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Home / Business / Foxconn Responds to Evers' Plan to Renegotiate | local news

Foxconn Responds to Evers' Plan to Renegotiate | local news



On Thursday, Foxconn Technology Group issued a statement stating that the company remains committed to Wisconsin and its agreement with the state "to also work with Governors Evers and his team in an upcoming and transparent manner." [19659002] Evers: Foxconn's Dealing with the State Must Be Reduced ” class=”img-responsive lazyload full” width=”1700″ height=”1129″ data-sizes=”

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"As we continue our weekly engagement with the Evers administration, particularly through the Department of Administration and the Wisconsin Economic Development Corporation (WEDC), we are in favor of others Consultations open, cooperation and new ideas ", – stated in the statement. "Our investment in Wisconsin is based on our vision to help Badger State create a state-of-the-art, high-tech ecosystem, establishing Wisconsin as a global technology location, not only through the Wisconn Valley Science and Technology Park (WVSTP), but also through our significant investments beyond the WEDC agreement, including our nationwide network of Wisconn Valley Innovation Centers, UW-Madison's $ 100 million research collaboration for the Foxconn Institute for Research in Science and Technology (FIRST) , our partnerships with students, staff and faculty in higher education through the $ 1 million Smart Cities Smart Futures Contest and the $ 100 million Wisconn Valley Venture Fund. Foxconn said the company has "proved to be an important partner for many local academic, civic and business communities in Wisconsin, especially where public-private partnerships are critical to long-term success, like Foxconn's Recent support for the city Racine proves in the Smart Cities Readiness Challenge. "

" Foxconn's commitment to job creation in Wisconsin remains long-term and will continue throughout the duration of the WEDC and beyond, "Foxconn said. "The first construction phase on the WVSTP campus starts again after the winter break. The construction of the TFT LCD production facility will start this summer. We look forward to continuing our first promise in Wisconsin First as we select partners for this next major chapter of our investment.

Evers and the Deal

Foxconn plans to build a state-of-the-art manufacturing campus in Mount Pleasant with 13,000 jobs for the state, approximately half of which is in Racine County.

In return, the state has tax credits of $ 2,000 US $ 85 billion, which can only be disbursed if Foxconn achieves specific furnishing and construction goals, lost tax credits of US $ 9.5 million after it failed to hire the required number of full-time employees.

Am On Tuesday, Evers sparked some controversy after telling reporters he did not believe in 13,000 jobs coming into the state and saying, "Sure. A deal that got hit is no longer in the game, and we'll deal with Foxconn and work with individuals to find out how a new set of parameters should be negotiated. "

Evers added it s If we say which parts of the deal should be changed, if at all, we would know that this contract is a situation that no longer exists. Therefore, our goal is to ensure that taxpayers and environmental standards are protected and we believe that we need to review this contract and see if it needs to be downsized as a result. "


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