Foxconn not expect to meet hiring goals in next 3 years

Foxconn not expect to meet hiring goals in next 3 years

3 years ago
Anonymous $y15ULlV7sG

https://apnews.com/3c4de34792d4788fe710d1aa8aa9e5f7

MADISON, Wis. (AP) — Foxconn Technology Group is not expected to receive tax credits in the next three fiscal years, continuing its failure to meet goals for hiring and investing in its Wisconsin manufacturing complex, according to state officials.

The Department of Administration's projection came in its budget request for the fiscal years 2022 and 2023. Administrators say the Wisconsin Economic Development Corp. doesn't expect Foxconn to comply with the state agreement that provides up to $2.8 billion in tax credits, the Milwaukee Journal Sentinel reported.