Foxconn Technology Group qualified for tax breaks from the state of Wisconsin for a second year in a row in 2022 under revised contract terms that lowered benchmarks the technology company needed to meet.
The Taiwan-based company qualified for $8.6 million in tax credits based on creating 768 eligible jobs at its southeastern Wisconsin facility and making a $77.4 million capital investment by the end of 2021, the Milwaukee Journal Sentinel reported Tuesday. That’s on top of nearly $30 million in tax breaks Foxconn earned in 2021.
“With hundreds of employees verified by economic development officials based on 2020 and 2021 reporting periods, the company now has over 1,000 employees working in Wisconsin,” Foxconn Technology Group said in a Tuesday statement. “The company thanks Governor Tony Evers and his team for their partnership as we continue to invest in Wisconsin.”