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It's a big game hunt, with big investment and a lot of jobs on the line.
This week, Wisconsin's governor signed the legislation that landed a monster project from Taiwan-based Foxconn, which is promising1 a 10 billion dollars investment and up to 13,000 jobs.
But at what price to taxpayers2?
Daniel Howes, Detroit News business columnist3, joined Stateside to discuss what this deal means for Wisconsin.
Foxconn has been promised 3 billion dollars over the course of 15 years to essentially4 offset5 startup costs, for which taxpayers are on the hook.
Michigan was also vying6 to attract Foxconn before losing out to Wisconsin. While the deal fell through at the time, Lansing is still angling to land a deal with the Taiwanese electronics company in the future. Howes doesn't think Michigan is in a position to make an offer like Wisconsin's, though.
Listen above for the full conversation.
1 promising | |
adj.有希望的,有前途的 | |
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2 taxpayers | |
纳税人,纳税的机构( taxpayer的名词复数 ) | |
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3 columnist | |
n.专栏作家 | |
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4 essentially | |
adv.本质上,实质上,基本上 | |
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5 offset | |
n.分支,补偿;v.抵消,补偿 | |
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6 vying | |
adj.竞争的;比赛的 | |
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