Despite reaching benchmark, Foxconn remains a mystery

Finally, some progress from Foxconn. Three years after breaking ground at its facility in Mount Pleasant, Wisconsin, the Taiwanese company has created enough jobs to qualify for state tax credits. Foxconn reported to the state it created 579 jobs and made a capital investment of $266 million at its facility last year. As a result, Foxconn will receive $2.2 million in job credits and $26.6 million in capital investment credits. That is certainly good news. For the past two years of its contract with the state, Foxconn failed to produce enough jobs to qualify for tax credits. And it appears Foxconn is doing a better job following state recommendations. But still, there are plenty of questions about Foxconn and its future. We still don’t know what is being made there, if anything. The company has floated a wide variety of plans, from large computer screens to coffee kiosks to electric cars. None of those plans have come to fruition. Even the state board overseeing the Foxconn deal doesn’t know what the company is producing, or what its plans are for the future. Foxconn has finally reached one hiring benchmark, but it remains unclear what the future holds for the company, or Wisconsin taxpayers.