State Reaches New Agreement with Foxconn |
![]() |
![]() |
![]() |
News |
Written by GOV Press Wisconsin |
Monday, 19 April 2021 09:59 |
http://newiprogressive.com/images/stories/S5/foxconn-wisconsin-plant-2017-s5.jpg MADISON — Gov. Tony Evers today, together with Foxconn Technology Group Board Member and Vice Chairman, Dr. Jay Lee, announced they have reached a new agreement and a resolution is near between the Wisconsin Economic Development Corporation (WEDC) and Foxconn regarding the company’s project in Mount Pleasant. The WEDC Board will review the amended award in the anticipated final step of the process.
“In response to unforeseeable economic conditions, Foxconn began formal negotiations with a desire to lower taxpayer liability in exchange for the flexibility to pursue business opportunities the meet market demand,” said Dr. Jay Lee. “We are grateful to Governor Evers, Missy Hughes, and our team at Foxconn for finding a solution that can go before and be approved by the WEDC Board of Directors.” |
Last Updated on Wednesday, 21 April 2021 10:12 |
|