WISCONSIN GOP TIES FOXCONN DEAL TO JOBS CREATED
WIS.» Wisconsin Republicans MADISON, made a series of adjustments Friday to a state incentives package for Foxconn, including provisions that would tie tax credits to the number of living-wage jobs created and encourage the company to hire Wisconsin residents.
The Taiwanese electronics giant plans to build a 20 million-squarefoot plant in southeastern Wisconsin that the company says could eventually employ up to 13,000 people. Gov. Scott Walker has introduced a bill that would lay out $3 billion in tax credits for the company, exempt the plant from a host of environmental regulations and borrow $252 million for interstate highway repairs around the plant.
The new version of the package retains the tax breaks but ties them to the number of jobs created that pay at least $30,000.