A planned Foxconn manufacturing facility in southwest Wisconsin could cost taxpayers roughly $4.5 billion, a state assemblyman said Tuesday.
A planned Foxconn manufacturing facility in southwest Wisconsin could cost taxpayers roughly $4.5 billion, a state assemblyman said Tuesday.
Wisconsin Assemblyman Gordon Hintz (D) told reporters that a memo from the state legislature’s fiscal bureau indicated the cost of the facility to the public will likely be higher than the $3 billion Gov. Scott Walker (R) projected last year.
News of the memo was first reported by The Wisconsin State Journal .
Walker has said the manufacturing facility could employ as many as 13,000 people.
President Trump announced last summer that Foxconn would build its new $10 billion plant in Wisconsin to produce LCD screens. The White House touted the company’s investment as a boon to the state’s economy that would create thousands of jobs.
Trump later said Foxconn CEO Terry Gou told him privately that the company may invest as much as $30 billion in its U. S. manufacturing operations.
