Hiring ‘loophole’ could net Foxconn investment tax credit
Was a year-end surge in hiring at Foxconn Technology Group in Racine County timed to ensure it could collect a $52.5 million tax credit for 2019?

Bruce Murphy, editor of the news website Urban Milwaukee, raises that question in a column published Tuesday.

Foxconn told the Milwaukee Journal Sentinel in mid-December that hiring would surpass 520 employees by the end of 2019.

The Foxconn plant in Mount Pleasant hadn’t shown signs of activity or workers up to that point, Murphy notes — but days later, the parking lot at the company’s multipurpose building was packed...

   ...more

Ken Notes: Please have you development agreements proofed by experts that can run a number of scenarios. One of my mentors was fond of the phrase "Trust but Verify".



- - Volume: 8 - WEEK: 10 Date: 3/5/2020 10:16:11 AM -