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FoxConn Plant still under construction in Wisconsin
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Posted on 10/22/2020 8:17:33 AM PDT by SeekAndFind
later
Another Chinese scumbag company?
Say it ain’t so
Foxconn is Taiwanese
FoxConn is Taiwanese (Republic of China). They do have plenty of operations in Red China, though.
Believe Foxconn changed plans after Wisconsin elected a democrat governor. The same governor that let the rioters run wild in nearby Kenosha.
RE: Another Chinese scumbag company?
Well, it’s a Taiwanese company... but if you insist that Taiwan is part of China... then, yes.
There are Foxconn factories - drive to Racine County off I-94 - drive East look left.
Foxconn pulled back after Lunatic Tony Evers was elected. I was at the Racine County Development meeting on Foxconn expansion - it was 30 below zero that night.
No one in there right mind would invest in Wisconsin after a Rat governor let rioters have a free hand ! So it may be more like they just pulled the plug on the project rather then it be a scam.
Every state is addicted to “economic incentive” giveaways to lure companies to their state. If they all agreed to quit, it would end, but as long as one does it the rest will follow suit, lest they be at a disadvantage. None of them are smart enough to place performance guarantees on what is given, or to make them binding. Genenerally what happens is the incentives are given up-front, the company fails to meet the objectives that were set (such as number of jobs) and when the state presses, the company says “Well, the economic conditions that YOU have influence over have changed”. And they’re often right - consider the difference in the Wisconsin economy under Scott Walker vs under the Schoolteacher in Chief Tony Evers.
“Every state is addicted to “economic incentive” giveaways to lure companies to their state. “
For some reason no academics or journalists ever do a study on the true economic cost and impact of state and local “economic incentives”. It would not surprise me if an objective analysis showed in aggregate these incentives result in a net loss for the taxpayers of the communities. An objective analysis would also show how much money from these incentives ultimately flows into the hands of the politicians doling them out, and the developers also funding the politicians.
Where politicians are involved there will be corruption.
The giant Gen 10.5 panel plant fell through when the state failed to convince Owens-Corning to move here; they were going to manufacture the panel sheets, without that, there was no way to make and ship profitability the required panels. Foxconn was left with no option but to change plans. Was it all a scam anyway? Who knows.
Lol another scumbag Dem Gov hostile to business...was before he won (stole) election.
Terry Guo: Put the con in Foxconn.
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RE: Terry Guo: Put the con in Foxconn.
This man actually ran for the Presidency in Taiwan in 2019 under the Kuomintang party but was defeated in the primaries, finishing second with about 28% of the party vote.
The determination essentially confirms the state's worst fears: Foxconn and its founder, Terry Guo, never intended to actually build a factory in Wisconsin. They were merely in it to try and take advantage of whatever 'tax credits' the state - at the time led by Republican Gov Scott Walker - might hand out.
This is patently false. This ascribed to a world-wide, multinational corporation, one that had let contracts to make improvements to the site, hired employees only to run into roadblocks put up by the new administration, the intent to defraud. Nothing could be further from the truth... it’s just propaganda intended to smear Trump’s efforts.
Another article in Ars Technical on this claims that Trump was bragging that he had negotiated that Apple would manufacture the new Apple Mac Pro in Austin, Texas, but that article went on to make the claim that Apple had always manufactured Mac Pros in Austin. That was true, but ignored the fact that Apple had made the decision to have the NEW Mac Pro in Indonesia, not Austin, and but for Trump’s negotiations that is where it was going to be made. Apple changed it’s corporate mind and moved that manufacturing of an entirely NEW model to Austin, Texas, requiring retooling and an entirely new plant.
The requirement for the state incentives was the Foxconn was to hire more than 550 employees by the end of 2019. They did. But Tony Evers and his officials told them that they would only count HALF of those employees toward meeting that commitment and therefore Foxconn had not met the conditions of the contract, ergo, the State of Wisconsin was no longer obligated to pay the $3.3 billion dollars that they were supposed to advance to build the plant. . . Which just happened to be the amount that Foxconn was contracted to PAY at the end of 2019. Guess what. . . Work stopped. Things do not happen in a vacuum. That payment was going to be the source of the funds to make that payment!
Anything Progressives touch, they destroy! In this case because Trump had negotiated it, it was doubly important to destroy this agreement!
run by a 'Taiwanese' company that nevertheless has close ties with Beijing.
Thanks Swordmaker.
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