Track topics on Twitter Track topics that are important to you
Wisconsin Governor Scott Walker signed a bill on Monday granting $3 billion in tax incentives to Foxconn, paving the way for the Taiwan electronics giant to build a manufacturing plant in the state. Foxconn, maker of Apple's iPhone, is expected to invest up to $10 billion to build a flat-screen facility in the state -- with the promise of at least 3,000 new jobs, and possibly as many as 13,000. Wisconsin would provide up to $3 billion in tax subsidies as job promises are met -- the highest US government subsidy ever for a foreign company, according to fact-checking website PolitiFact.
Original Article: US state grants $3 billion in tax incentives to FoxconnNEXT ARTICLE