Walker: Foxconn deal critics can "suck lemons"

LIVE STREAM: President Trump Holds Major Jobs Announcement

Trump takes credit for Foxconn $10b US plant

The investment, if followed through, will be seen as another victory for Trump, Wisconsin native House Speaker Paul Ryan and Governor Walker, who is running for reelection next year. Other states vying for the plant were Michigan, Illinois, Indiana, Ohio, Pennsylvania and Texas. Labor advocates say the company imposes excessive overtime and pressure on workers, especially when it ramps up production ahead of new iPhone launches.

The announcement Wednesday comes at a critical juncture for a Trump administration that pledged to generate manufacturing jobs but has struggled to deliver results as quickly as the president promised.

Trump praised Foxconn chairman Terry Gou at a White House event, asserting: "If I didn't get elected, he definitely wouldn't be spending $10 billion. So we want to start early, we want to look at all the opportunities whether it's in manufacturing, construction, IT, transportation, healthcare, finance and accounting there's just a whole abundance of high demand areas that we have across the state", said Walker.

Indeed, in an interview on the day of the announcement, Walker himself qualified the 13,000 figure as less than certain in discussing $3 billion in incentives Wisconsin is offering Foxconn.

The incentives would only be awarded if Foxconn creates the jobs and pays an average yearly wage of almost $54,000.

But Wisconsin officials said the state's higher education system is capable of producing enough employees by the time the plant opens in 2020.

Wisconsin would pay out tax incentives to Foxconn, the amount of which are subject to how numerous 13,000 promised jobs they actually create at a new LCD-panel manufacturing facility likely to be located in Racine County.

The United States has added 70,000 manufacturing jobs since November, bringing the total to almost 12.4 million, but has not added any net factory jobs in the last two months, according to the Bureau of Labour Statistics.

Legislation that would clear the way for the State of Wisconsin to provide up to $3 billion in tax incentives to electronics manufacturer Foxconn also includes provisions that would exempt the company from meeting some key environmental standards. Cutting-edge technology will be made in America, right here in Wisconsin.

Several critics have pointed to Foxconn's previous failures with USA -based development projects. In 2013, for example, Foxconn announced plans to build a $30 million plant in Pennsylvania.

Walker said he planned to call a special legislative session to consider the incentives. If the state legislature approves, half of this amount is meant for capital costs while the other half for workforce development and there would be some sales tax exemptions too, he said.

"Herzing University is excited about the economic growth in southeastern Wisconsin that will come from the Foxconn plant".

President Trump announced the news of this investment during a ceremony in White House on July 26, Wednesday.

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