Unable to reach job creation goals, Foxconn fails to qualify for first round of tax credits
Foxconn Technology Group did not create enough Wisconsin jobs in 2018 to immediately claim state tax credits. Foxconn failed to create enough jobs last year to qualify for the first round of tax credits under a nearly $3 billion package the Walker administration negotiated with the Taiwanese manufacturer to build a plant in southeastern Wisconsin. The company could still qualify for the first year of credits under its contract if it hits future goals. The company reported on January 17 to Mark Hogan, CEO of the Wisconsin Economic Development Corporation (WEDC), that it created 178 jobs that met the...
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