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this post was submitted on 15 Apr 2024
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Anyone remember the Foxconn building deal during the Trump presidency? It was supposed to prop Republicans up in the mid-terms of 2018.
The GOP offered a $2.85 billion subsidy so Foxconn would build an LCD panel manufacturing plant in Wisconsin. Apparently the subsidy was in the form of tax credits. Trump calls Foxconn "8th wonder of the world" despite its cost.
According to The Verge:
As far as I can tell (from skimming over a few recent news articles), they ultimately employed about 1000 people (7%-10% of what was promised). When negative reporting on the project ramped up, Republicans claimed that incoming Democratic governor Tony Evers tried to renegotiate the deal and blamed him. When that turned out to be a lie, Republicans pivoted to the more nebulous claim that Foxconn bailed because Wisconsin was unfriendly to business under its fresh Democratic governor.
This could be a great side-by-side comparison on how Dems vs. Reps handle such a project, but I doubt the average person caught in the news cycle still remembers Foxconn after nearly 6 years). 😅