Intel Corp. announced plans Friday to build the largest economic development project in Ohio's history. And yet, it almost happened in Wisconsin, according to local economic development officials.
Foxconn Technology Group plans to acquire a former GM plant in Lordstown, Ohio for its initial production of electric vehicles instead of using its existing facility or land in Mt. Pleasant.
Proposed Dane County solar-storage project would be state s largest renewable journaltimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journaltimes.com Daily Mail and Mail on Sunday newspapers.
New state contract offers Foxconn up to $80 million in incentives
New state contract offers Foxconn up to $80 million in incentives
Original deal offered $2.85 billion in tax incentives if the company created 13,000 jobs and invested $10 billion
Share
Last updated on April 20th, 2021 at 03:58 pm
The renegotiated contract between
Foxconn Technology Group and the state of Wisconsin offers the company up to $80 million in tax credits if the company hits certain hiring and investment targets.
The deal dramatically cuts the potential incentives available to the company under a previous agreement negotiated by former Gov. Scott Walker. That deal offered up to $2.85 billion in tax incentives if the company created 13,000 jobs and invested $10 billion.