Foxconn, Wisconsin nearing agreement

MADISON, Wis. — Foxconn Technology Group is willing to accept a reduction in state tax credits “in exchange for a flexible business environment inWisconsin,” the company told state officials as both sides move closer to reaching a newdeal.

Communication between the state and theworldwide electronics leadershowbothsides are nearing agreement, records obtained Friday by the Milwaukee Journal SentinelandWisconsinStateJournal show.

The state has been pushing Foxconn to amend the contract to reflect that the company’s