News

Lawmaker and economist differ on critical study of Foxconn

A university study of the Foxconn project concluded that the tax breaks and other incentives could be costly in the long-run to counties statewide, including Door and Kewaunee.  The George Mason University survey says the $3.6-billion in incentives could depress economic activity in the state by tens of billions of dollars over the next 15-years.  The study concludes the incentives would be made up for through higher taxes for other companies and individuals and reduce investment in public services. State Senator Dave Hansen of Green Bay believes that type of investment would have been better spent helping Wisconsin counties.

 

 

 

A UW-Madison economics professor, however, believes the George Mason University study did not consider other factors.  Noah Williams says similar tax incentives have been used on other projects and are not uncommon in neighboring states.

 

 

 

State tax incentives for Foxconn were also contingent on the creation of 13,000 jobs over 15 years in addition to the construction of a manufacturing center in Racine County and regional technology centers in communities around the state including Green Bay.

Search Our Site

Current Weather

STURGEON BAY WEATHER

CANCELLATIONS

Poll

With many events canceled this year due to COVID-19, how have you passed the time?
Add a Comment
(Fields are Optional)

Your email address is never published.

Sports Poll

Do you agree with the Big Ten's decision to cancel the fall sports season?
Add a Comment
(Fields are Optional)

Your email address is never published.

Obituaries are provided as a service of the

Schinderle Funeral Home of Algoma

Obituaries

Bill Casey

Click Here for more Obituaries

Obituary posting fee is $25

Newsletter

Sign up for our Daily Electronic Newspaper!

Get the latest news with our Daily Electronic Newspaper delivered to your inbox.

Get the latest updates for Big Deals delivered to your inbox every Monday, Wednesday & Friday.