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Audit faults plans to credit Foxconn for work outside state

Audit faults plans to credit Foxconn for work outside state

5 years ago
Anonymous $9ruWwTnhZq

https://apnews.com/68981d62175d1361766f85ea4bfe2754

MADISON, Wis. (AP) — Wisconsin's economic development agency needs to modify procedures to ensure tax credits aren't awarded for Foxconn Technology Group employees who don't do work in the state, which would violate state law and the contract with the company, an audit released Tuesday said.

It is the second year in a row that the nonpartisan Legislative Audit Bureau has raised the concern. Foxconn, the world's largest electronics manufacturer, is building a display screen manufacturing plant in southeast Wisconsin. It has yet to qualify for any tax credits related to job creation under the nearly $3 billion deal struck with the state in 2017.