KENOSHA COUNTY, Wis. — Foxconn is ineligible to receive tax credits from Wisconsin for work done in 2019, according to the Wisconsin Economic Development Corporation.
According to the WEDC, the company did not meet the minimum number of full-time employees hired to work on the project and Foxconn also did not carry out the project described in its original contract.
“In the contract Foxconn promised to build a Gen 10.5 LCD factory project, a factory that would employ 13,000 people. Foxconn has said publicly they don’t have plans to build that facility. So they are not eligible for the tax credits the state was offering," said Secretary and CEO of WEDC, Missy Hughes.
The WEDC is working with Foxconn to renegotiate and is still thankful Foxconn is in Wisconsin.
Meanwhile, Foxconn released this statement: “To date, Foxconn has not received any tax credits from the State of Wisconsin despite achieving employment levels above 520 people and investing $750 million dollars in Wisconsin that includes over a half a billion dollars invested in Foxconn’s manufacturing park. Foxconn came to the table with WEDC officials in good faith to discuss new terms of agreement which have consequential impacts to Racine County and the Village of Mount Pleasant, third party partners in this development project. WEDC’s determination of ineligibility during ongoing discussion is a disappointment and a surprise that threatens good faith negotiations.”