WEDC Board receives Foxconn contract; Walker expecting to sign by end of week

Wisconsin Economic Development Corp. Board members received copies of the Foxconn contract Monday, the offices of Dem board members Rep. Dana Wachs and Sen. Tim Carpenter confirmed.

WEDC Secretary and CEO Mark Hogan on Friday notified board members via email that the contract would be made available before Wednesday’s meeting. The decision followed mounting public pressure from Republicans and Dems alike to allow the board to review the document in advance.

Wachs, D-Eau Claire and the newest member of the WEDC board, was not immediately available for comment. Carpenter, D-Milwaukee, said he had begun reviewing the 29-page contract as well as a series of other documents WEDC provided, but noted with the Senate session Tuesday he didn’t anticipate he’d have much time to adequately look over them all.

In a news release, Carpenter knocked WEDC for “stalling until Monday” to release the contract, although he noted he would be “scrutinizing this particular contract very, very closely.”

The board this week is expected to vote on the staff review, although members won’t vote on the contract itself. The board was initially scheduled to vote on the staff review at its Oct. 17 meeting, but that was postponed.

The staff review would give the agency the authority to finalize and execute the contract with the Taiwanese tech company. It includes key elements of the contract, such as job creation and capital investment requirements, related tax incentives and clawback conditions, among other things.

Gov. Scott Walker in an interview with conservative talk radio host Jerry Bader said he’s expecting to sign the Foxconn contract “by the end of the week.”

Asked about the timeline the guv outlined, WEDC spokesman Mark Maley did not return a request for comment.

But in a separate email, Maley said the agency doesn’t yet “have a set timeline on when (the Foxconn contract) will be made public,” which would happen after the contract has been signed.

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