Foxconn's economic performance report must first go through an independent third-party audit and then be verified by the Wisconsin Economic Development Corp. before any state funds are approved.
Updating results
Foxconn and Fisker, a California-based electronic car manufacturer, are in discussions with the State of Wisconsin about the possibility of building electronic vehicles in Mount Pleasant.
The statewide We're All Innovating Contest awarded 17 first place awards and 230 awards total, distributing $3 million in funds to reimburse some business expenses from the pandemic.
WEDC Secretary Melissa Hughes said "Foxconn’s activities and investments in Wisconsin to date are not eligible for credit" under the contract first signed back in 2017.
The guidelines detailed in the report underscore previous statements by Hughes and Gov. Tony Evers that WEDC will be taking a new direction under Hughes' leadership, with a larger focus on rural areas and startup businesses.
Doyenne's employees and members have spent the past two months mourning the loss of Amy Gannon while also moving forward with the organization's strategic plan, co-founder Heather Wentler said.
CEO Mark Hogan also declined to say if Foxconn officials first approached the state about reopening its deal.
Foxconn made the announcement Friday morning at Monona Terrace. Representatives from BMO Financial Group and UW-Madison were also in attendance.
While calling for changes to the controversial agency, Evers' proposal falls short of his campaign calls to abolish the agency.
The announcement suggests how Evers may seek to influence the mission of the controversial, quasi-public jobs agency created by Walker, Wisconsin Economic Development Corp.
Hogan said WEDC currently gives tax credits to more than 300 companies in exchange for a "couple hundred thousand" jobs.
The comments come amid heightened debate, following Evers' win, about how the state uses taxpayer dollars to attract and retain jobs.
The measure is set for a hearing in the Legislature's budget-writing Joint Finance committee Wednesday morning.
Gov. Scott Walker has signed a $3 billion incentive package designed to lure a Foxconn Technology Group flat-screen plant to southeastern Wisconsin.
Last week's Foxconn news was the rare announcement that won plaudits from both parties at the Wisconsin State Capitol.
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Wisconsin companies exported $21.2 billion worth of products to sellers outside the United States in 2016, a dip of about 6 percent from the p…
Baum Development wants more time to secure federal tax credits, but a memo sent Friday to members of the city's top finance committee warned that a delay could hamper alternatives should Baum abandon the project.
The bill's future is uncertain in the state Senate where a key lawmaker has not held a public hearing.
At issue is the August vote by the state public records board to change the definition of "transitory correspondence."
A recent article about the Wisconsin Economic Development Corp. highlighted consideration of a policy for referring fraud to law enforcement. …
The venture will include visits to two of China's largest cities, Tianjin and Nanjing.
A series of blistering reports prompted a call for additional reviews of companies receiving taxpayer funds.
Raymond Dreger, a board member of the Wisconsin Economic Development Corp., and chairman of the agency's audit committee, said some of the agency's biggest problems have been resolved.
Assembly Democratic Leader Peter Barca of Kenosha accused the Wisconsin Economic Development Corp. of stonewalling his requests for the documents.