A new chapter in the cautionary tale.
Foxconn Technology Group and the state of Wisconsin have reached a new deal, reducing tax breaks for a scaled-back project planned for Racine County in southeast Wisconsin, reports Scott Bauer for the Associated Press.
The terms of the deal, negotiated with Wisconsin Economic Development Corp., are still unannounced, but they follow a historic tax deal negotiated with the company in 2017, and touted as a major political victory for former Gov. Scott Walker and former President Donald Trump, before falling well short of expectations. The original deal promised $4 billion in tax breaks from the state, and concessions in environmental regulations, in return for the construction of a $10 billion manufacturing facility once promised to employ as many as 13,000 people.
A press release from the office of Wisconsin Gov. Tony Evers announced the new deal.
FULL STORY: Foxconn, Wisconsin reach new tax break deal for scaled-back project
Another EPA Rollback, Tailor-Made for Gov. Walker and Southeast Wisconsin
Politics and economics win over public health in Racine County as the EPA exempted the area around the Foxconn's massive facility from meeting stricter ozone pollution standards, saving the company from investing in smog-reducing equipment.
Wisconsin Canceling its Checks to Foxconn
The Republican Party once touted a deal to bring Foxconn to Wisconsin as evidence of their commitment to bringing manufacturing jobs back to the U.S., but the deal has soured, potentially beyond rescue.
Foxconn Changes its Mind (Again)
Foxconn has reversed course, reinstating plans to build a manufacturing plant in Wisconsin after casting doubt on the idea earlier this week.
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
EV Infrastructure Booming in Suburbs, Cities Lag Behind
A lack of access to charging infrastructure is holding back EV adoption in many US cities.
Seattle Road Safety Advocates Say Transportation Levy Perpetuates Car-Centric Status Quo
Critics of a proposed $1.3 billion transportation levy say the package isn’t enough to keep up with inflation and rising costs and fails to support a shift away from car-oriented infrastructure.
Appeals Court: California Emissions Standards Upheld
The U.S. Environmental Protection Agency and the California Air Resources Board, the nation's two most powerful environmental regulatory agencies, won an important round in federal court last week. But the emissions standards battle may not be over.
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