MILWAUKEE, Wis. - The Wisconsin Senate has approved nearly $3 billion in cash payments for Taiwan-based Foxconn Technology Group.
Foxconn plans to construct a massive flat-screen production factory in the state.
The Republican-controlled Senate on Tuesday discounted Democratic concerns about the unprecedented $3 billion incentive package and passed the bill on a 20-13 vote.
The proposal now heads to the Wisconsin Assembly for a final vote Thursday.
Democrats argue there aren't enough protections for taxpayers under the deal.
Republican Gov. Scott Walker negotiated the deal and has been touting the plant as a once-in-a-lifetime opportunity for the state. Foxconn has said it may invest $10 billion in the state and employ up to 13,000 people.
In a statement received Tuesday night, Foxconn thanked Wisconsin lawmakers and said it eagerly awaits next steps in the project.
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