Some details of the new agreement between the state of Wisconsin and Foxconn Technology Group are being released. If it meets all the target goals, Foxconn can qualify for $80 million in tax credits. Under the original deal reached during the Scott Walker administration, the electronics giant would have received 35-to-50 times as much. Governor Tony Evers says this is a case of “right-sizing” the contract. To qualify for fewer tax credits, Foxconn has to invest $676 million in the project at Mount Pleasant and hire 1,454 employees over the next five years.

No responses yet

Leave a Reply

%d bloggers like this: