Posted inDevelopmentLocal news

Amended State, Foxconn Contract: Smaller, More Flexible

MADISON – Contract amendments approved Tuesday by the Wisconsin Economic Development Corp. (WEDC) Board of Directors and Foxconn Technology Group significantly reduces the scope and anticipated employment levels for a manufacturing facility in Mount Pleasant. Foxconn, a Taiwanese contract manufacturer, will now be eligible to receive up to $80 million total in performance-based tax credits […]

Posted inDevelopmentLocal news

The future of Foxconn and the WEDC hangs in the balance

Governor-elect Tony Evers plan for the Foxconn project and the Wisconsin Economic Development Corporation (WEDC) is dismaying to some. Evers said during his race that he would disband the WEDC. Governor Scott Walker has spent much time and resources to develop the project, and the WEDC was particularly influential in bringing Foxconn to Racine County. […]

Posted inBreakingDevelopmentLocal news

Foxconn Technology Group announces downtown Racine Innovation Center

Foxconn Technology Group, an electronics manufacturer that makes LCD screens, announced that it plans to open an innovation center in downtown Racine, according to a press release sent out at 1 p.m. Officials from Foxconn made the announcement Tuesday at 1 Main Street. The plan to open an innovation center, which will partner with the community on developing […]

Posted inGovernment

News roundup for July 31

Good morning Racine County! Here is a news roundup with 5 major headlines from national, state, and local news. Northern California Wildfire Named 9th Most Destructive In State’s History, Huffington Post Trump launches attack on ‘globalist’ Koch brothers after the GOP mega-donors turn on the party, The Insider. Walker Campaign Launches 4 Regional Foxconn Ads, […]

Posted inGovernment

Filing deadline for state child tax rebate 11:59 p.m. Monday

Press release Governor Scott Walker is encouraging eligible parents to apply for a $100 per-child tax rebate before midnight. The deadline for all eligible families to apply is 11:59 p.m. Monday. “We want every eligible Wisconsin family to apply for their $100 Per- Child Tax Rebate tonight before midnight,” Walker said. “More than half-a-million families have already applied, but we […]

Posted inConstructionDevelopmentLocal news

Historic USDOT grant supercharges Interstate 94 project

The state announced Wednesday that Wisconsin will receive $227.4 million in new federal funding for state roads and bridges in fiscal year 2018. Gov. Scott Walker labels this a “significant boost” that will be used to advance a number of transportation projects, including Interstate 94, across the entire state. The largest single segment of the […]

Posted inBreakingBusinessGovernment

Property owners living in wake of Foxconn told home could be condemned

Families living in the path of a proposed $10 billion Foxconn Technology Group facility have been approached by the Village of Mount Pleasant to acquire their property, and more than one family has found the process confusing and frustrating. Not only do they say they’re being see-sawed by government officials, but the Village may be […]

Posted inBusiness

State Makes Millions Available For Small Business

With Foxconn Technology Group potentially bringing jobs to the area, the state hopes to help small businesses expand by making two state lending programs to help with expansion plans. Read about the Foxconn project. The state is making $11.1 million available to small businesses through the Wisconsin Housing and Economic Development Authority (WHEDA). Businesses in […]