Follow by Email!

Monday, September 11, 2017

WEDC & Foxconn

Citizen Action of Wisconsin

Today Citizen Action of Wisconsin released a new report on how the Governor Walker's jobs agency WEDC is thousands of jobs shy of their target, and why it doesn't bode well for Walker's plan to have them manage the $3 billion giveaway to Foxconn. Will you ADD YOUR NAME to help us challenge this vote before the next scandal?

Our research revealed the following today:

  • Of the 337 WEDC awardees with established job creation goals at least 3 years old, 60% (203 awardees) failed to meet their goals.
  • Those 203 corporate recipients are behind their goals by over 14,000 jobs, more than even the most rosy expectations from the Foxconn proposal!
  • Those 203 companies that still have not hit their jobs goal in at least 3 years have already received $94.8 million in verified tax credits from WEDC, with another $158 million awarded but not yet dispersed
  • Many WEDC recipients have outsourced other jobs while taking state tax credits.
This research is extremely timely, the State Legislature is going to be voting very soon on giving out the largest job creation tax credit program ever issued by an American state, and they expect it to be run by WEDC. We need to get the word out that this deal is a scandal waiting to happen, especially since our findings rely on WEDC's own data which we know can't fully be trusted. Any Senator or Representative that is thinking of voting for the Foxconn deal this week should think long and hard about whether they want to be held accountable for potentially the biggest economic scandal in Wisconsin history.
Click here to ADD YOUR NAME to our challenge to WEDC's running the Foxconn deal, and that the Foxconn deal should happen at all. This ensures we know to keep you updated on the issue

No comments: