Foxconn objects to WEDC denial of tax incentives
The tug of war between Gov. Tony Evers’ administration and Foxconn over billions in tax incentives has moved to a new stage.

Foxconn is now formally objecting to Wisconsin Economic Development Corp.’s determination that the company is ineligible for billions in tax incentives under a contract signed with former GOP Gov. Scott Walker.

In the objection letter to WEDC, Foxconn wrote it looks forward to continuing its discussions with WEDC in the coming weeks.

“Despite frustrations and disappointment with WEDC’s decision and the method chosen by the WEDC to inform the Recipients of its determination, it is the Recipients’ intention to continue to work with the WEDC in good faith to resolve this disagreement … in a manner that benefits interested parties, including Racine County and the Village of Mount Pleasant,” said the letter....
   ...more

Ken Notes: Just a word of caution, Foxconn may be looking for an exit strategy...



- - Volume: 8 - WEEK: 46 Date: 11/12/2020 8:37:01 AM -