PRESIDENT TRUMP ANNOUNCED THAT FOXCONN WILL BE BRINGING THOUSANDS OF JOBS TO WISCONSIN, BUT WILL IT PAN OUT?

Winchester, VA – Yesterday, President Trump announced that an over $10 billion investment by Foxconn into the state of Wisconsin to build a factory that will manufacture LCD panels will put over 3,000 people to work. But did he? The Huffington Post reports that Foxconn, a Taiwanese company, has a poor track record of promising to invest in the United States, and then failing to follow through on that promise. In 2013, Foxconn committed to spending $30 million to build a plant in Harrisburg, Pennsylvania, but that never came to fruition.  In 2014, Foxconn committed $1 billion of investments in Indonesia, and in 2015, $5 billion in India. None of these promises were fulfilled by Foxconn. Scott Paul, president of the Alliance for American Manufacturing, said, “I’ll be excited about this Foxconn announcement when I see actual paychecks going to workers in Wisconsin. Let’s hope Wisconsin isn’t being conned.

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