wisconsin State Legislature Signs Off On $3 Billion Foxconn Incentive Package: On Thursday, legislators in the state of approved a nearly $3 billion incentive package for the Taiwanese electronics manufacturer, Foxconn, in exchange for it investing approximately $10 billion in the state and building a factory that could employ up to 13,000 workers #AceFinanceDesk reports

Published on September 14, 2017 at 03:25PM: VentureBeat reports: The legislation is now headed to Republican Governor Scott Walker’s desk, where he is expected to give it his seal of approval……..The bill passed the Wisconsin State Assembly on a 64-31 vote, after previously passing the state senate on a 20-13 vote ……..The move signals the start of what will likely be an important experiment in just how much generous incentive packages can do to help create new tech hubs………Governor Walker has said that the Foxconn factory â” the company’s first in the United States — will help transform Wisconsin into “Wisconn Valley.” While on a trade mission this week to Japan and South Korea, Governor Walker told reporters that many of the companies he met with on the trip were already “very interested in how they could come to Wisconsin and partner for that new ecosystem.” ……However, there are still a few details that need to be finalised before Foxconn can start breaking ground — most notably, where the company will build the factory……..The factory was set to be built in either Kenosha or Racine County, Wisconsin, before Kenosha dropped out of the running earlier this week #AceFinanceDesk reports are provided by Sterling Publishing & Media News

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