Memo: Foxconn cost to Wisconsin nearing $4.5B
It is worth noting though that some of these costs are simply tax credits for revenue that wouldn't be collected if the factory isn't build. So they are comparing the "cost" to a basis that assumes the factory gets built and pays normal taxes. Items in that group are:* State tax credits, $2.85 billion
* Local government incentives, $764 million[1]
* State sales tax exemption, $139 millionWhen you add back the revenue that would be generated from 13,000 jobs the state will come out well ahead.Note, I am not in favor of the government picking corporate winners, but I think it is fair to clarify that the state of WI is not paying FoxConn or pulling money from other places (at least in a large portion of the line items).[1] I don't know what this actually is, but I would assume it means tax credits based on various metrics (i.e. jobs created).