Foxconn Technology Group said Monday that it plans to use its factory in Mount Pleasant to make masks for those on the front lines of the COVID-19 outbreak.
Racine-based Cornerstone Pavers USA and two affiliated companies have filed for bankruptcy, a decision that comes on the heels of major delays on several projects in southeastern Wisconsin.
If a company comes into your state and says it will create 13,000 jobs making screws, then turns around and says it will make bolts instead, who cares?
Foxconn Technology Group, the largest electronics manufacturer in the world, could still qualify for as much as $3 billion in state tax credits if it makes changes to its deal with the state in response to current plans for the plant the company now has under construction, Gov. Tony Evers said on Thursday.
Wisconsin's economic development agency needs to modify its procedures to ensure that tax credits aren't awarded to Foxconn Technology Group for employees who don't perform work in the state, which would violate the law and the state's contract with the company, an audit released Tuesday said.
Foxconn Technology Group has awarded more than $31 million to four companies for work related to the massive factory that's under construction at its campus in Mount Pleasant.