tag:blogger.com,1999:blog-6621691715090523319.post1819317786907490196..comments2023-10-08T04:12:46.273-05:00Comments on The Political Environment: Walker hails $10b Foxconn pledge; MJS says it's 'at least $9b'James Rowenhttp://www.blogger.com/profile/10203270946492159686noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6621691715090523319.post-86030798280160649332017-11-10T18:11:45.234-06:002017-11-10T18:11:45.234-06:00Also worth noting is that there only needs to be 1...Also worth noting is that there only needs to be 10,400 jobs to keep all of the tax giveaways. And they can wait 10 YEARS to do that, and only need to keep that level of staffing for another 5. Here's the schedule.<br /><br />Job thresholds, Foxconn <br />2018 260 <br />2019 520<br />2020 1,820<br />2021 3,640<br />2022 5,200<br />2023 7,150<br />2024 7,800<br />2025 8,450<br />2026 9,100<br />2027-2032 10,400<br /><br /> Walker plans on being long gone before we ever have to get our money back. Jake formerly of the LPhttps://www.blogger.com/profile/15660401299391001751noreply@blogger.comtag:blogger.com,1999:blog-6621691715090523319.post-22968020768446151262017-11-10T18:05:24.603-06:002017-11-10T18:05:24.603-06:00I would also point out that almost anything counts...I would also point out that almost anything counts as "investing" the required amount of money. The manufacturing equipment for example will likely come from somewhere other than Wisconsin and will be moved when Foxconn leaves for other locales. This reminds me of TIFF districts that always seem to never quite pan out and always need more loans and extensions of the tax deferred time periods. Right up until the bankruptcy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6621691715090523319.post-32775470045855110522017-11-10T17:08:46.000-06:002017-11-10T17:08:46.000-06:00Matt's story on the contract in the State Jour...Matt's story on the contract in the State Journal includes the same information. Somebody lost a billion dollars: "Though Gov. Scott Walker and Foxconn CEO Terry Gou agreed earlier this year on a $10 billion investment by the company, the contract only requires the company to invest $9 billion in the state to be eligible for tax credits. Hogan said the company still plans to invest $10 billion, but the construction tax credits are based on a $9 billion commitment."George H.https://www.blogger.com/profile/00510456908334451963noreply@blogger.com