The world's largest contract manufacturer of electronic devices has been working on a 20-million-square-foot manufacturing campus in Wisconsin, in which it will invest $10 billion over four years, to build electric vehicles.
Over the past year, Foxconn has created 579 jobs and has invested $266 million in the community, with nearly $1 billion in total investments for Wisconsin, the state's assembly speaker Robin Vos said in a statement."With the current work environment, it's crucial we highlight and focus on the businesses that want to participate in Wisconsin's economy," Vos said.
The project, first announced in 2017, was once called "the eighth wonder of the world" by former U.S. President Donald Trump. The company had said in April it would reduce its planned investment and cut the number of new jobs, citing market fluctuations and changing global market conditions.Reporting by Nivedita Balu in Bengaluru; Editing by Shinjini GanguliSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
How much does families get in child tax break?…..
Why does a Taiwanese company get 30mil in tax breaks but Wisconsin citizens don’t Why do republicans just love giving our money away to foreigners & big businesses, but hate to give their own citizens any relief