MENU

Senate approves $3 billion for Foxconn

foxconn_logo.png
.

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.

COPYRIGHT 2017 THE ASSOCIATED PRESS. ALL RIGHTS RESERVED. THIS MATERIAL MAY NOT BE PUBLISHED, BROADCAST, REWRITTEN OR REDISTRIBUTED.

FOLLOW US ON TWITTER