A historic deal gets inked in Wisconsin today. Governor Scott Walker approved up to three billion dollars in subsidies for Foxconn to open a flat-screen plant in the southeastern region of the state.
The bill is the largest incentive package offered by a state to a foreign corporation.
And, it clears the way for walker's administration to negotiate a final contract with Foxconn Technology Group of Taiwan in the coming days.
Walker and GOP lawmakers have promised that the new plant will bring thousands of jobs and massive investment to Wisconsin, transforming the state's economy.
"I believe that we can produce the talent and the supply chain and the tools and the opportunities to make this not just successful but to make it one of the most successful ventures in the entire world."
Democrats have questioned the Foxconn deal's price tag, saying that there's too great a cost to the subsidies and exemptions from environmental rules that will be going to Foxconn.
Governor Walker says Foxconn hopes to open its doors in Wisconsin in 2020.