Search results
Results From The WOW.Com Content Network
In 2020, the Wisconsin Economic Development Corp. (WEDC) determined Foxconn would not receive tax credits for work done in 2019, saying it hired only 281 tax-eligible employees, did not carry out the Gen 10.5 LCD project, and only made $300 million in capital expenditures. [27]
In April 2021, WEDC and Foxconn approved a revised agreement under which Foxconn will be eligible to receive up to $80 million in performance-based tax credits if the company invests to $672 million and creates 1,454 jobs in Wisconsin by 2026. The new contract does not specify what Foxconn will build at the site.
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 ...
Trump's campaign didn't address Foxconn, but the Republican former president often says the economy was in a much better position when he was in office and will be again should he win in 2024 ...
Wisconsin's economic development agency needs to modify its procedures to ensure that tax credits aren't awarded for Foxconn Technology Group employees who don't perform work in the state, which ...
Foxconn, meanwhile, said its current Wisconsin operation “greatly contributes” to the company, which has invested roughly $1 billion in the state and now employs more than 1,000 people at Foxconn Wisconsin. Wisconsin Republican U.S. Rep. Bryan Steil, who represents the district where Biden was visiting Wednesday, said the Microsoft ...
In 2016, Foxconn, together with Tencent and luxury-car dealer Harmony New Energy Auto, founded Future Mobility, a car start up that aimed to sell all-electric fully autonomous premium cars by 2020. [24] A Foxconn unit, Foxconn Interconnect Technology, acquired Belkin International for $866m on 26 March 2018. [25]
For the third year in a row, the Foxconn Technology Group has been approved for tax credits by the state Foxconn awarded $6.3 million in tax credits for meeting jobs, capital investment goals Skip ...