Foxconn deal with Wisconsin lowers tax breaks to $80 million
by Scott Bauer, The Associated Press
Posted Apr 20, 2021 4:42 pm EDT
Last Updated Apr 20, 2021 at 4:44 pm EDT
FILE - In this June 28, 2018 photo, President Donald Trump takes a tour of Foxconn with Foxconn chairman Terry Gou, right, and CEO of SoftBank Masayoshi Son in Mt. Pleasant, Wis. Foxconn Technology Group, the world s largest electronics manufacturer, has reached a new deal with reduced tax breaks for its scaled back project in southeast Wisconsin, Gov. Tony Evers and the the company announced on Monday, April 19, 2021. (AP Photo/Evan Vucci, File)
MADISON, Wis. Foxconn Technology Group will be eligible for just $80 million in taxpayer subsidies under a new contract signed Tuesday, down from nearly $3 billion it could have received under the original deal that envisioned a much larger project in southeastern Wisconsin.
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Foxconn deal with Wisconsin lowers tax breaks to $80 million
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