Foxconn to get $28.8 million in state tax credits

Meeting jobs and capital investment criteria for the first time, Foxconn Technology Group has qualified for $28.8 million in state tax credits, according to a Wisconsin State Journal report. The Taiwan company’s facility in southeastern Wisconsin has not secured state aid since breaking ground in 2018. The Wisconsin Economic Development Corp. verified that Foxconn created 579 eligible jobs and made a capital investment of $266 million last year. Meeting these requirements qualifies the company for $2.2 million in job credits and $26.6 million in capital investment credits.