Picking Pockets: WEDC’s taxpayer-funded plan pays Foxconn for work done out-of-state
Wisconsin’s nonpartisan Legislative Audit Bureau (LAB) recently reported that the Wisconsin Economic Development Agency (WEDC) needed to modify its procedures to ensure tax credits were not awarded for Foxconn Technology Group employees engage in work outside of the state. The Audit Bureau released its findings about the procedures established by the WEDC, detailing how they were in violation of state law and the contract with the company. A loophole in the contract could allow Foxconn to count workers who live out-of-state towards the quota, or the get credit for workers hired in other states. As a result, Foxconn could...
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