Wisconsin Examiner

Foxconn Audit Delayed Two Months

Company claims it earned a subsidy for employees hired and capital expenditures, state still analyzing data.

By , Wisconsin Examiner - Jun 3rd, 2020 11:11 am
Foxconn's groundbreaking ceremony. Photo from the White House.

Foxconn’s groundbreaking ceremony. Photo from the White House.

An audit of Foxconn’s 2019 jobs report has been put off until mid-July, with the auditors blaming the state’s COVID-19 pandemic conditions, according to the Wisconsin Economic Development Corp.

The audit was originally due May 15, and is now due July 14. The audit is conducted by an independent third party under the company’s agreement with the state, then submitted to Foxconn, which will turn it over to the state.

Submission of the audit is one of the conditions for Foxconn to receive up to $3 billion in state tax credits under legislation passed during Scott Walker’s last term as governor to lure the company to build a plant in Racine County.

The company claimed in its 2019 report, which was submitted April 1, that it had hired more than 600 employees by the end of 2019, clearing a quota for the tax credits.

What will actually be produced at the Wisconsin plant, located in the Village of Mount Pleasant, has been in flux since ground first broke on the project. Most recently the company has said it would manufacture ventilators to meet a demand for the respiratory machines brought on by the COVID-19 pandemic.

Reprinted with permission of Wisconsin Examiner.

One thought on “Foxconn Audit Delayed Two Months”

  1. mr_cox says:

    Don’t understand why Walker, Vos, and Fitzgerald aren’t advertising the rousing success of this deal– only cost $5 million per job.

Leave a Reply

You must be an Urban Milwaukee member to leave a comment. Membership, which includes a host of perks, including an ad-free website, tickets to marquee events like Summerfest, the Wisconsin State Fair and the Florentine Opera, a better photo browser and access to members-only, behind-the-scenes tours, starts at $9/month. Learn more.

Join now and cancel anytime.

If you are an existing member, sign-in to leave a comment.

Have questions? Need to report an error? Contact Us