Foxconn not expect to meet hiring goals in next 3 years


Foxconn not expect to meet hiring goals in next 3 years
MADISON, Wis. (AP) — Foxconn Technology Group is not expected to receive tax credits in the next three fiscal years, continuing its failure to meet goals for hiring and investing in its Wisconsin manufacturing complex, according to state officials. The Department of Administration’s projection came in its budget request for the fiscal years 2022 and 2023. Administrators say the Wisconsin Economic Development Corp. doesn’t expect Foxconn to comply with the state agreement that provides up to $2.8 billion in tax credits, the Milwaukee Journal Sentinel reported... ...more Ken Notes: So far almost every projection regarding Foxconn have been wrong, so I hope that the State is not banking on not having to make payments...

- - Volume: 8 - WEEK: 49 Date: 12/3/2020 8:46:56 AM -

MADISON, Wis. (AP) — Foxconn Technology Group is not expected to receive tax credits in the next three fiscal years, continuing its failure to meet goals for hiring and investing in its Wisconsin manufacturing complex, according to state officials.

The Department of Administration’s projection came in its budget request for the fiscal years 2022 and 2023. Administrators say the Wisconsin Economic Development Corp. doesn’t expect Foxconn to comply with the state agreement that provides up to $2.8 billion in tax credits, the Milwaukee Journal Sentinel reported...
...more

Ken Notes: So far almost every projection regarding Foxconn have been wrong, so I hope that the State is not banking on not having to make payments...