The Department of Administration says Foxconn Technology Group isn’t expected to receive any tax credits over the next three fiscal years. The Taiwan-based tech giant continues to fall short of hiring goals established for its southeastern Wisconsin manufacturing complex. The Wisconsin Economic Development Corporation says it doesn’t expect Foxconn to comply with the original agreement which could have provided up to two-point-eight-billion dollars in tax credits. Foxconn promised in 2017 it would invest up to 10-billion in a plant near Mount Pleasant which would generate 13-thousand jobs.

No responses yet

Leave a Reply