Latest: Gov. Walker signs $3 billion Foxconn incentives bill

MADISON, Wis. (AP) — Gov. Scott Walker has signed a $3 billion incentive package designed to lure a Foxconn Technology Group flat-screen plant to southeastern Wisconsin.

Walker signed the bill Monday afternoon during a packed ceremony at a technical college in Sturtevant in Racine County, the most likely location for the plant.

The bill provides nearly $3 billion in cash to Foxconn if it invests $10 billion in a new flat-screen factory in southeastern Wisconsin and employs 13,000 people. It extends $150 million in sales tax exemptions on construction equipment and allows the company to build in wetlands and waterways.

The package also gives the conservative-leaning state Supreme Court the option to take appeals of circuit court decisions related to the Foxconn project directly rather than having them heard by an intermediate appellate court.

RELATED CONTENT

Speaker Paul Ryan says he has no plans beyond this year Fiery Accident Leaves One Person Dead Liquidation sales beginning at Bon-Ton stores K-Town Rewind 4/20/18 KUSD Music Program Receives National Recognition WLIP Voice of Lake County 4/20/18
Comments