The Wisconsin Assembly this evening approve a $3 billion tax break for Taiwan-based Foxconn Technology Group to build a massive display panel factory in the state, a project President Donald Trump touted as a transformational win for the U.S. economy.
The package now moves on to the state Senate for consideration.
The tax breaks would be the largest in state history and the biggest to a foreign company in the U.S.
If built, the plant would be the first outside of Asia for liquid crystal display panels used in television, computers, medicine and other fields.
Republican Gov. Scott Walker, who led negotiations on the deal won by Wisconsin over competition from several other nearby states, has called it a once-in-a-generation opportunity.
The deal signed by Walker and Foxconn officials calls for the electronics giant to invest $10 billion in the state and hire up to 13,000 people at the massive plant that would be spread over a 20 million-square-foot campus. Construction would begin in 2020.