“The village of Mount Pleasant, Wisconsin, is still dealing with the fallout of the infamous Foxconn deal the state struck in 2017. Former Governor Scott Walker promised the Taiwan-based tech giant $3 billion in state subsidies in exchange for a state-of-the-art factory to be built in Mount Pleasant, and said that the deal would generate 13,000 high-paying jobs.
Four years later, the factory was nowhere near completion, and the company had created merely 1,400 jobs. The state rescinded most of the subsidies, but the Mount Pleasant Village Board, the local governing body, had already authorized bulldozing dozens of homes, including via eminent domain, designating more than four square miles “blighted” to make the land even easier to seize from private owners. It also took on hundreds of millions in debt, leading to the town’s credit rating being downgraded.”