A new chapter in the cautionary tale.
Foxconn Technology Group and the state of Wisconsin have reached a new deal, reducing tax breaks for a scaled-back project planned for Racine County in southeast Wisconsin, reports Scott Bauer for the Associated Press.
The terms of the deal, negotiated with Wisconsin Economic Development Corp., are still unannounced, but they follow a historic tax deal negotiated with the company in 2017, and touted as a major political victory for former Gov. Scott Walker and former President Donald Trump, before falling well short of expectations. The original deal promised $4 billion in tax breaks from the state, and concessions in environmental regulations, in return for the construction of a $10 billion manufacturing facility once promised to employ as many as 13,000 people.
A press release from the office of Wisconsin Gov. Tony Evers announced the new deal.
FULL STORY: Foxconn, Wisconsin reach new tax break deal for scaled-back project
Another EPA Rollback, Tailor-Made for Gov. Walker and Southeast Wisconsin
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Wisconsin Canceling its Checks to Foxconn
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Foxconn Changes its Mind (Again)
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Seattle Legalizes Co-Living
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NYC Officials Announce Broadway Pedestrianization Project
Two blocks of the marquee street will become mostly car-free public spaces.
Denver's New High-Rise Integrates Vertical Canyon in Architectural Design
Unlike other new builds in Denver, Colorado, a new high-rise reveals a unique “sculptural canyon” running vertically through the facade to foster a sense of community and connection to nature.
A Brief History of Kansas City’s Microtransit
The city’s costly experiment with on-demand transit is yielding to more strategic investment.
Central Ohio Leaders Form Regional Housing Partnership
A new coalition will seek to address growing housing needs and improve affordability by supporting new housing development across the region.
California E-Bike Rebate Program Launches — Again
After a series of fits and starts, CARB says the program will begin accepting applications this month.
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