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October 13, 2020

Wisconsin tells Foxconn new tax deal is needed for scaled-back factory

  • The facility envisioned now would make LCD screens for cellphones and other devices, rather than the larger screens first proposed.
  • By SCOTT BAUER
    Associated Press

    MADISON, Wis. — Wisconsin told Foxconn Technology Group on Monday that it won't qualify for billions of dollars in state tax credits unless it strikes a new deal for a scaled-back factory complex.

    State officials have told Foxconn since last year that it would not qualify for the tax credits without revisions to its 2017 contract because the scope of the envisioned factory has been reduced. President Donald Trump heralded the original deal as a sign of a revitalized American manufacturing economy, calling the envisioned plant “transformational” and the “eighth wonder of the world.”


     
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