NC offered Foxconn $570M, but firm took a much higher deal

AP News
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Posted: Sep 25, 2017 3:01 PM

RALEIGH, N.C. (AP) — North Carolina promised tax breaks, worker training 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 promise of five times more in incentives.

The North Carolina Commerce Department documents released Monday to The Associated Press describe six months of recruiting the Foxconn Technology Group flat-screen factory.

The company announced in late July it settled on Wisconsin for a $10 billion factory that could employ 13,000 people. Wisconsin politicians last week completed a $3 billion incentive package for the Taiwan-based manufacturer.

A North Carolina project memo stated Pennsylvania, Ohio and Michigan were also in the running for the Foxconn plant as of mid-June.