WEDC says Foxconn falls short of benchmarks for billions in tax credits

Foxconn is not eligible for a multi-billion dollar tax credit this year after failing to meet the threshold for job creation and investment outlined in an agreement with the Wisconsin Economic Development Corp. WEDC Secretary and CEO Missy Hughes in a letter yesterday to Foxconn Vice Chairman Jay Lee said the two entities need a new agreement that aligns with Foxconn’s plans for development in Wisconsin. WEDC contends the company scrapped a plan to build a fabrication facility outlined in the original 2017 agreement. The Walker administration negotiated a contract with the Taiwanese tech giant that would have given the

Read More »

TUE AM Update: Cities defend election administration grants in new filing; Pence visits today

Exclusively for WisPolitics Subscribers Advertisement Wisconsin REALTORS Association From WisPolitics.com … — Five Wisconsin cities are using $6.3 million in private grants for “neutral, legal activities” to provide a safe environment for voters and in no way does the money constitute a bribe, the communities argue. The Wisconsin Voters Alliance, which has conservative ties, filed suit… 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. Username or E-mail Password * Remember Me     Forgot Password

Read More »