White House to announce Apple-supplier Foxconn manufacturing plant in Wisconsin on Wednesday
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White House to announce Apple-supplier Foxconn manufacturing plant in Wisconsin on Wednesday

By zzyzzx following x   2017 Jul 26, 9:45am 1,147 views   18 comments   watch   sfw   quote     share    


http://www.cnbc.com/2017/07/26/trump-scott-walker-to-reveal-foxconn-factory-plans-in-wisconsin.html

No exact location for the plant has been chosen — but the area of southeast Wisconsin between Milwaukee and Chicago is under consideration, according to a source.

A source said that seven states were considered for the expansion, but Wisconsin appears to be a preliminary winner, and Ohio is a contender. About 10,000 jobs could be created.

The Wall Street Journal reported that Foxconn may be eyeing a new U.S. plant for display panels.

Foxconn is also known as Hon Hai Precision, a longtime supplier to Apple and other electronics companies that has come under scrutiny in the past over labor practices in China. It is unclear if Apple is involved in Wednesday's announcement.

The announcement would come on the heels of a Wall Street Journal interview with Trump, where he said he had spoken to Apple CEO Tim Cook about three U.S. factories. Apple has yet to comment on Trump's remarks. Cook told Jim Cramer on CNBC's "Mad Money" in May it would start a $1 billion fund to promote advanced manufacturing jobs in the United States.

With its wide network of developers, Apple has already created two million jobs in the United States, according to Cook. Apple supplier Corning told CNBC last week that it would "immediately" invest $500 million and create 1,000 new jobs in the United States, but those jobs are related to medical devices.

#trump #maga #manufacturing

1   FNWGMOBDVZXDNW   ignore (2)   2017 Jul 26, 10:53am   ↑ like (3)   ↓ dislike (1)     quote      

Scott Walker was reported to say "If Foxconn is going to be driving employees to suicide, they are going to be Wisconsonites, God Dam It! And where's my US/Canada wall? I want a fucking wall!!!"

2   AllTruth   ignore (1)   2017 Jul 26, 11:06am   ↑ like (2)   ↓ dislike (3)     quote      

believe it and hearsay details when it,s announced, just like Carrier "saved jobs" now in Mexico from Indiana, even in wake of tax subsidies

Trump is all bullshit 24/7/365

3   BayAreaObserver   ignore (1)   2017 Jul 26, 12:56pm   ↑ like (0)   ↓ dislike (2)     quote      

Concerns increase in Wisconsin over deal for Foxconn plant....imagine that

Concerns are increasing among lawmakers and others in Wisconsin over what incentives the state may offer to become the first U.S. home of Taiwanese electronics giant Foxconn.

Little has been revealed about what tax breaks, subsidies, free land and other financial incentives or promises Republican Gov. Scott Walker and state economic development officials may be extending to seal the deal with Foxconn, the biggest contract assembler of smartphones and other devices for Apple and other brands.

Walker has refused to even confirm that he's in negotiations with Foxconn, let alone disclose what enticements he's extending. State lawmakers have said "huge, big numbers" are being discussed, but even they don't know the details. Michigan recently approved a $200 million annual job-creation tax incentive package to sweeten its offer to Foxconn.

"I hope that cooler heads prevail when putting these incentive packages together," Steve Deller, a University of Wisconsin-Madison professor of agriculture and applied economics, said Tuesday. "Sometimes states get so caught up in playing the game that they lose sight of the costs these incentives incur. Wisconsin has historically not played that game."

More: http://www.chicagotribune.com/business/

There are several threads on the matter of state incentives and what they really get in return here on the forum. On another note what happened to those 10,000 jobs that "could" be coming from U.S. Steel ? You are all aware as well that Foxconn pulled something similar a few years back promising but not delivering on the factories and the jobs here in the U.S. - yes ?

4   BayAreaObserver   ignore (1)   2017 Jul 27, 2:17am   ↑ like (0)   ↓ dislike (2)     quote      

The agreement represents an opportunity as well as a risk for Wisconsin — state lawmakers must now consider a subsidy package nearly 50 times bigger than the state's previous record.

