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MADISON — Foxconn won’t be getting $2.8 billion in state tax credits anymore. After more than a year of negotiations, the State of Wisconsin and Foxconn Technology Group officials say they’ve reached a new agreement regarding the Taiwan-based company’s manufacturing plant near Racine that would provide Foxconn fewer state tax credits than originally agreed upon. The embattled Foxconn project in southeastern Wisconsin has faced considerable scrutiny over the last three years for failing to meet expectations laid out in its originally 2017 agreement. State officials told the...

Gov. Tony Evers says Foxconn, Wisconsin on brink of new deal; WEDC to meet Tuesday to discuss project Ricardo Torres and Molly Beck, Milwaukee Journal Sentinel © Mike De Sisti / Milwaukee Journal Sentinel The Foxconn complex in Mount Pleasant is shown on Monday, April 19, 2021. Gov. Tony Evers announced Monday that his administration and Foxconn officials have reached an agreement on new terms and that the new deal will go before the Wisconsin Economic Development Corp. board of directors for approval on Tuesday. MADISON - Wisconsin and Foxconn are on the brink of a new agr...

Foxconn Talks Continue in Wisconsin SHARE KENOSHA COUNTY, Wis. — We are waiting to learn details on a possible new deal involving the state of Wisconsin and Foxconn. What You Need To Know Foxconn was ineligible to receive tax credits from Wisconsin for work done in 2019 WEDC said Foxconn did not meet the required minimum number of full-time employees hired to work on the project  The WEDC is working with Foxconn to renegotiate If you recall, Foxconn was ineligible to receive tax credits from Wisconsin for work done in 2019, according to the Wisconsin Economic Development Corporation. WEDC...