St Louis Post-Dispatch (MO)

Trump Announces $10 Billion Foxconn Plant in Wisconsin

Byline: SCOTT BAUER and PAUL WISEMAN Associated Press

WASHINGTON President Donald Trump said Wednesday that electronics giant Foxconn would build a $10 billion factory in Wisconsin thats expected to initially create 3,000 jobs.

The announcement comes at a critical juncture for his administration, which pledged to generate manufacturing jobs but has struggled to deliver results as quickly as the president promised. Trumps plans for health care and tax cuts face a murky future in Congress, while his administration is bogged down by an investigation into Russias potential ties with his presidential campaign.

In a White House speech, Trump said the financial commitment by Foxconn CEO Terry Gou was a direct result of his electoral win.

If I didnt get elected, he definitely would not be spending $10 billion, Trump said. We are going to have some very, very magnificent decades.

But the decision to build the plant in Wisconsin also stemmed from $3 billion in state economic incentives over 15 years if Foxconn invests $10 billion in the state and ultimately adds 13,000 jobs. …

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