Date: Aug 13, 2017
By: AP, MADISON, Wisconsin
Wisconsin Republicans on Friday announced revisions to a state incentives package for Foxconn Technology Group (富士康), 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 1.86km2 plant in southeastern Wisconsin that the company has said could eventually employ up to 13,000 people.
Wisconsin Governor Scott Walker has introduced a bill that would lay out US$3 billion in tax credits for the company, exempt the plant from a host of environmental regulations and borrow US$252 million for interstate highway repairs around the plant. [FULL STORY]