WED PM Update: Foxconn to receive $28.8M in state tax credits; Barrett resigns

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-- Foxconn will receive $28.8 million in state tax credits for 2020, just shy of the maximum award the Taiwanese manufacturer could receive under the revised deal Gov. Tony Evers signed this spring.
WEDC CEO Missy Hughes said today the state certified 579 jobs the company had created at its Racine County facility, which was within the target range. But it fell short of the target capital investment of $268.6 million by nearly $2.5 million.
Had the company hit that target, it would've qualified for $29.1 million in credits.

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