As we speed toward a $3 billion wager on Foxconn, consider the fast-moving nature of consumer technology.
In 1997, Motorola, a solid American electronics firm and cell phone innovator, built a $100 million corporate campus just south of the state border in Harvard, Illinois to assemble phones. Illinois kicked in $30 million to attract jobs to the area. Around 5,000 assemblers worked there at peak production until superior technology and consumer preference attracted cell phone users to other devices. The plant closed after only five years. Foxconn could suffer the same fate.
Will Foxconn be here in 25 years when we should begin to get our money back? This wager of state money on a wealthy Taiwanese firm is desperate and out of character for practical Wisconsin taxpayers.
Mike Shelton, Madison
5802 DORSETT DRIVE