Wisconsin legislature to approve $3 Billion incentive for Foxconn

The deal to develop a massive Foxconn plant in Wisconsin will be virtually complete Thursday when the state Legislature votes to approve a $3 billion incentive package to lure the Taiwan-based electronics giant to the state - the biggest state subsidy to a foreign company in U.S. history. The bill would make $2.85 billion available to Foxconn Technology Group in cash payments if it invests $10 billion and hires 13,000 workers. The Senate approved the proposal Tuesday. Final sign-off by the Assembly, which already green-lighted a nearly identical version in August, would send the measure to the project's lead champion, Republican Gov. Scott Walker.