Troubled Jobs Agency Finalizes $3 Billion Foxconn Contract |
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News - Articles for State & Local |
Written by Wisconsin Senate, Kate Constalie |
Thursday, 09 November 2017 15:58 |
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.
“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. |
Last Updated on Friday, 10 November 2017 16:46 |
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