Some details of the new agreement between the state of Wisconsin and Foxconn Technology Group are being released.
If it meets all the target goals, Foxconn can qualify for $80-million in tax credits.
Under the original deal reached during the Scott Walker administration, the electronics giant would have received 35-to-50 times as much.
Governor Tony Evers says this is a case of “right-sizing” the contract.
To qualify for fewer tax credits, Foxconn has to invest $676-million in the project at Mount Pleasant and hire 14,054 employees over the next five years.
