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On Thursday, the Foxconn Technology Group issued a statement saying that the company remains committed to Wisconsin and the agreement with the state "and to continue to work with the Governor Evers and his team in a forthcoming and transparent manner."
"While we continue our weekly engagement with the Evers Administration, especially through the Department of Administration and the Wisconsin Economic Development Corporation (WEDC), we are open to further consultation, collaboration and new ideas," the statement reads. "Our investment in Wisconsin is driven by our vision to help the Badger State create an advanced high-tech ecosystem, thus establishing Wisconsin as a global technology hub, not only through the Wiscons Valley Science and Technology Park (WVSTP), but also through our Wiscon Valley Innovation Centers, $ 100 million research partnership with UW-Madison for Foxconn Institute for Research and Technology (FIRST), our partnerships with students, faculty and faculty higher education through the $ 1 million Smart Cities Smart Futures competition, and the $ 100M Wisconn Valley Venture Fund. "
Foxconn went on to say that the company "has come to a key partner to many local academic, civic and business communities in Wisconsin, especially where public-private partnerships are critical to long term success, as evidenced in Foxconn's recent support for the City of Racine to compete in the Smart Cities Readiness Challenge. "
"Foxconn's commitment to job creation in Wisconsin remains long term and will span the length of the WEDC contract and beyond," Foxconn states. "The first phase of construction on the WVSTP campus is beginning anew after the winter break. Construction on the TFT-LCD will begin this summer. We look forward to continuing to honor our Wisconsin.
Evers and the deal
Foxconn plans to build a campus in Mount Pleasant and could add as many as 13,000 jobs to the state, with roughly half of them residing in Racine County.
In exchange the state has $ 2.85 trillion in tax credits that can only be paid out when Foxconn reaches certain hiring and construction goals. Foxconn has already lost out on $ 9.5 million in tax credits.
On Tuesday, Evers stirred up some controversy after telling reporters he did not have faith in 13,000 jobs, "Clearly the deal that is struck by us and we will be working with individuals at Foxconn and of course with WEDC to figure out how to set new parameters should be negotiated. "
Evers added it is premature to say what parts of the deal, if any, would be changed. environmental standards are protected and we believe that we need to take a closer look at it.
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