From the comments on these articles in the Milwaukee Paper seems the average Joe Six Pack is just a bit leery of the hidden costs of getting these jobs.

http://www.jsonline.com/story/news/2017/07/26/scott-walker-heads-d-c-trump-prepares-wisconsin-foxconn-announcement/512077001/

MADISON - A plan to bring a massive Foxconn Technology Group plant to Wisconsin could cost $1 billion to $3 billion in local, state and federal incentives over coming years — a stunning sum for a project that backers say could transform the state’s economy.

http://www.jsonline.com/story/news/politics/2017/07/25/foxconn-deal-could-include-more-than-1-billion-taxpayer-backed-incentives/509975001/

If this plant is similar to semiconductor plants, it will also require a huge amount of water from you guessed it, Lake Michigan and nary a peep about what kind of deal would be struck for that water useage and disposal etc. not to mention other environmental costs and concerns...

http://spectrum.ieee.org/podcast/semiconductors/design/semicondutor-manufacturing-plants-can-use-as-much-water-as-a-small-city

5   errc   ignore (2)   2017 Jul 27, 3:17am   ↑ like (1)   ↓ dislike (1)     quote      

Concerns are increasing among lawmakers and others in Wisconsin over what incentives the state may offer to become the first U.S. home of Taiwanese electronics giant Foxconn.

---------

Eliminate the minimum wage so workers can compete with the Chinese labor, just as the Founding Fathers intended!!

6   AllTruth   ignore (1)   2017 Jul 27, 7:18am   ↑ like (3)   ↓ dislike (1)     quote      

Wisconsin (taxpayers) and/or the Fed Gov't (taxpayers) will be tax-subsidizing this

"if it's built facility"

To the tune of

$240,000 to $307,000 per job

For mainly assembly line or station jobs

Having median salary estimated to be $17 per hour

BRILLIANT!

These types of projects are the worst type of corporate welfare.

Foxconn gets free labor for nearly 10 years and taxpayers pay for it and much more.

At least Carrier in Indiana ONLY got 7 to 13 million from taxpayers to safe 700 to 900 jobs that NOW ENDED UP IN MEXICO ANYWAYS.

MAGA&WIN TILL IT HURTS!!!

7   BayAreaObserver   ignore (1)   2017 Jul 28, 3:11am   ↑ like (0)   ↓ dislike (0)     quote      

Wisconsin and Foxconn Sign $3 Billion Assistance Agreement

The Wisconsin package includes up to $1.5 billion in income tax credits for job creation, $1.35 billion in income tax credits for capital investment and up to $150 million in sales tax exemptions for construction material purchases, according to a document prepared by the state’s economic development agency.

The incentives, which would be spread over 15 years, would be pro-rated based on how much is spent and how many jobs are actually created, according to the Wisconsin Economic Development Corporation. There are provisions that would require Foxconn to repay portions of the tax credits if the jobs and investment aren’t kept in Wisconsin.

Walker’s embrace of taxpayer money for Foxconn is in conflict with his limited-government philosophy. He’s also previously backed public subsidies for a Milwaukee professional basketball arena and for Wisconsin-based companies such as Kohl’s, subsidies that would be described as "corporate welfare" by some in his party.

“I believe people create jobs, not the government,” the governor said in an April 2015 speech in New Hampshire as explored a presidential bid.

More: https://www.bloomberg.com/news/articles/2017-07-28/wisconsin-and-foxconn-sign-3-billion-assistance-agreement

9   TwoScoopsPlissken   ignore (0)   2017 Aug 7, 2:57pm   ↑ like (0)   ↓ dislike (0)     quote      

BayAreaObserver says

Wisconsin and Foxconn Sign $3 Billion Assistance Agreement

How much does Elon Musk get? Let's kill that subsidy too.

10   Strategist   ignore (1)   2017 Aug 7, 3:15pm   ↑ like (0)   ↓ dislike (0)     quote      

zzyzzx says

A source said that seven states were considered for the expansion, but Wisconsin appears to be a preliminary winner, and Ohio is a contender. About 10,000 jobs could be created.

Maybe 10,000 jobs to build the factory. But what happens after that? It will be all robots. An engineer and a couple of security guards may be the only humans.

11   Strategist   ignore (1)   2017 Aug 7, 3:16pm   ↑ like (0)   ↓ dislike (0)     quote      

TwoScoopsMcGee says

BayAreaObserver says

Wisconsin and Foxconn Sign $3 Billion Assistance Agreement

How much does Elon Musk get? Let's kill that subsidy too.

