Foxconn Can`t Be Awarded Tax Credits Until Contract With State Is Reorganized
Foxconn officials say they have invested "hundreds of millions" of dollars in the development of the Wisconn Valley Science and Technology Park in Racine County and have met the state’s pay-for-performance criteria, according to an open records request from Wisconsin Public Radio.
"Foxconn directly employed 600 individuals, with more than 550 meeting the criterial for qualifications as full-time employees," Jay Lee, board member and vice chairman of Foxconn Technology Group wrote to Wisconsin Economic Development Corp. (WEDC) Secretary Missy Hughes. "Alongside our local partners, we have built a strong foundation for the Wisconsin project, and set the stage for Wisconn Valley to be the center of a high-technology hub for North America.
Foxconn had to create a minimum of 520 jobs in 2019 to be eligible for state tax credits. The company had until April 1 to report the number of jobs it created last year...
Ken Notes: WDNews checked the parking lot at the new site and there were 100 cars or so. This could be construction workers or employees setting up to make ventilators. The need to do some documentation but they are doing SOMETHING. I will see if my new friend is willing to post some video and pictures for your media outlets...
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- - Volume: 8 - WEEK: 15 Date: 4/9/2020 10:30:34 AM -