Whatâs going to be made?
It remains unclear what Foxconn will make under the new contract. Foxconn officials last year began hinting at the possibility of building electric vehicles, with manufacturer Fisker announcing in February a partnership with Foxconn to build vehicles. Last month, company chairman Young Liu said the Mount Pleasant factory was in the running, along with Mexico, to be Foxconnâs North American electric vehicle production hub â although no formal decisions have been made.
Foxconn has yet to receive any state dollars, but the project in Mount Pleasant already has cost the state more than $200 million in state and local road improvements, sales and use tax exemptions, grants to local governments and for worker training and employment. Foxconn officials estimated in October the company had invested $750 million in the state.
Evers says Foxconn, Wisconsin on brink of new deal; WEDC to meet today to discuss project
“I’ve said all along that my goal as governor would be to find an agreement that works for Wisconsin taxpayers while providing the support Foxconn needs to be successful here in our state,” Gov. Tony Evers said in a statement. The Wisconsin Economic Development Corp. will consider the deal today.
The triple homicide at a Kenosha County tavern was sparked by the bumping of shoulders in a crowded bar, district attorney says
A 24-year-old man shot six people, three fatally, early Sunday morning at a packed Kenosha County tavern after he bumped shoulders with someone and got into a physical fight with a group of friends, prosecutors said Monday in a court hearing. The current indication was that this was literally over nothing, said District Attorney Michael Graveley. Here s what we know about the victims.
Milwaukee Tool adding 1,200 jobs, new manufacturing plant in Mississippi
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Milwaukee Tool’s Brookfield campus.
Brookfield-based Milwaukee Tool is planning to invest $60 million in a new 500,000-square-foot manufacturing facility in Grenada, Mississippi. The new plant will support 800 new jobs and will support Milwaukee Tool’s power tool accessory and…
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Milwaukee Tool is planning to invest $60 million in a new 500,000-square-foot manufacturing facility in Grenada, Mississippi.The new plant will support 800 new jobs and will support Milwaukee Tool’s power tool accessory and power tool businesses. It will likely open in late 2022.The company is also adding another 400 positions across its operations in Mississippi. The Mississippi Development Authority, Grenada County and Tennessee Valley Authority are providing unspecified support for the project, according to an MDA announcement.“Our new Grenada facility, as well as our ongoing i
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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