MADISON, Wis. (AP) — Foxconn Technology Group will be eligible for just $80 million in taxpayer subsidies under a new contract signed Tuesday, down from nearly $3 billion it could have received under the original deal that envisioned a much larger project in southeastern Wisconsin.
Democratic Gov. Tony Evers, who ran in 2018 as a critic of the deal that his Republican predecessor struck with the world’s largest electronics manufacturer, announced details of the new contract after it was approved by the Wisconsin Economic Development Corp. during a closed session.
“The last deal didn’t work for Wisconsin, and that doesn’t work for me,” Evers said. “Today I’m delivering on that promise with an agreement that treats Foxconn like any other business and will save taxpayers $2.77 billion, protect the hundreds of millions of dollars in infrastructure investments the state and local communities have already made, and ensure there’s accountability for