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Foxconn

During a ceremony at the White House in July 2017, a beaming President Trump announced Foxconn was coming to Wisconsin.

The world's largest contract manufacturer of consumer electronics wanted to be in America, Trump said.

"Investing many, many billions of dollars, right here in America, creating thousands of jobs," Trump said. "And I mean, American jobs, that's what we want."

To land the company, Wisconsin's then-governor, Republican Scott Walker, signed one of the largest tax incentive deals ever made between a state and a private company.

Nearly two years ago, President Trump stood in the East Room of the White House and announced that Taiwan-based Foxconn — a major supplier of Apple technology — was going to build its first U.S. manufacturing facility, outside Milwaukee.

"This is a great day for American workers, and manufacturers, and for everyone who believes in the concept, and the label, 'Made in the USA,' " the president boasted.

Wisconsin lawmakers are preparing to move forward on a $3 billion tax incentive package with technology manufacturer Foxconn, even as a new estimate from the state legislature's nonpartisan budget office revealed the state wouldn't break even on the deal until 2043.

The Taiwanese company's plans were announced at a high-profile White House event with President Trump last month. The planned Foxconn factory in southeastern Wisconsin would open by 2020 and cover 20 million square feet on a nearly 1.6-square-mile campus.

usatoday.com

Columbus City Council last night approved tax incentive legislation designed to attract large companies, amid word that the city is competing to land Asian electronics giant Foxconn.