WIS­CON­SIN GOP TIES FOX­CONN DEAL TO JOBS CRE­ATED

The Denver Post - - BUSINESS -

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.

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