Milwaukee Journal Sentinel:
Foxconn Technology Group announced at the White House Wednesday its plans to invest $10 billion to build a massive display panel plant in Wisconsin that could employ up to 13,000 workers but would require up to $3 billion in subsidies from state taxpayers.
And:
At 20 million square feet, the factory would be three times the size of the Pentagon, making it one of the largest manufacturing campuses in the nation. It would initially employ 3,000 workers making an average of $53,900 a year.
Interesting. Not a single mention of Apple.
Because it’s not for Apple. It’s for TV sized LCD panels.
This news is sure to stir up Gene Munster.
$3 billion in subsidies for 3,000 low-paying jobs in a right-to-work state. Got it.
$3 billion in subsidies for up to 13,000 workers? Gosh, that’s less than a quarter million per worker. Bargoon.