MADISON, WI -- A key Wisconsin agency is delaying a vote on a $3 billion incentive package for Foxconn over concerns of how the deal is worded.
The vote by the Wisconsin Economic Development Corp. is now expected to take place no earlier than November. The public-private agency, created by an act of the state legislature in 2011, serves as the state's department of commerce.
A state legislator compared some of the terms of the deal with the world's largest EMS/ODM to a "nuclear bomb" and is insisting on changes.
The state is negotiating the package in order to attract a new LCD manufacturing campus. It is expected the deal will still pass.