The Latest: Foxconn praises Wisconsin passage of bill
MADISON, Wis. (AP) - The Latest on Wisconsin Legislature's vote on Foxconn bill (all times local):
3:20 p.m.
Foxconn Technology Group says it looks forward to making Wisconsin a "center of worldwide high-tech manufacturing."
The Taiwan-based company praised the passage Thursday of a $3 billion incentive package for the electronics giant. Foxconn plans to build a massive display-screen factory in southeast Wisconsin. It would be the first of its kind outside of Asia.
Foxconn says in an unsigned statement that it is thankful for the "vote of confidence" and says the $3 billion will "help us move forward with our plans to build the state-of-the-art advanced display manufacturing campus."
Foxconn says it also plans to "make use of the extensive supply chain in the state."
Republican Gov. Scott Walker is expected to sign the bill as soon as next week.
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2:30 p.m.
A $3 billion incentive package for Taiwan-based Foxconn Technology Group is headed to Wisconsin Gov. Scott Walker for his approval.
The Wisconsin Assembly passed the bill Thursday on a bipartisan 64-31 vote. It cleared the Senate earlier in the week and will become law once the Republican governor signs it.
Walker says he looks forward to signing it quickly.
Walker negotiated the deal with Foxconn for it to build a flat-screen display factory in the state. Foxconn says it could invest up to $10 billion and employ 13,000 people at the facility, which would be the first of its kind outside of Asia.
All Assembly Republicans and four Democrats voted for the bill. Two Republicans joined all other Democrats against it.
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11:30 a.m.
The Wisconsin Assembly is debating a $3 billion incentive package to lure Taiwan-based Foxconn Technology Group to the state.
The Republican-controlled Assembly was expected to pass the measure Thursday afternoon, sending it to Gov. Scott Walker. He negotiated the deal for Foxconn to invest up to $10 billion on a flat-screen display factory that could employ up to 13,000 people.
Democrats have largely opposed the deal, saying it doesn't provide enough protections for taxpayers. Foxconn could get $2.85 billion in cash payments tied to investments and job creation.
Foxconn is the largest contract manufacturer of electronics, best known for making iPhones in China. Wisconsin competed with several other states to land the massive Foxconn factory which will make liquid crystal display panels.
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12:07 a.m.
The Wisconsin Legislature is set to approve a $3 billion incentive package to lure Taiwan-based Foxconn Technology Group to the state.
Foxconn plans to build the first flat-screen display factory outside Asia in southeast Wisconsin, not far from Chicago.
The state Assembly is planning a final vote Thursday on the bill that would make $2.85 billion available to Foxconn in cash payments if it invests $10 billion and hires 13,000 workers. The Senate approved the proposal Tuesday.
Final sign-off by the Assembly sends the measure to the project's lead champion, Republican Gov. Scott Walker.
Foxconn is the largest contract manufacturer of electronics, best known for making iPhones in China. Wisconsin competed with several other states to land the massive Foxconn factory which will make liquid crystal display panels.