A view of Foxconn s current construction in Mount Pleasant on April 21, 2021.
Foxconn Technology Group still hasn’t revealed what it plans to manufacture at the plant it’s building in Racine County near I-94. But that didn’t stop Gov. Tony Evers from inking a new agreement with the Taiwanese tech giant last week.
Foxconn started building a massive LCD screen manufacturing complex in Mount Pleasant in 2018. But then markets changed, so now the company is constructing a scaled-down operation.
The state approved a contract last week for Foxconn to qualify for $80 million in taxpayer subsidies if it employs about 1,400 people with an average annual salary of about $53,000. That’s down from nearly $4 billion in state and local credits the company could have received under the original plan. That deal included a commitment of 13,000 jobs from Foxconn.
Foxconn tax credits still a Wisconsin record, but back in line with previous awards
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Tony Evers: State s reduced financial commitment to Foxconn opens up opportunities
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Evers: State s reduced financial commitment to Foxconn opens up opportunities
journaltimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journaltimes.com Daily Mail and Mail on Sunday newspapers.