An earlier post I briefly noted why we use incentives as part of the economic development toolbox and provided an example of an MOU.
This one is is about an incentive package and the churn. The link is from MSN and the story is about the Foxconn project.
I will not spell out the project parameters, the article does that. However, I will comment on the slant of the story. As an economic developer, I get concerned when I read comments from a business that says we will still create XX jobs, but at a slower pace. If, as the lead on the project, I am aware before any public announcement and I can brief superiors, I have a higher level of comfort. This does not apply to this story.
However, in economic development we sometimes get tarnished when a questionable deal generates so much press. That makes the job of negotiating incentives, ensuring buy in, and moving at a fast pace much more challenging. It also reinforces good practices and transparency.
Link to story:
https://www.msn.com/en-us/news/finance-companies/foxconn-reconsidering-plans-to-make-lcd-panels-at-wisconsin-plant/ar-BBSWEzu
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