Foxconn Technology Group reaches deal with Wisconsin

MADISON, Wis. (AP) — Foxconn Technology Group has reached a new deal with reduced tax breaks for its scaled back manufacturing facility in southeast Wisconsin. Details of the new agreement were not immediately released. A person with knowledge of the new contract who was not authorized to speak publicly about the deal says it will reduce the potential tax breaks by billions of dollars and still have potential tax breaks worth more than $10 million for the world’s largest electronics manufacturer. It was scheduled to be approved at a Tuesday meeting of the Wisconsin Economic Development Corp. The original deal with nearly $4 billion in state and local tax incentives was struck in 2017 by then-Gov. Scott Walker.