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As I See It

$200,000 jobs at Foxconn, compliments of Wisconsin taxpayers

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We knew the Foxconn deal was expensive. Now we’re finding out just how expensive. Wisconsin lawmakers pledged to give the Taiwanese company nearly $3 billion in state incentives in exchange for its promise to provide 10,000 jobs or more at its new plant when it is up and running. The Milwaukee Journal Sentinel looked at state incentives provided to other companies which promised to create jobs in the state in the last year, and found Wisconsin will pay eight times as much per job to Foxconn as those other companies will receive. The numbers are staggering. Wisconsin taxpayers are on the hook for providing more than $200,000 per job at Foxconn. The other Wisconsin companies which received state incentives for their promise to create new jobs averaged much less than what Foxconn is costing. The state is providing an average of $26,000 per job to other companies given state incentives in 2017. The next most expensive offering was $63,000 per job for Kwik Trip’s expansion in La Crosse. Wisconsin’s deal with Foxconn is much larger than most state subsides according to independent economists, even larger than what state’s were willing to pay to land a new Amazon plant. We sure hope this Foxconn deal works out like they tell us it will, because Wisconsin taxpayers are on the hook big time in this deal.

Scott Robert Shaw serves as WIZM Program Director and News Director, and delivers the morning news on WKTY, Z-93 and 95.7 The Rock. Scott has been at Mid-West Family La Crosse since 1989, and authors Wisconsin's only daily radio editorial, "As I See It" heard on WIZM each weekday morning and afternoon.

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