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Wis. Senate approves $3B for Foxconn
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MADISON (AP) - The Wisconsin Senate approved nearly $3 billion in cash payments for Foxconn Technology Group on Tuesday, while also giving the Taiwanese company a slightly less expedited path to the state Supreme Court for certain legal challenges related to a planned massive electronics manufacturing factory. Foxconn plans to invest up to $10 billion to build a flat-screen production factory in Wisconsin that would initially employ 3,000 but the company said could grow to 13,000. The proposed subsidy - which now heads to the state Assembly for a final vote Thursday - would be the largest ever from a U.S. state to a foreign company and 10 times bigger than anything Wisconsin has extended to a private business.