Paul Ryan ‘very excited’ about Foxconn

House Speaker Paul Ryan says he is “very excited” about the $3 billion tax incentive deal for Foxconn Technology Group signed into law by Wisconsin Gov. Scott Walker.

Ryan was asked about the deal Monday following a tour of a Harley-Davidson plant in Menomonee Falls, Wisconsin.

Ryan says Foxconn will “bring a whole new sector to our economy”‘ with high-paying jobs. He says Foxconn will create an industrial park for the Silicon Valley in southeast Wisconsin. He calls it a “great breaker of poverty in Wisconsin.”

The Wisconsin Legislature passed the incentive package for Taiwan-based Foxconn last week, the largest ever from any state to a foreign company. Walker signed the bill Monday surrounded by supporters of the project.