Foxconn could return nearly $4 for every $1 in state subsidy, new report says

"If the Taiwan-based electronics manufacturer employs 13,000 people in the state, the ripple effect could spawn an additional 19,000 to 26,000 jobs through growth from the company's suppliers and other businesses in the region, said Noah Williams, director of the Center for Research on the Wisconsin Economy. [...] In the study released Monday, Williams also said it is "highly implausible" Foxconn would spend $10 billion on a factory that employs only 3,000 people — a possible scenario voiced by some who have questioned the state’s proposal to grant the company billions of dollars in incentives. [...] At the same time, however, Williams cautioned the large potential employment gains “are by no means certain.

The abstract of Williams’ report and the Technology Council news release announcing it mistakenly say(s) that if Foxconn employs 13,000 people, it could generate an additional 32,000 to 39,000 jobs. During an interview Monday, Williams **acknowledged the error. The 32,000 to 39,000 range would be the total employment, including the 13,000 direct jobs at Foxconn, he said.

NOTHING TO SEE HERE, FOLKS! JUST SOME SOUND ECONOMIC THEORY AND A FANCY WEBSITE, Oh, wait. what the actual fuck...

/r/wisconsin Thread Link - jsonline.com