Scott Walker after announcing the first U.S. assembly plant for electronics giant Foxconn at the White House on July 26. If the company hits that growth target, Wisconsin would break even after 25 years, said Rob Reinhardt, a program manager who worked on the report. “The state of Wisconsin is investing in a once-in-a-lifetime economic development opportunity that will be transformational as the state will become home to the only LCD manufacturing facility outside of Asia,” said Mark Maley, spokesman for the Wisconsin Economic Development Corporation. If Foxconn fills jobs with workers from neighboring Illinois, where the unemployment rate is 4.7 percent, analysts predict the deal won’t start making money for Wisconsin until 2045. “This is an excellent investment for our entire state.”The governor has maintained the deal will spark more prosperity in Wisconsin.

Source: Washington Post August 09, 2017 20:58 UTC