Gov. Evers announces $420M in federal aid for small businesses
By Jason Calvi and FOX6 News Digital Team
Published
Gov. Evers announces $420M in aid for Wisconsin small businesses
Gov. Tony Evers announced Thursday that Wisconsin will award up to $420 million to small businesses affected by the COVID-19 pandemic. The effort, funded by the American Rescue Plan Act of 2021, has the potential to help approximately 84,000 Wisconsin small businesses
WAUWATOSA, Wis. - Gov. Tony Evers announced Thursday, April 22, that Wisconsin will award up to $420 million to small businesses affected by the COVID-19 pandemic.
What s in the new Foxconn agreement with Wisconsin? Here are some answers tmj4.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmj4.com Daily Mail and Mail on Sunday newspapers.
The ongoing push-and-pull between the state and the Taiwanese tech outfit has resulted in an agreement greatly reduced in scale since the initial deal celebrated by former President Donald Trump in 2017.
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., in 2018. (AP Photo/Evan Vucci, File)
MILWAUKEE (CN) The state of Wisconsin and Foxconn Technology Group announced on Tuesday details of a renegotiated contract for an electronics plant in the southeastern part of the state, arriving more than four years and multiple setbacks after the parties initially agreed to a much larger deal.
State will provide company up to $80 million under drastically down-scaled deal. By Jeramey Jannene - Apr 20th, 2021 03:43 pm //end headline wrapper ?>Current Wisconn Valley Science and Technology Photo courtesy of the Foxconn Technology Group.
The new agreement between the Wisconsin Economic Development Corporation and Foxconn cuts the potential tax credit award from $2.85 billion to $80 million.
In exchange Foxconn’s hiring and investment targets are cut from 13,000 employees and $10 billion invested to 1,454 workers and $672 million invested. The per-job wage credit falls from 17% to 7% as part of the renegotiated deal, with a minimum salary of $53,875 per qualified job. The credits remain refundable, effectively a cash payment award to the company.
International Business News: Taiwanese contract electronics manufacturer Foxconn will dramatically scale back its planned investment in an initially planned $10 billion Wisconsin