Or so "sources" want everyone to believe.
Photo credit: Crain's Detroit Business
Reported in Sources: Pontiac, Lyon Township among sites being pitched to Foxconn. (Crain's Detroit Business, 6/2/2017)
Jobs jobs jobs at any cost. The company has taken criticism for worker conditions at its plants in China after a wave of suicides; in 2010, according to a 2015 Re/code story, 12 Foxconn workers killed themselves by jumping off rooftops. The article says Foxconn employs about 1.4 million people in mainland China and is one of the world's largest private employers.
Related reading:
Report: Lyon Township Out Of Running For Foxconn Facility. (WHMI, 6/23/2017)
But before any Michigan investment can happen, a tax incentive program sought by the Snyder administration will have to be approved. The program, which that would allow new companies that create more than 500 new jobs in Michigan to capture up to 50% of their employees' state income taxes, was derailed this week by House Speaker Tom Leonard. The DeWitt Republican canceled a vote after questioning whether Snyder cut a side deal with Democrats.
Related post:
UPDATE. Foxconn becomes pawn in Wisconsin transportation funding tussle. (7/6/2017)
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