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Too Good To Be True

When first announced in 2017, Foxconn's plan to build a massive electronics factory in Wisconsin was hailed by then-President Donald Trump as a sign of the rebirth of American manufacturing, and the "eighth wonder of the world".

But nearly four years later, the complex that promised to create a Silicon Valley in the industrial Midwest is essentially a white elephant, a collection of mostly empty buildings without any high-tech products to build.

And this week it became official: The pledged investment of up to $10 billion to create as many as 13,000 jobs is not coming.

The Wisconsin Economic Development Corp. and the Taiwanese electronics maker signed a revised incentive deal outlining a $672 million investment from Foxconn that will create fewer than 1,500 jobs. The incentives package now totals only $80 million, less than 3% of the nearly $3 billion in tax breaks and other perks the state originally promised.
luckranger71 · 51-55, M
Just another instance of Evers cleaning up Scooter Walker's messes.
Graylight · 46-50, F
Unfortunately, Trump built dozens of factories that don't exist. A booming coal industry that no longer exists. Auto manufacturing plants that will never be.

What's tragic is that guys like him never stay around long enough to see the damage of their scams.
Northwest · M
[@627992,Graylight] And his supporters think these things actually happened. More walls.

 
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