MON PM Update: WEDC says Foxconn falls short of benchmarks for billions in tax credits

Exclusively for WisPolitics Subscribers

From ...
-- 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 today 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...

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.

Upcoming Events