Wisconsin, Foxconn reach new agreement

Local News

MADISON, Wis. (AP) — Foxconn Technology Group has reached a new deal with reduced tax breaks for its scaled-back project in southeast Wisconsin.

Gov. Tony Evers and the world’s largest electronics manufacturer announced the new deal on Monday. Details of the new agreement were not immediately released.

It was scheduled to be approved at a Tuesday meeting of the Wisconsin Economic Development Corp., the state’s top jobs agency that previously negotiated the initial deal with Foxconn.

The original deal with nearly $4 billion in state and local tax incentives was struck in 2017 by then-Gov. Scott Walker.

“I’ve said all along that my goal as governor would be to find an agreement that works for Wisconsin taxpayers while providing the support Foxconn needs to be successful here in our state,” says Gov. Evers.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Don't Miss

More Don't Miss

Coronavirus News

More Coronavirus

Trending Stories

Don't Miss

Your Local Election HQ

More Election

Local Sports

Following in Footsteps: Dylan Wurtz hired as Menasha boys basketball coach

Appleton North wins first Gold Ball at state soccer

UW-Oshosh claims WIAC softball tourney title, automatic NCAA bid

Marty Paulsen

Appleton North soccer wins first state title

On the Diamond: Ashwaubenon stays unbeaten, Kimberly sweeps baseball and softball