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Jon Erpenbach

Wisconsin Senate approves $3 billion cash payment for Foxconn factory

Wisconsin Senate approves $3 billion cash payment for Foxconn factory

The Wisconsin Senate approved nearly $3 billion in cash payments for Foxconn Technology Group on Tuesday.

Foxconn plans to invest as much as $10 billion to build a flat-screen production factory in Wisconsin that initially would have a workforce of 3,000 but the company said that could grow to 13,000. The proposed subsidy — which now heads to the state Assembly for a final vote Thursday — would be the largest ever from a U.S. state to a foreign company and 10 times bigger than anything Wisconsin has extended to a private business.

The Republican-controlled Senate discounted Democratic concerns that there weren't enough protections for taxpayers under the...

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