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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 1,725 views   24 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 (5)   ↓ 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 (3)   ↓ 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   anonymous   ignore (null)   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!!

4   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!!!

6   TwoScoopsOfDragonEnergy   ignore (1)   2017 Aug 7, 2:57pm   ↑ like (0)   ↓ dislike (0)   quote        

anonymous says

Wisconsin and Foxconn Sign $3 Billion Assistance Agreement

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

7   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.

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

TwoScoopsMcGee says

anonymous 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.

9   APOCALYPSEFUCKisShostikovitch   ignore (30)   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.
10   HEYYOU   ignore (13)   2017 Dec 16, 5:14pm   ↑ like (0)   ↓ dislike (2)   quote        

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

So glad dumbass Americans made these Chinks rich.
11   WatermelonUniversity   ignore (1)   2017 Dec 16, 8:16pm   ↑ like (1)   ↓ dislike (2)   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.
12   anonymous   ignore (null)   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.
13   anonymous   ignore (null)   2017 Dec 17, 3:39pm   ↑ like (0)   ↓ dislike (0)   quote        

This deal is the opposite of free markets. It's socialism.
14   TwoScoopsOfDragonEnergy   ignore (1)   2018 Apr 30, 6:53pm   ↑ like (1)   ↓ dislike (0)   quote        

Official Contractor Call made for Milwaukee Foxconn Factory, estimated to be larger than Boeing's Operations in Seattle, three times the size of the Pentagon (the world's largest office complex).

https://www.jsonline.com/story/money/business/2018/04/13/foxconn-information-session-contractors-set-downtown-milwaukee/516266002/
15   Feux Follets   ignore (1)   2018 May 1, 7:31am   ↑ like (0)   ↓ dislike (0)   quote        

To locate in Wisconsin, a key glass supplier to Foxconn wants financial help from the Taiwanese electronics giant or state taxpayers that could run into the hundreds of millions of dollars.

Corning Inc. could bring hundreds of additional jobs to southeastern Wisconsin but statements by the glass maker's top executive raise new questions about whether the state could have to pay extra to land them. State and local taxpayers have already committed $4 billion in subsidies for the massive liquid crystal display plan that Foxconn is building in Racine County.

Corning Inc. chief executive officer Wendell Weeks said last week that his company wanted to "keep 100% of revenues and profits" but pay no more than one-third of the cost to site a glass plant alongside Foxconn's LCD plant.

https://www.jsonline.com/story/news/politics/2018/05/01/foxconn-glass-maker-could-want-hundreds-millions-dollars-help-locate-alongside-massivefoxconn-factor/565994002/
16   Feux Follets   ignore (1)   2018 May 1, 7:33am   ↑ like (0)   ↓ dislike (0)   quote        

Complete coverage of all things FoxConn in Wisconsin, not just the feel good stuff for Team Trump.

https://www.jsonline.com/topic/d3f4bd6b-79ec-4be9-97d5-a74841252fb4/foxconn-international-holdings/
17   HEYYOU   ignore (13)   2018 May 1, 8:35am   ↑ like (0)   ↓ dislike (0)   quote        

"The Wisconsin Department of Natural Resources approved a request to divert 7 million gallons of water a day to the area where Foxconn is building its new plant."

" (the rest of the water will be treated and then returned to the lake basin)."

No corporation has ever returned polluted water back to the environment?
At least all the profits will stay in the U.S. to MAGA?

https://motherboard.vice.com/en_us/article/wj73x9/foxconn-just-got-permission-to-start-draining-lake-michigan-to-make-lcd-screens
18   Quigley   ignore (0)   2018 May 1, 8:45am   ↑ like (0)   ↓ dislike (0)   quote        

Foxconn is an evil corporation and Scott Walker is a dipshit. Still, dipshits often get votes for getting results, even when they give away the farm for a few pigs.
19   TwoScoopsOfDragonEnergy   ignore (1)   2018 May 1, 9:05am   ↑ like (1)   ↓ dislike (0)   quote        

Huge Obama subsidies in the form of half a billion dollars in loan guarantees for a Solar Company that ended up bankrupt mere months after receipt- YAY!
Huge Obama and California subsidies for Tesla - YAY!
Huge Obama and Dem Congress subsidies and bailouts for Auto Manufacturers, to be used as they wish, no requirement to keep open US Factories - YAY
Some Subsidies to get one of the world's largest electronics plants open in Wisconsin, a proven business that makes money with actual demand - NOOOOO!
20   Feux Follets   ignore (1)   2018 May 15, 5:18am   ↑ like (0)   ↓ dislike (0)   quote        

Foxconn Technology Group has selected Brookfield-based Hammes Co., a company led by a Republican megadonor with close ties to Gov. Scott Walker, as the master planner for its Mount Pleasant factory, it announced Monday.

Hammes is Walker’s campaign finance chairman for his re-election bid and served in that role during Walker’s 2015 presidential run.

Hammes is part owner of the Milwaukee Bucks and has given hundreds of thousands of dollars to Republicans and causes over the years.

https://www.jsonline.com/story/money/business/2018/05/14/foxconn-selects-hammes-co-master-planner-mount-pleasant-plant/608539002/

Who could have ever imagined something like crony capitalism in Wisconsin ? Talk about draining the swamp. Wow...

