NC offered Foxconn $570M, but firm took a much higher deal
North Carolina promised tax breaks and other incentives worth more than $570 million to attract a Foxconn electronics plant that could employ 8,800 people, but the state lost out to Wisconsin’s five-times-larger offer, documents released Monday show. Pennsylvania, Ohio and Michigan were also in the running for the Foxconn Technology Group’s plant, according to a June 12 memo included among state documents released to The Associated Press after a public records request. The Taiwan-based manufacturer announced in late July it settled on a southern Wisconsin site for a $10 billion flat-screen factory that could employ 13,000 people. Wisconsin politicians...
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