Five Year Anniversary of Foxconn's Wisconsin Announcement

Wednesday, July 27th, 2022 -- 12:01 PM

(Bob Hague, WRN) Tuesday marked an anniversary of sorts for Foxconn in Wisconsin.

It was July 27, 2017 - the Taiwanese electronics firm announced plans to invest 10 billion dollars in a new plant to produce liquid crystal display panels. Then Governor Scott Walker’s nearly three billion dollar tax credit deal with Foxconn included promises of 3,000 initial jobs, with up to 13,000 employed eventually.

In the five years since, activity at Foxconn’s Mount Pleasant campus has fallen well short of those expectations. Foxconn has modified its business plan several times, and in 2021 the Evers administration renegotiated the state’s agreement.

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