Microsoft will take over 315 acres of the 2,500 acres initially set aside for Foxconn
. Village and county officials approved the agreement in April and say the purchase will close by July 31.
“Microsoft was attracted to this location because it is primed for development,” said Village of Mount Pleasant President David DeGroot in a statement. “Through local investments, we have transformed this area of Mount Pleasant and equipped it with the infrastructure necessary to support a major investment by Microsoft.”
Attracting companies with subsidies and incentives can be risky, and Foxconn’s proposal had a lot of red flags, according to Cailin Slattery, an economist with the University of California, Berkeley’s Haas School of Business. “There are not a lot of Foxconn fans left out there,” she said. “There was a total lack of transparency, and it was definitely more politicized than the standard deal.”
Walker touted the Foxconn agreement during his reelection campaign, and President Donald Trump attended the 2018 groundbreaking, saying the Foxconn plant would be the “eighth wonder of the world.”
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