later
Another Chinese scumbag company?
Say it ain’t so
Believe Foxconn changed plans after Wisconsin elected a democrat governor. The same governor that let the rioters run wild in nearby Kenosha.
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.
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.
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.
Terry Guo: Put the con in Foxconn.
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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... its just propaganda intended to smear Trumps 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 Trumps negotiations that is where it was going to be made. Apple changed its corporate mind and moved that manufacturing of an entirely NEW model to Austin, Texas, requiring retooling and an entirely new plant.
note that they have received no money, so not much of a scam, and apparently Walker was smart enough to write the contract so that they got no money.