Dear County Board of Supervisors,
A Better Mount Pleasant Sends:
Let the parsing begin. Wishful thinking presented as fact by Wisconsin commerce types. Even Tommy Thompson says he'd have negotiated a better deal. Mt. Pleasant just signed on to the whole deal with no questions asked.
And the Answer is .....
YES!
Even the Milwaukee Business Journal agrees!
On a per-job basis it appears Wisconsin paid more in incentives for its economic development prize Foxconn Technology Group than New York’s and Virginia’s incentives for Amazon.com Inc., but those involved in Wisconsin’s Foxconn deal say the state will get more bang for taxpayers’ bucks.
Wisconsin’s state financial incentives to Foxconn will reach $3 billion if the company spends $10 billion on its Racine County plant and equipment and hires 13,000 employees at an average wage of $53,000-plus.
Initial reports on the Amazon HQ2 incentive packages showed $1.5 billion in incentives from New York and $573 million for northern Virginia. The company plans to hire 25,000 employees at each location with average annual salary of $150,000.
However, the total bundle for New York is $2.8 billion including both state funds and tax breaks from the city, according to the Washington Post. And the Virginia package reaches $1.85 billion when including promises of state investments in higher education and improving the transportation system, according to the Richmond Times-Dispatch.
Tim Sheehy, president of the Metropolitan Milwaukee Association of Commerce (MMAC), points out that $1.35 billion of Wisconsin’s incentive package specifically ties to jobs Foxconn creates, while the rest is for construction. He compares it with job-creation incentives of about $1.7 billion each in New York and Virginia. Using those figures, Wisconsin is paying $103,00 per job while New York and Virginia each are paying about $68,000, Sheehy said.
“Wisconsin paid significantly more per job as an incentive,” he acknowledges.
On a per-job basis it appears Wisconsin paid more in incentives for its economic development prize Foxconn Technology Group than New York’s and Virginia’s incentives for Amazon.com Inc., but those involved in Wisconsin’s Foxconn deal say the state will get more bang for taxpayers’ bucks.
Sheehy also responded to the fact that while Foxconn agreed to pay an average annual salary of $53,875, Amazon says it will pay an average of $150,000 at its HQ2 sites. Sheehy believes the average Amazon employee will not receive that kind of salary and the figure is skewed by higher-paying positions in the $300,000 to $400,000 range.
On a per-job basis it appears Wisconsin paid more in incentives for its economic development prize Foxconn Technology Group than New York’s and Virginia’s incentives for Amazon.com Inc., but those involved in Wisconsin’s Foxconn deal say the state will get more bang for taxpayers’ bucks.Wisconsin’s state financial incentives to Foxconn will reach $3 billion if the company spends $10 billion on its Racine County plant and equipment and hires 13,000 employees at an average wage of $53,000-plus.Initial reports on the Amazon HQ2 incentive packages showed $1.5 billion in incentives from New York and $573 million for northern Virginia. The company plans to hire 25,000 employees at each location with average annual salary of $150,000.However, the total bundle for New York is $2.8 billion including both state funds and tax breaks from the city, according to the Washington Post. And the Virginia package reaches $1.85 billion when including promises of state investments in higher education and improving the transportation system, according to the Richmond Times-Dispatch.Tim Sheehy, president of the Metropolitan Milwaukee Association of Commerce (MMAC), points out that $1.35 billion of Wisconsin’s incentive package specifically ties to jobs Foxconn creates, while the rest is for construction. He compares it with job-creation incentives of about $1.7 billion each in New York and Virginia. Using those figures, Wisconsin is paying $103,00 per job while New York and Virginia each are paying about $68,000, Sheehy said.“Wisconsin paid significantly more per job as an incentive,” he acknowledges.
It would appear that Village President David DeGroot and his goose- stepping and unquestioning minions on the Board have been outfoxxed by the Walker/Trump inspired political theater aka Fox-Scam - if it even happens.
And there is no guarantee it will.....
Good luck to a reckless and unquestioning Village Board - except Gary Feest - while Village President David DeGroot takes Village Taxpayers on a ride to the "wild side"
One malfeasant crime after another - right? Village President David DeGroot?
Please join Cindy and I is JUST SAYING NO to allowing Wisconsin’s very own Gang of Four, Governor Scott Walker, Racine County Executive Jonathan Delagrave, City of Racine Mayor Cory Mason & MTP President David DeGroot to violate the Wisconsin Constitution (and their Oath of Office) by granting special rights to Corporate interests, stealing people’s property, destroying multi-generational Farms alongside an entire long established Community, loosening environmental protections, permitting heavy metals water pollution, instituting slave labor wages, providing taxpayer subsidies to multi-billionaire Corporations, and politician overreach.
Impoverishing the masses is merely conservation by other means.
Sincerely,
Tim & Cindy
Musta double copied a segment - but what the Hell - it needs to be double emphasized -
ReplyDeleteEnjoy the Collapse!