Editing Mount Pleasant, Wisconsin (section)

==Economy==
{{further|Wisconn Valley Science and Technology Park}}
In October 2017, [[Foxconn]] announced that it would build a $10 billion flat-panel TV campus in Mount Pleasant. Mount Pleasant offered $860 million in tax incentives to attract Foxconn, borrowing funds to do so.<ref name=":0">{{Cite web|url=https://www.gimletmedia.com/reply-all/132-negative-mount-pleasant|title=Negative Mount Pleasant|date=December 6, 2018|website=Reply All|access-date=December 21, 2018}}</ref> Mount Pleasant also declared some residential areas as '[[Urban decay|blighted]]' to require residents to vacate the project area.<ref name=":0" /> Larger landowners were privately offered up to 5x their assessed value, while smaller landowners were later offered 1.4x assessed value at time of assessment, which in some cases ended up being less than actual value.<ref>{{cite news|url=https://www.racinecountyeye.com/mount-pleasant-neighbors-sue-over-eminent-domain/|title=Mount Pleasant neighbors sue over eminent domain|last=Lockwood|first=Denise|date=January 29, 2018|work=Racine County Eye|access-date=September 29, 2019}}</ref> A number of landowners sued to stop the village's use of eminent domain laws to benefit a private company.<ref>{{cite news|url=https://www.chicagotribune.com/nation-world/ct-landowners-fight-foxconn-20180110-story.html|title=Wisconsin landowners fight effort to take land for Foxconn|agency=Associated Press|date=January 11, 2018|via=Chicago Tribune|access-date=September 28, 2019}}</ref> Construction was targeted to begin in the second quarter of 2018.<ref>{{cite news |title=Foxconn plant to be built in Mount Pleasant, local officials offer $764 million incentives package |url=http://fox6now.com/2017/10/04/foxconn-expected-to-locate-plant-in-mount-pleasant/ |work=Fox 6 Now |access-date=October 6, 2017 |date=October 4, 2017}}</ref><ref>{{cite news |title=Mount Pleasant, Racine County to contribute $764 million toward Foxconn project |url=http://www.jsonline.com/story/money/business/2017/10/04/mount-pleasant-racine-county-contribute-764-million-toward-foxconn-project/733826001/ |newspaper=[[Milwaukee Journal Sentinel]] |access-date=October 6, 2017 |date=October 4, 2017}}</ref>  The plan for the campus is to expand in phases over five or more years.<ref>{{cite news |title=Foxconn confirms southeastern Wisconsin site for sprawling factory complex |url=http://www.chieftain.com/business/foxconn-confirms-southeastern-wisconsin-site-for-sprawling-factory-complex/article_62ef805a-7c97-5724-a1cf-5f22fca759b5.html|newspaper=[[The Pueblo Chieftain]] |access-date=October 5, 2017 |date=October 5, 2017}}</ref>

In March 2019, with construction still not started, Foxconn announced that they intend to have a functional plant by the end of 2020, though the plant would be smaller than originally planned.<ref>{{Cite news|url=https://patch.com/wisconsin/mountpleasant/foxconn-facility-will-begin-production-2020-company|title=Foxconn Facility Will Begin Production In 2020: Company|date=March 18, 2019|work=Mount Pleasant-Sturtevant, WI Patch|language=en|access-date=June 25, 2019}}</ref>

In November 2020, construction lagged. According to the company, this was due to problems related to the [[COVID-19 pandemic]].<ref name="kenoshanews.com">{{Cite web|url=https://www.kenoshanews.com/news/state_and_regional/some-foxconn-plans-in-mount-pleasant-on-hold-until-next-year/article_1b7037c7-e6ef-516b-8071-cb683c28956e.html|title=Some Foxconn plans in Mount Pleasant 'on hold' until next year|date=November 21, 2020 }}</ref> Even with only partial construction, estimates were that Foxconn would be the biggest tax payer in the county.<ref>{{Cite web|url=https://patch.com/wisconsin/mountpleasant/foxconn-slated-be-biggest-tax-payer-racine-county|title = Foxconn Slated to be Biggest Tax Payer in Racine County|date = November 12, 2020}}</ref>  The company has still not made clear exactly what will be produced on the 1,000-acre campus.<ref name="kenoshanews.com"/>

In August 2023, ''[[The Washington Post]]'' noted that the plant ''still'' wasn't built<ref>https://www.washingtonpost.com/business/2023/08/22/foxconn-wisconsin-trump/ {{Bare URL inline|date=August 2024}}</ref> and in a July 2024 article briefly referenced the continued absence of the plant there.<ref>https://www.washingtonpost.com/opinions/2024/07/18/trump-biden-economy-charts-compare/ {{Bare URL inline|date=August 2024}}</ref>

Numerous critics<ref>{{cite web |last1=Vigliarolo |first1=Brandon |title=Foxconn factory fiasco could leave Wisconsinites on the hook for $300m |url=https://www.theregister.com/2022/05/25/foxconn_wisconsin_factory/ |website=www.theregister.com |publisher=The Register |access-date=May 26, 2022}}</ref> have cited the case of the Foxconn project as an example of some of the most egregious [[corporate welfare]] and as an abuse of [[eminent domain]].<ref>{{cite web |last1=Latino |first1=Russell |title=From Foxconn to Electrolux, Corporate Welfare Is a Dead End |url=https://malaysia.news.yahoo.com/foxconn-electrolux-corporate-welfare-dead-113041031.html |website=malaysia.news.yahoo.com |date=February 11, 2019 |publisher=yahoo! news |access-date=May 26, 2022}}</ref> As reported in ''[[National Review]]'', "...[the worst] is when governments accompany subsidies with the eminent-domain seizure of citizens’ property...[as with the case of Foxconn in Wisconsin]..."<ref>{{cite web |last1=Khan |first1=Jibran |title=New York's Corporate-Welfare Boondoggle Flops |url=https://www.nationalreview.com/corner/new-yorks-corporate-welfare-boondoggle-flops/ |website=www.nationalreview.com |date=February 15, 2019 |publisher=National Review |access-date=May 26, 2022}}</ref>