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Foxconn deal with Wisconsin lowers tax breaks to $80 million
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Foxconn deal with Wisconsin lowers tax breaks to $80 million
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Foxconn, Wisconsin reach new deal on scaled back facility
Scott Bauer
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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) (Copyright 2019 The Associated Press. All rights reserved.)
MADISON, Wis. – Foxconn Technology Group, the world s largest electronics maker, has reached a new deal with reduced tax breaks for its scaled back manufacturing facility in southeast Wisconsin, Gov. Tony Evers and the the company announced on Monday.
By Robert Kennedy
Apr 19, 2021 9:00 AM
MADISON, WI (WTAQ) – Gov. Tony Evers today, together with Foxconn Technology Group Board Member and Vice Chairman, Dr. Jay Lee, announced they have reached a new agreement and a resolution is near between the Wisconsin Economic Development Corporation (WEDC) and Foxconn regarding the company’s project in Mount Pleasant.
The WEDC Board will review the amended award in the anticipated final step of the process.
“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,” said Gov. Evers.
Foxconn strikes new incentives deal with Evers administration - Milwaukee Business Journal
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