MOUNT PLEASANT, Wis. (AP) — Local officials in southeast Wisconsin where Foxconn Technology Group is building a manufacturing facility are looking into renegotiate their contract with the world’s leading electronics provider after the state recently finalized a new downsized agreement to reflect the scaled back project.
The state’s new contract with Foxconn makes $80 million in tax breaks available, down from nearly $3 billion in the the original 2017 deal that envisioned a substantially larger manufacturing facility.
Mount Pleasant Village President Dave DeGroot told WTMJ-TV this week that “everything is on the table” when it comes to local agreements with Foxconn.
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