MMAC: Foxconn Investment Returns $18 in Economic Impact for Every $1 in State Incentive
MMAC released its analysis of the projected impact to Wisconsin's gross domestic product (GDP) from the incentive package tied to Foxconn's capital investment and job creation. The Foxconn development is projected to add almost $52 billion to Wisconsin's GDP over the 15 years in which the state would pay out $2.8 billion, under a fully executed incentive package.
"The ripple effects of Foxconn's $9 billion in capital investment, and the ongoing employment from up to 13,000 jobs, generate a return of $18 in additional state GDP for every $1 in state incentives," said MMAC President Tim Sheehy.
Click here to read the full MMAC analysis.