David Koch

Wisconsin Assembly passes $3 billion for Foxconn

The Wisconsin Assembly approved a $3 billion tax break Thursday with bipartisan support for Taiwan-based Foxconn Technology Group to build a massive display panel factory in the state, a project President Donald Trump touted as a transformational win for the U.S. economy.

Foxconn announced three weeks ago it planned to invest $10 billion in Wisconsin on the first liquid crystal display panel factory located outside of Asia. The company, which employs about 1 million people in China, said it could eventually hire 13,000 workers at the Wisconsin facility.

As part of the deal, the Wisconsin Legislature must approve the $3 billion incentive package by the end of...

70°