Wisconsin taxpayers saved $2.77B in renegotiated contract after Foxconn mostly abandoned its plans
Governor Tony Evers announced that the state had renegotiated its contract with Foxconn, the world’s largest electronics manufacturer, lowering the burden on taxpayers after the company failed to honor its contract agreements and public promises. The new agreement negotiated under Governor Evers between the Wisconsin Economic Development (WEDC) and Foxconn will save Wisconsin taxpayers a total of $2.77 billion compared to the previous contract, maintain accountability measures requiring job creation to receive incentives, and protect hundreds of millions of dollars in local and state infrastructure investments made in support of the project. “When I ran to be governor, I...
Read More