Bruce Murphy has a solid assessment of Foxconn’s much-touted (by Foxconn) venture capital fund in About That Foxconn Venture Capital Fund. It’s well worth reading in full. A few key points: Unfulfilled: Louis Woo of Foxconn had promised this venture fund for startup companies would naturally connect to Foxconn’s innovation centers in Eau Claire, Green Bay…
276 search results for "innovation center"
Business, Corporate Welfare, Foxconn, State Capitalism, State Government
After Years of Promises, Foxconn Will Think of Something…by July
by JOHN ADAMS • • 2 Comments
Years of claims, promises, declarations, announcements (and private homes destroyed along the way), and yet Foxconn still needs a bit of time to think of something to make. Just give ‘em a sec, they come up with something by July: Liu said that the company will announce what it will make in Wisconsin before July.…
Foxconn, Litigation
Private Developer Sues Foxconn, Others Over Failure to Build as Promised
by JOHN ADAMS • • Comments
Richard Torres reports Lawsuit says Foxconn’s failure to create a high-tech screen plant cost local governments hundreds of millions of dollars: Foxconn Technology Group is in breach of contract for failing to construct a high-tech screen plant in Mount Pleasant, while local governments spent hundreds of millions of dollars to prepare for the project, according to…
Business, CDA, Charity, Development, Economics, Economy, Failure, Free Markets, Government Spending, Innovation Center/Tech Park, Poverty, Press Release
Markets and Markets
by JOHN ADAMS • • 4 Comments
One reads that Whitewater now has an option, for most of the city, of grocery delivery from nearby cities. As it is, Whitewater has a Walmart, but no stand-alone, full-service grocery. Private delivery service is a benefit to the community. It’s better to have more grocery options than fewer. These are private enterprises providing private delivery…
Bad Ideas, Boosterism, Business, CDA, Corporate Welfare, Foxconn, Gov. Walker, Government Spending, Speaker Vos, State Capitalism, Taxes/Taxation, Technology, Trump, WEDC, Wisconsin, WISGOP
Highlight’s from The Verge’s Foxconn Assessment
by JOHN ADAMS • • 2 Comments
No failure better reveals the bankruptcy of corporate welfare in the Walker and Trump years than the Foxconn project in Wisconsin: exaggeration upon exaggeration, but nothing productive. This was a failure of judgment so obvious and significant that everyone involved should retire from policymaking. Walker Administration, Trump Administration, the WISGOP, the WEDC, down to Whitewater’s Community…
Bad Ideas, Boosterism, Business, CDA, Corporate Welfare, Foxconn, Gov. Walker, Government Spending, Speaker Vos, State Capitalism, State Government, Technology, WEDC, WISGOP
Accountability Comes Calling at Foxconn
by JOHN ADAMS • • Comments
After years of grandiose – ludicrous, truly – claims about Foxconn from Trump to Vos to boosters in Whitewater, Accountability has made her way to Foxconn. If not Accountability personified, then at least Missy Hughes (the new, Evers-appointed leader) of a slightly-reformed WEDC. Josh Dzieza of the national publication The Verge reports Wisconsin denies Foxconn tax…
Bad Ideas, Corporate Welfare, Foxconn, UW Madison
Foxconn & UW-Madison: Two Years and Less Than One Percent Later…
by JOHN ADAMS • • Comments
Kelly Meyerhofer reports UW-Madison still waiting on Foxconn’s $100 million pledge 2 years later: Foxconn Technology Group gave no money to UW-Madison over the past year, renewing questions about the company’s commitment to its $100 million pledge to the university nearly two years ago. UW-Madison received $700,000 in the first of a five-year agreement — less than…
Daily Bread
Daily Bread for 1.14.20
by JOHN ADAMS • • Comments
Good morning. Tuesday in Whitewater will be mostly cloudy, with a high of thirty-nine. Sunrise is 7:22 AM and sunset 4:45 PM, for 9h 22m 32s of daytime. The moon is a waning gibbous with 82.6% of its visible disk illuminated. Whitewater’s Public Works Committee meets at 6 PM. On this day in 1784, United…
Bad Ideas, CDA, Economics, Economy, Foxconn, Government Spending, WEDC
Journal Sentinel’s Rick Romell Reports the Obvious about Foxconn Project
by JOHN ADAMS • • Comments
Over at the Journal Sentinel, business reporter Rick Romell reports that More signs emerge that the pace of Foxconn’s Wisconsin project is falling short of expectations. Honest to goodness – there have been years of reports, and years of analyses, that made clear to any reasonable person that this project was destined for failure. Anyone and…
CDA, Economics, Foxconn, Government Spending, WEDC, Wisconsin
Foxconn Notices the Noticeable
by JOHN ADAMS • • Comments
Two recent stories about Foxconn show how that project is, as Willy Shih of Harvard Business School aptly observed, only a state visit project (‘a high-profile way to earn some serious good will and political capital. But as Foxconn worked through the details, I suspect they were having trouble figuring out how to make economic…
CDA, Economics, Economy, Foxconn, Government Spending, WEDC, Wisconsin
Foxconn: State of Wisconsin Demands Accountability, Foreign Corporation Stalls
by JOHN ADAMS • • Comments
There’s a significant new development in the Foxconn project: the state has told the Taiwanese corporation it’s presently no longer eligible for tax credits. Over at The Verge, a national technology publication, there’s an excellent, detailed story about Foxconn’s serial excuses to receive the public money or credits it wants regardless of performance. In an…
CDA, Economics, Economy, Foxconn, Government Spending, WEDC, Wisconsin
Foxconn: Worse Than Nothing
by JOHN ADAMS • • Comments
Below are the abstract and full study from George Mason University on The Economics of a Targeted Economic Development Subsidy (examining the Foxconn deal in Wisconsin). There’s much to consider in this work, for the Foxconn project, and by reasonable extension to other government-targeted business subsidies. Abstract: In an effort to spur economic growth and…
City, Holiday
Boo! Scariest Things in Whitewater, 2019
by JOHN ADAMS • • 4 Comments
Here’s the thirteenth annual FREE WHITEWATER list of the scariest things in Whitewater. (The 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, and 2018 editions are available for comparison.) The list runs in reverse order, from mildly scary to truly frightening. 10. Meeting Videos. There must be something intimidating about meeting videos, because it takes…
Bad Ideas, CDA, Corporate Welfare, Development, Foxconn, Government Spending, Local Government, State Capitalism, State Government, That Which Paved the Way, WEDC, Wisconsin
Foxconn: Hey, Wisconsin, How About an Airport-Coffee Robot?
by JOHN ADAMS • • 3 Comments
In Whitewater, there’s a top-notch think tank right-wing landlord’s business group that flacked Foxconn both privately and through that group’s sway over the Whitewater Community Development Authority. The group invited a state operative to spin Foxconn as a tech city of gold, and at the Whitewater CDA one could hear fantastic tales of high-tech wonders…