Wisconsin taxpayers will give Foxconn employees 17-percent of the workers’ salaries, plus 15-percent of the firm’s construction and equipment costs. That’s part of the contract to be signed tomorrow (Friday) by Governor Scott Walker and Foxconn chairman Terry Gau for the company’s new L-C-D screen plant at Mount Pleasant. The wages and salaries would come from up to one-point-five billion dollars in state tax breaks for the jobs Foxconn creates — and the construction costs would come from up to one-point-three-five billion in state credits for capital investments. To get the full job credits, Foxconn must employ at least one-thousand-40 people next year, and 13-thousand each year from 2022 through 2032. Foxconn would pay the state 500-million or more if the firm does not meet its job commitments.
Foxconn Deal: State Taxpayers To Cover 17 Percent Of Employee Pay
Nov 9, 2017 | 6:22 PM
State News