Republican lawmakers are split over how to move forward with a plan to send $3 billion to an electronics manufacturing giant promising to create 13,000 jobs in Wisconsin as questions surfaced about how the plan would affect the next state budget that is a month overdue.
Taiwanese technology company Foxconn wants to spend $10 billion to build LCD panels on a 20-million-square-foot, 1,000-acre campus of more than a dozen buildings in southeastern Wisconsin by 2020. Gov. Scott Walker signed an agreement to have a contract in place by the end of September.
But doing so requires approval from a Republican-controlled Legislature that still hasn’t passed a 2017-19 state budget. And despite a suggestion from Assembly Speaker Robin Vos, R-Rochester, on Tuesday that the Foxconn deal would have “almost zero” impact on the next state spending plan, questions surfaced from Democrats and Senate Republicans about whether more vetting was needed.
Asian electronics giant Foxconn is considering investing at a second site in Wisconsin — this one in Dane County, according to a half dozen knowledgeable sources.
The investment in Dane County could come in a separate business from the massive flat screen television plant that Foxconn Technology Group has already committed to building in southeastern Wisconsin.
No offers have yet been made by the Taiwanese company and there are no guarantees any will be.
“That’ll probably clear up in the next 45 days,” said one source familiar with the potential project. “It’s good to be in play.”
Molina Healthcare says it will exit the Affordable Care Act’s insurance marketplaces in Utah and Wisconsin, citing costs that contributed to hefty losses for the health insurer in the second quarter.
The Long Beach, California-based company also said Wednesday that it expects the performance of its remaining ACA marketplaces will fall substantially short of previous expectations in the second half of the year.
The company is reviewing its participation in other state health exchanges, noting that the performance of its marketplaces in Florida and Washington have been among the most disappointing.
Molina also plans to increase 2018 premiums for its remaining ACA marketplace plans by 55 percent.