Capitol Notes: Evers Hedges On Whether Foxconn Will Qualify For State Tax Credits
Foxconn is back in the news, with questions about whether it will qualify for up to $3 billion in state tax credits in coming years. The Taiwanese electronics giant signed a contract with the state when the company was planning to build large LCD screens at a huge plant in Racine County, creating up to 13,000 jobs. But Foxconn has since reduced the size of its plant and has said it'll manufacture smaller LCD screens. It's not clear how many jobs will be created.
Gov. Tony Evers says Foxconn could still qualify for tax credits if it renegotiates its contract with the state, to reflect changes to the original plans. In this week's Capitol Notes conversation, WUWM's Marti Mikkelson asked JR Ross of wispolitics.com, whether that would take place and what he thinks a renegotiated contract would look like.