No no no. Lets kill the oil industry subsidies. Those slimy oil men are worth trillions.

12   BayAreaObserver   ignore (1)   2017 Sep 6, 3:56pm   ↑ like (0)   ↓ dislike (0)     quote      

This link is updated whenever additional information on the Foxconn facility is released. Worth your time, includes those for and against as well as the degree of the "grand bargain" that taxpayers will be stuck with for years. Check back on it often especially with the 2018 elections coming to see how it compares to any "grand bargains" that may show up in your home state.

Everything Foxconn in Wisconsin

http://www.jsonline.com/topic/d3f4bd6b-79ec-4be9-97d5-a74841252fb4/foxconn-international-holdings/

Today's Installment: Must we give Foxconn everything - even our water? http://www.jsonline.com/story/opinion/contributors/2017/09/05/stollenwerk-must-we-give-foxconn-everything-even-our-water/632974001/
13   BayAreaObserver   ignore (1)   2017 Dec 16, 3:47pm   ↑ like (0)   ↓ dislike (0)     quote      

Deadline missed for $60 million Foxconn fund deposit, but source says it's a minor wrinkle.

A deadline came and went Friday for Foxconn Technology Group to deposit $60 million into a special account as specified by its contract with Mount Pleasant and Racine County.

However, a representative of the local governments said the problem is only a minor wrinkle arising from the complications of preparing necessary paperwork to create the account.

The account is expected to be established and the money deposited within the next few days, according to a joint statement late Friday afternoon from attorneys for the village, the county and Foxconn.

The Foxconn deal has faced and overcome delays at the state level. The board of the state’s jobs agency scheduled an Oct. 17 vote on the project only to postpone it because the two sides hadn’t finalized their agreement, sparking speculation from some that the deal was in trouble.

But those rumors proved short-lived.

Mark Hogan, the head of the Wisconsin Economic Development Corp., held out for and won guarantees that Foxconn and company chairman Terry Gou would back up job targets in the deal to the tune of up to $500 million or more. With those guarantees in place, the WEDC board approved the state’s contract with Foxconn on Nov. 8.

The Foxconn project is the biggest economic development deal in Wisconsin's history and is supported by billions in state and local aid.

Wisconsin has pledged up to $3 billion in incentives. Up to $2.85 billion of that could come in cash over the next 15 years. The state also would waive another $150 million in sales taxes on construction materials.

https://www.jsonline.com/story/money/business/2017/12/15/foxconn-misses-fund-deposit-deadline-but-source-says-its-minor-wrinkle/955238001/
14   APOCALYPSEFUCKisShostikovitch   ignore (26)   2017 Dec 16, 3:53pm   ↑ like (0)   ↓ dislike (0)     quote      

The place will be filled with illegals and the ACLU will sue them for shooting bench workers who fail to make targets. The factory managers will be 'retired' PRC executive officers who delight in crucifying Mexican catholics to make examples of slackers.
15   HEYYOU   ignore (6)   2017 Dec 16, 5:14pm   ↑ like (0)   ↓ dislike (1)     quote      

49 states should boycott FoxCON products.
No jobs,NO SALES!

So glad dumbass Americans made these Chinks rich.
16   BorderPatrol   ignore (1)   2017 Dec 16, 8:16pm   ↑ like (1)   ↓ dislike (1)     quote      

The other 999 factories are stil in Asia lol.

This is all show. Trump begged cook. Please just one factory I need to push this tax bill.
17   anon_01022   ignore (0)   2017 Dec 17, 3:39pm   ↑ like (0)   ↓ dislike (0)     quote      

Yeah, it's amazing what a $3 billion dollar gift to a company will buy.

http://money.cnn.com/2017/09/18/news/scott-walker-signs-foxconn-deal/index.html "That means the state will pay between $15,000 and $19,000 dollars per job per year, assuming 13,000 positions are actually created."

So, companies are willing to hire Americans if the American tax payer pays for their salaries. How is this different from having more government workers? The government might as well be the official employer. At least that way the American people also own the profits from the factory.
18   anon_01022   ignore (0)   2017 Dec 17, 3:39pm   ↑ like (0)   ↓ dislike (0)     quote      

This deal is the opposite of free markets. It's socialism.

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