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Economy & Business

Business Incentives Lead the Way in Attracting New Jobs

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Terry Gou (2nd L), chairman of Apple supplier Foxconn, shakes hands with Wisconsin Gov. Scott Walker (R) as House Speaker Paul Ryan looks on at news conference held by U.S. President Donald Trump in the East Room of the White House.

It seems as though whenever there’s an announcement about a business moving to or expanding anywhere across the U.S., those deals aren’t made without some sort of incentives from the state and municipalities.

Last week, Governor Scott Walker announced that Foxconn would open its first U.S. plant in Wisconsin and in turn, the state would provide $3 billion in incentives.

WUWM spoke with UW-Madison economics professor Noah Williams about why states offer deals to companies.

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