Gov. Evers, Foxconn Reach New Agreement
Wisconsin Economic Development Corporation Board of Directors set to review, approve agreement
MADISON — Gov. Tony Evers today, together with Foxconn Technology Group Board Member and Vice Chairman, Dr. Jay Lee, announced they have reached a new agreement and a resolution is near between the Wisconsin Economic Development Corporation (WEDC) and Foxconn regarding the company’s project in Mount Pleasant. The WEDC Board will review the amended award in the anticipated final step of the process.
“I’ve said all along that my goal as governor would be to find an agreement that works for Wisconsin taxpayers while providing the support Foxconn needs to be successful here in our state,” said Gov. Evers. “I’m incredibly grateful for all the folks at the WEDC and Foxconn for their help working to find a solution that works for everyone, and I look forward to the amendment being approved by the WEDC Board of Directors.”“In response to unforeseeable economic conditions, Foxconn began formal negotiations with a desire to lower taxpayer liability in exchange for the flexibility to pursue business opportunities the meet market demand,” said Dr. Jay Lee. “We are grateful to Governor Evers, Missy Hughes, and our team at Foxconn for finding a solution that can go before and be approved by the WEDC Board of Directors.”
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
More about the Foxconn Facility
- Foxconn Paid Mount Pleasant $15 Million Make-Up Fee in 2025 - Steph Conquest-Ware - Jan 6th, 2026
- Murphy’s Law: Total Cost of Foxconn Is Rising - Bruce Murphy - Dec 8th, 2025
- WEDC, Foxconn announce additional $569 million investment in Racine County - Wisconsin Economic Development Corporation - Nov 25th, 2025
- Foxconn Acquires 20 More Acres in Mount Pleasant, But For What? - Joe Schulz - Jan 7th, 2025
- Murphy’s Law: What Are Foxconn’s Employees Doing? - Bruce Murphy - Dec 17th, 2024
- With 1,114 Employees, Foxconn Earns $9 Million in Tax Credits - Joe Schulz - Dec 13th, 2024
- Mount Pleasant, Racine in Legal Battle Over Water After Foxconn Failure - Evan Casey - Sep 18th, 2024
- Biden Hails ‘Transformative’ Microsoft Project in Mount Pleasant - Sophie Bolich - May 8th, 2024
- Microsoft’s Wisconsin Data Center Now A $3.3 Billion Project - Jeramey Jannene - May 8th, 2024
- We Energies Will Spend $335 Million on Microsoft Development - Evan Casey - Mar 6th, 2024
Read more about Foxconn Facility here
Mentioned in This Press Release
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And Vos, Steineke, et al. Said it couldn’t be done. Good on ya, Governor Evers and Missy Hughes.