KENOSHA COUNTY, Wis. — We are waiting to learn details on a possible new deal involving the state of Wisconsin and Foxconn.
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 said Foxconn did not meet the required minimum number of full-time employees hired to work on the project and the company did not follow through on its project that it described in the original contract.
Spectrum News 1 checked in with the state to learn new details on a possible contract, but leaders stress they won’t release information out of respect for the company until things are finalized....
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
Ken Notes: Honestly why do we care? We made a deal with Foxconn based on jobs and build-out that they did not produce and therefore they did not collect. We now need to let them figure out where they are going and how can we help --- and WE SHOULD DO THE SAME FOR ANY WISCONSIN COMPANY. I believe Missy Hughes gets this at least I hope she does. We also need to make sure Foxconn and other growth in the area covers the investment made by the local communities in land acquisition and infrastructure build-out.
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- - Volume: 9 - WEEK: 16 Date: 4/15/2021 10:13:59 AM -