Foxconn invests additional $569 million to expand operations in Racine County

CBS 58

RACINE COUNTY, Wis. (CBS 58) -- Foxconn is getting more tax incentives from the state of Wisconsin. 

The Wisconsin Economic Development Corporation (WEDC) announced an approved addition to their contract Tuesday, allowing up to $16 million in performance-based tax incentives. 

They say Foxconn is investing an additional $569 million to expand in Racine County, claiming it will create over 1,300 new jobs over the next four years. 

This is the second contract amendment between Foxconn and WEDC. 

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