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Foxconn sharply scales back Wisconsin investment

Foxconn s Wisconsin deal touted by Trump shrinks from 13,000 jobs to 1,454 Reuters 2 hrs ago By David Shepardson and Karen Pierog © Reuters/ANN WANG FILE PHOTO: A poster with a logo of Foxconn is seen at the IEEE Global Communications Conference in Taipei By David Shepardson and Karen Pierog WASHINGTON (Reuters) -Taiwanese contract electronics manufacturer Foxconn Technology Co Ltd will dramatically scale back its planned investment in an initially planned $10 billion Wisconsin plant, under an agreement announced with the state on Tuesday. The investment was first announced to great fanfare at the White House in July 2017, when Donald Trump was president. Wisconsin will reduce its tax credits authorized for the project from $2.85 billion to $80 million as Foxconn reduces its planned investment from $10 billion to $672 million and cuts the number of jobs planned from 13,000 to 1,454, Wisconsin Governor Tony Evers said in a statement.

T ai peiUnited statesLeslie adlerDavid shepardsonDonald trumpDan greblerTony eversWisconsin economic development corporationFoxconn technology co ltdAnn wangGovernor tony eversWhite houseடி ஐ பேய்ஒன்றுபட்டது மாநிலங்களில்டொனால்ட் துருப்புடோனி எவர்ஸ்

Foxconn Deal With Gov Evers Heads To WEDC Board

/ One of the buildings still under construction at the Foxconn site in Mount Pleasant on Aug. 24, 2020. A state board Tuesday will consider a proposed settlement between Foxconn and Wisconsin Gov. Tony Evers to reduce tax breaks for Foxconn s large campus in Racine County. Evers has been seeking, for more than a year, to cut the huge financial incentives promised in 2017 by former Republican Gov. Scott Walker. Evers, a Democrat, has said Foxconn has fallen well short of job creation and investment goals for its manufacturing site in the Village of Mount Pleasant. The Associated Press quotes an unnamed source who said the new deal will reduce the potential tax breaks by billions of dollars but still leave potential incentives for the company that are worth more than $10 million.

Village of mount pleasantUnited statesRacine countyMount pleasantScott walkerJeffrey sommersTony eversWisconsin economic development corporationAssembly minority leader gordon hintzAssociated pressகிராமம் ஆஃப் ஏற்ற ப்லெஸெஂட்ஒன்றுபட்டது மாநிலங்களில்இனம் கவுண்டிஏற்ற ப்லெஸெஂட்ஸ்காட் வாக்கர்ஜெஃப்ரி சோமர்ஸ்

Wisconsin amends Foxconn s contract to reflect radically smaller project

Wisconsin amends Foxconn’s contract to reflect radically smaller project Share this story After more than three years of grandiose promises and missed deadlines, Foxconn and Wisconsin have agreed to amend their contract to reflect the reality of a much-diminished project. Under the amendment, which was approved by the Wisconsin Economic Development Corporation (WEDC) today, the company will receive vastly smaller tax subsidies in exchange for greater flexibility about what business it ultimately pursues in the state. Foxconn had originally promised to build an enormous LCD factory employing 13,000 workers and costing $10 billion. With the amendment, it now says it will employ a total of 1,454 people and invest $672 million. In return, the tax subsidies the company is eligible for have been slashed, from $2.85 billion to $80 million.

United statesMount pleasantTimothy bartikScott walkerTony eversWisconsin economic development corporationPresident trumpSouthern wisconsinEnterprise zoneIndustrial internetஒன்றுபட்டது மாநிலங்களில்ஏற்ற ப்லெஸெஂட்ஸ்காட் வாக்கர்டோனி எவர்ஸ்விஸ்கான்சின் பொருளாதார வளர்ச்சி நிறுவனம்ப்ரெஸிடெஂட் துருப்பு

Restoration of Spring Green building designed by Franky Lloyd Wright gets state boost

Restoration of Spring Green building designed by Franky Lloyd Wright gets state boost
wortfm.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wortfm.org Daily Mail and Mail on Sunday newspapers.

United statesWyoming valleyFrank lloyd wrightJonah chesterDave zaleskiValley schoolWisconsin economic development corporationValley school cultural arts centerMonona terraceRobert lamp houseNorth butlerWyoming valley schoolProducer jonah chesterExecutive directorWyoming valley school cultural artsWyoming valley school cultural arts center

Foxconn s Wisconsin deal touted by Trump shrinks from 13,000 jobs to 1,454

Foxconn s Wisconsin deal touted by Trump shrinks from 13,000 jobs to 1,454
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

United statesDonald trumpTony eversThomson reuters trust principlesWisconsin economic development corporationFoxconn technology co ltdWhite houseWisconsin governor tony eversThomson reuters trustஒன்றுபட்டது மாநிலங்களில்டொனால்ட் துருப்புடோனி எவர்ஸ்தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ்விஸ்கான்சின் பொருளாதார வளர்ச்சி நிறுவனம்போக்ஷ்கொன்ங் தொழில்நுட்பம் இணை லிமிடெட்வெள்ளை வீடு