Foxconn Technology Group still hasn’t revealed what it plans to manufacture at the plant it’s building in Racine County near I-94. But that didn’t stop Gov. Tony Evers from inking a new agreement with the Taiwanese tech giant last week.
Foxconn started building a massive LCD screen manufacturing complex in Mount Pleasant in 2018. But then markets changed, so now the company is constructing a scaled-down operation.
The state approved a contract last week for Foxconn to qualify for $80 million in taxpayer subsidies — if it employs about 1,400 people with an average annual salary of about $53,000. That’s down from nearly $4 billion in state and local credits the company could have received under the original plan. That deal included a commitment of 13,000 jobs from Foxconn.
In this week’s Capitol Notes, Marti Mikkelson asks R Ross of wispolitics.com what will be the impact of the new agreement on Wisconsin.
