Foxconn Technology Group is not expected to

receive tax credits in the next three fiscal years,

continuing its failure to meet goals for hiring

and investing in its Wisconsin manufacturing

complex, according to state officials.

The Department of Administration’s projection

came in its budget request for the fiscal years

2022 and 2023. Administrators say the Wisconsin

Economic Development Corp. doesn’t expect

Foxconn to comply with the state agreement

that provides up to $2.8 billion in tax credits, the

Milwaukee Journal Sentinel reported.

In 2017, Foxconn said it would invest up to

$10 billion in a Racine County plant that could

generate 13,000 jobs and make large LCD screens.

FOXCONN NOT

EXPECT TO

MEET HIRING

GOALS IN NEXT

3 YEARS