By the Numbers: How the false promise of Foxconn adds up
Reviewing the Foxconn costs and risks, without the rose-colored glasses, presents different assumptions about Foxconn job creation yield and their price tag for taxpayers. The cost of the proposed new tax credits for the tentative deal with Foxconn could be far larger per job created than some people have suggested. Those costs will vary greatly depending on the ratio of spending for payroll versus the capital expenditures. The more that Foxconn invests in its facilities and state-of-the-art automation, rather than payroll, the more the proposed deal will cost state taxpayers per job created. A new Wisconsin Budget Project report...
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