Curtailed Deal Ends Foxconn's LCD Wis. Ambitions
Differences abound between the contract then-Wisconsin Gov. Scott Walker (R) signed with Foxconn in November 2017 to build an LCD fab and bring 13,000 jobs (see 1711130023) and the curtailed deal that Walker’s successor, Gov. Tony Evers (D), renegotiated with…
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Foxconn this week. Under the contract with Walker, Foxconn would have collected up to $2.85 billion in cash credits from Wisconsin if it brought the project full scale by 2022. The agreement with Evers caps Foxconn’s cash credits at $80 million, based on a projected workforce of 1,454 employees. The only constant between the two deals is the $53,875 average wage that Foxconn is obligated to pay to qualify for cash credits.