If a group invited a guest speaker who said the world was flat, then that group would be rightly discarded as a credible policy advocate. In Whitewater and other towns, crony-capitalist groups of different sizes proudly declared the Foxconn project a boon for Wisconsin. (Trump, himself, declared it a boon for the whole planet: “the eighth wonder of the world.”)
These gentlemen might ask UW-Madison how Foxconn’s promises have turned out for that school. Kelly Meyerhofer reports Foxconn pledged $100 million to UW-Madison. The school has so far received $700,000:
Roughly a year since Foxconn Technology Group pledged $100 million to help fund a new UW-Madison engineering building and company-related research, the university said it has received $700,000, less than 1% of the original commitment.
Foxconn’s master agreement with UW-Madison does not say how much it plans to provide the university or when, although the agreement is for five years. In fact, the 12-page document does not even mention a dollar figure and instead notes the company “intends to make a substantial investment in research and other activities” with UW-Madison, despite public statements in August 2018 referencing $100 million.
Be patient, Badgers – you’ve only $99,300,000.00 to go. Hey, Greater Whitewater Committee and Whitewater Community Development Authority – how about a bake sale to speed this process along?
I’d happily spring for a dozen croissants…
Previously: 10 Key Articles About Foxconn, Foxconn as Alchemy: Magic Multipliers, Foxconn Destroys Single-Family Homes, Foxconn Devours Tens of Millions from State’s Road Repair Budget, The Man Behind the Foxconn Project, A Sham News Story on Foxconn, Another Pig at the Trough, Even Foxconn’s Projections Show a Vulnerable (Replaceable) Workforce, Foxconn in Wisconsin: Not So High Tech After All, Foxconn’s Ambition is Automation, While Appeasing the Politically Ambitious, Foxconn’s Shabby Workplace Conditions, Foxconn’s Bait & Switch, Foxconn’s (Overwhelmingly) Low-Paying Jobs, The Next Guest Speaker, Trump, Ryan, and Walker Want to Seize Wisconsin Homes to Build Foxconn Plant, Foxconn Deal Melts Away, “Later This Year,” Foxconn’s Secret Deal with UW-Madison, Foxconn’s Predatory Reliance on Eminent Domain, Foxconn: Failure & Fraud, Foxconn Roundup: Desperately Ill Edition, Foxconn Roundup: Indiana Layoffs & Automation Everywhere, Foxconn Roundup: Outside Work and Local Land, Foxconn Couldn’t Even Meet Its Low First-Year Goal, Foxconn Talks of Folding Wisconsin Manufacturing Plans, WISGOP Assembly Speaker Vos Hopes You’re Stupid, Lost Homes and Land, All Over a Foxconn Fantasy, Laughable Spin as Industrial Policy, Foxconn: The ‘State Visit Project,’ ‘Inside Wisconsin’s Disastrous $4.5 Billion Deal With Foxconn,’ Foxconn: When the Going Gets Tough…, The Amazon-New York Deal, Like the Foxconn Deal, Was Bad Policy, Foxconn Roundup, Foxconn: The Roads to Nowhere, Foxconn: Evidence of Bad Policy Judgment, Foxconn: Behind Those Headlines, Foxconn: On Shaky Ground, Literally, Foxconn: Heckuva Supply Chain They Have There…, Foxconn: Still Empty, and the Chairman of the Board Needs a Nap, Foxconn: Cleanup on Aisle 4, Foxconn: The Closer One Gets, The Worse It Is, Foxconn Confirm Gov. Evers’s Claim of a Renegotiation Discussion, America’s Best Know Better, Despite Denials, Foxconn’s Empty Buildings Are Still Empty, Right on Schedule – A Foxconn Delay, Foxconn: Reality as a (Predictable) Disappointment, Town Residents Claim Trump’s Foxconn Factory Deal Failed Them, Foxconn: Independent Study Confirms Project is Beyond Repair, It Shouldn’t, and Foxconn: Wrecking Ordinary Lives for Nothing, and Hey, Wisconsin, How About an Airport-Coffee Robot?