In October 2020, the State of Wisconsin denied Foxconn's claim for tax credits stating that Foxconn failed to build a Gen 10.5 LCD factory specified in both the state contract and local development agreement. They also stated that Foxconn had failed to hire enough full time employees and fell short of the agreed capital investment targets in the contract.
Wisconsin declared the contract with Foxconn to be
broken and in need of renegotiation.
Foxconn replied they never agreed to build a Gen 10.5 LCD factory.
Further, the State of Wisconsin announced that it doesn't expect Foxconn to meet any hiring goals for the next three years.
In November 2020, Village Project Manager, Claude Lois admitted to Racine Wastewater Commission that the Foxconn facility is currently on hold.
That leaves the Village of Mount Pleasant and Racine County - with a local development agreement that is just as broken as the state contract - having already invested nearly $500 million preparing for factory they knew wasn't happening.
On February 3, 2021, a local developer filed a lawsuit against Foxconn for breach of contract over the failed project. The lawsuit seeks damages on behalf of both Mount Pleasant and Racine County. The lawsuit says Foxconn "caused the municipalities and their citizens to lose the expected benefits of the promised development ... an amount measured in the billions of dollars," according to the complaint.
Read the Milwaukee Journal Sentinel:
Wisconsin Denies Tax Credits for 2019 Work, Says Company
Did Not Create Enough Jobs To Fulfill Agreement
By Rico Torres
Racine Wastewater Commission Meeting: November 2020
Foxconn Project Manager, Claude Lois admits the
Foxconn factory is currently on hold. In Early 2021, Lois was appointed by the Village to the Racine Water Commission. Lois does not live in Mount Pleasant, and there are currently no village citizens representing Mount Pleasant on the Water Commission.