Wednesday - November 29, 2017 2:57 pm

Racine County approves funding for Foxconn development

Written by

Board voted unanimously to provide $764 million for company

RACINE, Wis. — Racine County is the latest government entity to approve funding for Foxconn and its plan to build a manufacturing campus in southeastern Wisconsin.

The county board voted unanimously Tuesday night to provide up to $764 million for the Taiwanese company’s project in Mount Pleasant. Foxconn says the $10 billion flat screen manufacturing complex could eventually employ 13,000 people.

Mount Pleasant approved the local funding on Monday. The county and village contract with Foxconn includes property tax payment guarantees.

The local funding is in addition to up to $3 billion in state incentives already approved by legislators and Gov. Scott Walker.

Last modified on Wednesday - November 29, 2017 5:24 pm
Associated Press

This email address is being protected from spambots. You need JavaScript enabled to view it.

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.