Bloomberg Tax
Jan. 23, 2019, 5:52 PM

Foxconn Plant Trump Hailed Misses Jobs Goal, Forfeits Tax Credits

Michael J. Bologna
Michael J. Bologna
Staff Correspondent

Some Wisconsin lawmakers are doubting Foxconn Technology Group’s commitment to job creation after it failed to qualify for state tax credits last year under a $3 billion subsidy and development pact heralded by President Trump as an example of resurgent U.S. manufacturing.

Assembly Minority Leader Gordon Hintz (D) expressed concerns that Foxconn would fall far short of the 13,000 jobs it pledged to create under a deal regarded as the richest tax credit, exemption, and subsidy package in state history. The concern came into focus in a letter to the Wisconsin Economic Development Corporation (WEDC) in which Foxconn confirmed it ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.