All America has to do now is wait for those 13,000 well paying jobs to show up and the Wisconsin taxpayers to get their return on their investment.
21   Feux Follets   ignore (1)   2018 May 22, 5:43am   ↑ like (0)   ↓ dislike (0)   quote        

Village of Mount Pleasant moves toward declaring Foxconn site a 'blighted area'.

Mount Pleasant’s Community Development Authority voted Wednesday in favor of declaring some 2,800 acres of mostly open farmland — the future site of Foxconn’s massive electronics factory and surrounding development — to be a blighted area.

The action, a recommendation to the Village Board, paves the way for the community potentially to exercise a controversial use of eminent domain power to acquire land from holdout property owners.

That may not be necessary. The great majority of the small landholders who have not yet sold to the village could instead see their property taken by the more conventional use of eminent domain to widen roads, if they don’t sell voluntarily.

Wednesday’s 6-1 vote followed a meeting marked by emotional statements from several homeowners and occasional bursts of applause as residents sought to make their case.

Marcuvitz has said Mount Pleasant is properly using a section of state law that allows an area to be declared blighted even though not a single property within it is blight-ridden in the generally understood sense of being dilapidated or decayed.

That section of the law provides a broad definition of a “blighted area” within a redevelopment zone. An area can be blighted if it is predominantly open and, because of diverse ownership, obsolete platting or even for unspecified reasons, “substantially impairs or arrests the sound growth of the community.”

https://www.jsonline.com/story/money/business/2018/05/09/mount-pleasant-moves-toward-declaring-foxconn-site-blighted-area/597082002/
22   bob2356   ignore (1)   2018 May 22, 5:53am   ↑ like (0)   ↓ dislike (0)   quote        

TwoScoopsOfDragonEnergy says
Huge Obama subsidies in the form of half a billion dollars in loan guarantees for a Solar Company that ended up bankrupt mere months after receipt- YAY!
Huge Obama and California subsidies for Tesla - YAY!
Huge Obama and Dem Congress subsidies and bailouts for Auto Manufacturers, to be used as they wish, no requirement to keep open US Factories - YAY
Some Subsidies to get one of the world's largest electronics plants open in Wisconsin, a proven business that makes money with actual demand - NOOOOO!


Good imigination. Didn't happen, but good imigination.
23   TwoScoopsOfDragonEnergy   ignore (1)   2018 May 22, 9:32am   ↑ like (0)   ↓ dislike (0)   quote        

bob2356 says
Good imigination. Didn't happen, but good imigination.



Wow, you really debunked all that. Apparently Chrysler and GM didn't get huge bailouts they weren't required to spend in the USA and everything else under Obama.

And the money wasn't paid back, either, even according to Left biased fact checkers.
https://www.factcheck.org/2011/06/chrysler-paid-in-full/
24   Feux Follets   ignore (1)   2018 May 23, 6:23pm   ↑ like (1)   ↓ dislike (0)   quote        

Worth keeping an eye on this story to see where it goes.

Taiwanese electronics manufacturer Foxconn on Wednesday emphatically denied a report that it may scale back its initial investment at a planned facility in southeastern Wisconsin.

The report, published Wednesday by the financial news publication Nikkei Asian Review, said Foxconn is considering producing smaller screens at the Wisconsin plant than originally planned in order to lower initial costs at its proposed $10 billion campus in Mount Pleasant. The article cited industry sources and people familiar with the matter.

The Nikkei story was updated after its initial publication with a statement from Foxconn.

Foxconn has promised to invest $10 billion to build an LCD panel manufacturing plant in southeastern Wisconsin that will create between 3,000 and 13,000 jobs.

In exchange, the state will offer about $3 billion in refundable tax credits — the largest subsidy to a foreign company in U.S. history — delivered on a "pay as you grow" basis tied to job creation and capital investment benchmarks. If the company fails to meet certain benchmarks, benefits may be clawed back.

In addition to offering tax credits, Wisconsin has also agreed to relax some environmental regulations and change the process for legal appeals for the company. The state is expected to break even on the deal in 2043, according to an analysis by the nonpartisan Legislative Fiscal Bureau.

The Wisconsin facility had been expected to produce large LCD panels, primarily for televisions, but the Nikkei report said the company is now considering "making diversifying displays for cars, personal computers, tablets, mobile devices, televisions and niche products."

"Supply chain sources suggest the incomplete local supply chain was a big obstacle to Foxconn's previous plan to churn out large panels from a 10.5th-generation production line for TV screens in Wisconsin," according to the report.

http://host.madison.com/ct/news/local/govt-and-politics/election-matters/foxconn-refutes-report-that-it-will-cut-back-initial-investment/article_2f0886aa-87eb-588b-9635-c07172b7b0e1.html

https://asia.nikkei.com/Business/Companies/Foxconn-opts-to-make-smaller-displays-at-Wisconsin-plant

https://www.jsonline.com/story/money/business/2018/05/23/foxconn-shifts-focus-away-large-display-panels-article-says/636800002/




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