⁍ Wisconsin said last week that Foxconn’s planned factory did not create enough jobs in 2019 to earn its owner Foxconn tax credits.
⁍ The planned $10 billion, 20-million-square-foot campus was hailed by the White House as the largest investment by a foreign-based company in U.S. history.
– Foxconn says it will go ahead with a $10 billion plant in Wisconsin despite missing job-creation targets for a second year running. “Foxconn re-asserts it will continue to work with President Trump and state and local government officials to create more jobs and to attract new investment to Wisconsin,” founder Terry Gou said in a statement Tuesday, per Reuters. The company, which is based in Taiwan, announced plans to build a liquid-crystal-display factory in Mount Pleasant in 2017 after receiving a $3 billion package of tax credits from Wisconsin. But the state said last week that the plant didn’t create enough jobs in 2019 to qualify for the tax credits, the second year in a row Foxconn has missed job-creation targets, reports the Milwaukee Journal Sentinel. Gou said the company has not wavered on its commitment to the state. “The world has changed a lot since Foxconn’s partnership with Wisconsin began, but Foxconn’s commitment to the state has not wavered,” he said.
Source: https://www.reuters.com/article/us-foxconn-wisconsin/foxconn-says-it-will-continue-to-work-with-wisconsin-to-create-jobs-woo-investors-idUSKBN2750EP