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Foxconn Objects To Wisconsin’s Denial Of Tax Credits

WEDC Said Earlier This Month Company Did Not Qualify For Tax Breaks Based On Capital Investments, Hiring In 2019

A worker in a lift looks up as he works inside a large globe.
Workers construct a globe on the Mount Pleasant Foxconn campus Wednesday, Oct. 21, 2020. Angela Major/WPR

Foxconn Technology Group has notified the state of Wisconsin that it objects to the state’s denial of job-creation tax credits.

The Wisconsin Economic Development Corp. earlier this month said Foxconn did not qualify for tax breaks based on capital investments and hiring done in 2019.

The state economic development agency determined Foxconn only hired 281 full-time employees who are eligible to count toward tax credits at its facility in southeastern Wisconsin and made just $300 million in capital expenditures.

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Taiwan-based Foxconn disputes those numbers and said in a letter Friday it hopes to resolve the disagreement within 30 days.

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