Foxconn drastically scales back plans for $10 billion Wisconsin factory
At first, Foxconn stated the facility would lead to 13,000 new tasks. When the business and state authorities revealed the project, Foxconn pledged to construct a production facility at the school, which spans 20 million square feet. Foxconn’s aims for the school have actually long been in flux. The latest offer in between Foxconn and Wisconsin minimizes the scheduled aids for the job, which ultimately could have cost taxpayers over $4 billion. Foxconn is now qualified for $80 million in tax credits, down from $2.85 billion.
When the business and state authorities revealed the project, Foxconn pledged to construct a manufacturing facility at the school, which covers 20 million square feet. The most current deal between Foxconn and Wisconsin reduces the scheduled aids for the task, which eventually might have cost taxpayers over $4 billion. Foxconn is now eligible for $80 million in tax credits, down from $2.85 billion.