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regional Tech HubsCNBC
•80% Informative
The Biden administration has designated Wisconsin as one of 31 regional Tech Hubs authorized under the CHIPS and Science Act.
Backers say the effort could create 30,000 jobs over 10 years , and spur $9 billion in economic development.
Foxconn ’s 2017 pledge to hire 13,000 employees for a $10 billion facility never materialized.
Microsoft announced it was increasing its investment in Mount Pleasant in May .
The data center will focus on artificial intelligence, adding more than 2,000 permanent jobs.
"Everybody felt like they were lied to, and that is such a hard thing to come back from," a resident says.
The Microsoft deal proves that all the spending on infrastructure was not such a bad idea after all, a county official says.
Foxconn has already been approved for nearly $44 million in subsidies under the scaled back incentive deal.
Microsoft stands to collect millions of dollars in tax breaks under a sales and use tax exemption for qualified data centers.
Microsoft is expected to be the first company to take advantage of the tax break.
VR Score
82
Informative language
80
Neutral language
54
Article tone
semi-formal
Language
English
Language complexity
47
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
6
Source diversity
6
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