MADISON, Wis. (AP) – Gov. Scott Walker’s top aides offered legislators another round of assurances Tuesday that a Foxconn Technology Group plant in southeastern Wisconsin would transform the state’s economy but promised the company would lose out on state incentives if it doesn’t deliver.
Foxconn has proposed building a $10 billion facility to produce liquid-crystal display panels in Kenosha or Racine counties. The Taiwanese company has said the factory could employ up to 13,000 people. Walker has drawn up a bill that would hand the company $3 billion in incentives, including tax credits based on jobs created and capital investment, exemptions from environmental regulations and exemptions from state and local sale taxes on construction materials.
The Assembly approved the bill last week, but the Senate has been moving more cautiously. The Legislature’s Joint Finance Committee, made up of both representatives and senators, held a public hearing on the measure Tuesday
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