Foxconn Technology Group is eligible for $6.3 million in additional tax credits from the state of Wisconsin after meeting a series of hiring and spending benchmarks in 2022.
A verification form submitted to the Wisconsin Economic Development Corp. shows that the electronics manufacturer invested $26.6 million in its Wisconsin facilities last year and employed 1,029 people. Out of those 1,029 positions, 261 were newly created jobs.
Out of the newly approved $6.3 million in tax credits, $4.1 million was earned from Foxconn’s total job creation and $2.2 million was earned from the company’s total capital expenditures in 2022.
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