Governor Evers and electronics giant Foxconn have reached terms on a new agreement for the company’s project in Mount Pleasant.
The Wisconsin Economic Development Corporation Board is set to review the agreement and approve it. Details of the agreement haven’t been made public.
In December a deal was in the works that would have Foxconn agree to take fewer state tax credits. The company failed to meet the tax credit threshold in 2020. The company has also discussed making electric vehicles at the southern Wisconsin plant. Foxconn had promised to build a factory to make LCD screens in Mount Pleasant, but they’ve scaled back on the $10 billion project. The Taiwanese company initially promised to hire 13,000 people.
