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Rep. Wachs Votes Against Foxconn Contract PDF Print E-mail
News
Written by Assembly Democrats   
Thursday, 09 November 2017 16:48

walker-wedcThese billions of dollars could be spent on thousands of Wisconsin startups, using our homegrown talent and taking advantage of the entrepreneurial spirit that we have here in Wisconsin instead.


MADISON - On Wednesday, November 8th, the Wisconsin Economic Development Corporation (WEDC) Board of Directors met to vote on the Foxconn contract. In his first official meeting as a member of the WEDC Board, Rep. Dana Wachs (D-Eau Claire) voted against the contract, expressing concerns over the unprecedented investment in one single foreign company.

dana_wachs“I cannot in good conscience vote for a contract that is such a massive gamble in a foreign company,” said Wachs. “These billions of dollars could be spent on thousands of Wisconsin startups, using our homegrown talent and taking advantage of the entrepreneurial spirit that we have here in Wisconsin.”

Wachs expressed similar concerns when the Legislature passed the Foxconn proposal in August and September. The approval of the contract by the WEDC Board marks an important step for the project.

“Since we received this contract a few days ago, I have spent hours reviewing it and reading the supporting materials and I remain gravely concerned that we are putting too many eggs in one basket,” added Wachs. “I support economic development and job creation measures that ensure a reasonable investment of taxpayer money in multiple industries and fields, and the Foxconn deal is just too much of a risky investment in one company.

“Those of us who serve on the WEDC Board and in the Legislature are entrusted with responsibility. We must invest taxpayer money wisely and with the highest rate of return. I simply cannot vote for $3 billion in tax credits for one company when that money could be more effectively used elsewhere.”

 
Secret $3 Billion Foxconn Contract Approved Without Public Vetting PDF Print E-mail
News
Written by Democratic Party of Wisconsin, Melanie Conklin   
Thursday, 09 November 2017 16:31

walker-open-for-businessGov. Walker’s WEDC passes Foxconn deal behind closed doors

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Troubled Jobs Agency Finalizes $3 Billion Foxconn Contract PDF Print E-mail
News
Written by Wisconsin Senate Democrats, Kate Constalie   
Thursday, 09 November 2017 15:58

walker-terry-gou-foxconn-flagWalker prioritizes foreign corporation over local schools and roads.


MADISON, WI – Since Governor Walker and Republican lawmakers formed the Wisconsin Economic Development Corporation (WEDC) in 2011, the agency has been plagued by scandals, mismanagement and under-performance. Despite ongoing management issues and accounting problems, Gov. Walker’s jobs agency approved the final contract paving the way for the largest taxpayer giveaway to a foreign corporation in U.S. history.

jennifer-shilling“Gov. Walker and his administration are putting home-grown businesses at a competitive disadvantage while committing taxpayers to decades of economic costs and liabilities,” said Senate Democratic Leader Jennifer Shilling (D-La Crosse). “Our state has the third worst roads in the nation and our schools are struggling. It’s no surprise that Wisconsin residents and communities are frustrated by Gov. Walker’s decision to prioritize tax giveaways to a foreign corporation.”

school-closedWith the high unpredictability in the electronics industry, workforce shortage issues and the company’s stated desire to automate its manufacturing operation, it is unclear how many of the promised jobs will materialize. Numerous media outlets have highlighted a pattern of Foxconn’s broken promises on economic development.

“For the past six years, Gov. Walker’s administration hasn’t been able to track job numbers or prevent tax dollars from going to companies that have outsourced Wisconsin jobs,” said Shilling. “Despite these glaring problems, Republicans are putting this troubled agency in charge of the largest taxpayer-funded giveaway to a foreign corporation in U.S. history. I’m not convinced by any stretch of the imagination that this administration is able to protect taxpayers and hold Foxconn accountable if it doesn’t live up to its promises.”

The cash payments made to Foxconn will result in fewer state dollars going to local schools, roads and community development. Under the best-case scenarios, it will be at least 25 years until the state could potentially break even on its investment. Rather than massive tax breaks and special loopholes for a foreign corporation, Democrats have said the state should prioritize investments in Wisconsin workers, businesses and communities.

 
Legislature Abandons Wisconsin Families PDF Print E-mail
News
Written by League of Conservation Voters, Ryan Billingham   
Thursday, 09 November 2017 12:48

clean-drinking-waterIndustrial Acid Mining Bill Will Put Public Health at Risk for Generations.

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