Foxconn contract adds jobs benchmarks, puts company CEO on hook if promises fall short


The state added more detailed job creation benchmarks to its proposed contract with Foxconn along with a provision that would make company Chairman and CEO Terry Gou personally responsible if the Taiwanese manufacturer fell short of some promises.
The contract includes an annual jobs requirement to qualify for tax credits and establishes a series of possible violations that would trigger clawback provisions. If the state sought to recoup taxpayer money for a violation, Gou would be on the hook for one quarter of the total clawback amount.
A draft copy of the contract was released this afternoo...

Please log in to access subscriber content.
If you don't have a subscription, click here for a WisPolitics free trial and to view the different subscription options.

2022 Fall Election Results

Upcoming Events