Foxconn falls short of new jobs needed for state tax credits
MOUNT PLEASANT, Wis. (CBS 58) -- Foxconn will not seek the first year of its tax credits after falling short of the hiring minimum required by Wisconsin. Foxconn ended with 178 full-time jobs which is 82 short of the 250 needed for the tax credit.
In total, Foxconn created over 1,000 jobs.
In a press release, Foxconn said they, "Continue to make good progress on all fronts related to the Wisconn Valley Science and Technology Park, as well as our network of Innovation Centers established throughout Wisconsin to support the project and the state’s technology ecosystem."
The electronics company says they still plan on creating 13,000 jobs in Wisconsin but have adjusted their recruitment and hiring timeline. They cite changing global economic conditions as a factor to the change, "As a company with operations around the world, we need to have the agility to adapt to a range of factors, including global economic conditions.
Foxconn will be conducting more information sessions for contractors over the next few months. They expect to start construction of new facilities this spring.