The WEDC has sent a letter to Foxconn saying they are denying the company tax credits for work done in 2019. Let’s say it again: Anthony Davis is not leaving LeBron James and the Lakers in free agency. Cables, Hubs & Adapters
Three years after landmark legislation was passed promising Foxconn Technology Group billions in tax credits and President Donald Trump presided over a groundbreaking ceremony in Mount Pleasant, the company will not be receiving any state tax credits for work done in 2019.
According to the Wisconsin Economic Development Corp., Foxconn has hired only 281 people eligible for tax credits and has made only $300 million in capital expenditures, not fulfilling the goals set out in the contract signed by Foxconn and the state.
Foxconn said it was surprised by the decision, and the company’s role in Wisconsin continues to be hotly debated amid a hyper-partisan political environment with deep divisions among taxpayers who are paying the bill for the billions in tax credits that were part of the origi deal.
In 2017, the state Legislature passed a bill that could provide Foxconn up to $2.85 billion in tax credits over time if the company meets certain investment and hiring goals.
At the time, Foxconn planned to create a Generation 10.5 LCD advanced manufacturing facility to make large screens for electronic devices, with the promise of creating 13,000 jobs in the state.
The company is now planning on building a Gen 6 facility, which makes much smaller screens for TVs, tablets and smartphones.
Even if the facility plans hadn’t changed, WEDC Secretary and CEO Missy Hughes said the company still would not have gotten tax credits because it needed to have hired at least 520 employees.
“Of the jobs that Foxconn submitted, 281 (full-time employees) met the terms of the contract if they were building a Gen 10.5,” Hughes said.
This is not the first time Foxconn has not met its hiring goals in Wisconsin. In 2019 it hired 178 full-time workers, 82 short of the minimum required for subsidies at that time.
In April, Foxconn stated publicly that it had hired enough workers to be eligible for tax credits.
Foxconn and WEDC has been negotiating a change in the agreement for months but discussions have not resulted in a new contract
“There’s not a clear articulation of what Foxconn’s project is and how many jobs they will be employing and how much capital expenditures they will be investing in,” Hughes said. “And without that information, it’s hard for WEDC to use our tools to be able to support (Foxconn).”
In a joint statement, Racine County Executive Jonathan Delagrave, Mount Pleasant Village President Dave DeGroot and Racine County Economic Development Corp. Executive Director Jenny Trick said there has been significant construction and Foxconn has invested more than “$500 million in our community.”
The group is “disappointed” in the state’s decision, saying Foxconn “continues to fulfill its financial obligations under the local contract and is already the largest taxpayer in the village of Mount Pleasant. At the end of 2019, they made $8.4 million in tax payments at the end of 2019 and we expect those payments to be even greater in 2020.”
In a statement, the company said it is surprised by this development and it “threatens good faith negotiations.”
“To date, Foxconn has not received any tax credits from the state of Wisconsin despite achieving employment levels above 520 people and investing $750 million dollars in Wisconsin that includes over a half a billion dollars invested in Foxconn’s manufacturing park,” the statement reads. “Foxconn came to the table with WEDC officials in good faith to discuss new terms of agreement which have consequential impacts to Racine County and the village of Mount Pleasant, third party partners in this development project. WEDC’s determination of ineligibility during ongoing discussion is a disappointment and a surprise that threatens good faith negotiations.”
Wisconsin Secretary of Administration Joel Brennan said the current project is not what was outlined when elected officials voted to provide tax credits to the company and it was not the project the WEDC evaluated in 2017.
“Foxconn needs to outline what they’re doing,” Brennan said. “And then we need to align what that is with the available resources that the state has to provide any support.”
Brennan said conversations between the state and Foxconn are continuing and he has faith the two sides can come to an agreement.
“There have been challenges to (Foxconn) from a business standpoint that’s ever-evolving, and the marketplace is changing, and the last seven months have certainly have had a material impact on the economy in southeastern Wisconsin … so all of those things have been part of the conversation,” he said.
So far, Foxconn has moved into 300,000 square feet of the 1-million-square-foot Gen 6 building.
“There is no manufacturing to speak of going on at that facility right now,” Brennan said. “I don’t know that there is a lot of certainty about what is going on there.”
Brennan said the state has held up its side of the agreement and is counting on Foxconn to do the same.
“The state has made a significant investment in the project already,” Brennan said. “The state has honored its commitment by spending about $250 million on infrastructure, roads, all in preparation for the Generation 10.5 facility, which was Foxconn’s obligation to honor. So, the state and taxpayers have met their obligation.”
One major issue with the contract involves the Foxconn Industrial Internet (Fii) which is not included in the agreement but has been producing servers and employing workers.
There are at least two Fii buildings being built in Mount Pleasant, including the giant dome that can be seen from the interstate.
Brennan recognized the work being done by Fii but said it was not included in the 2017 agreement.
“The work that is going on with servers, the other work that they’re doing through Fii, I think there’s a lot of excitement, lots of opportunity there, but it’s materially different from where we started three years ago,” Brennan said.
It’s a “concern” that’s been raised with Foxconn, Hughes said.
“As we continue conversations with Foxconn, we want to be sure that any entities that are investing in the campus are part of a future of some kind of agreement, if we’re able to develop one with Foxconn,” Hughes said.
Both Hughes and Brennan emphasized their belief that an agreement can be made that satisfies both sides.
“I think they’re an incredible company and they can be an integral part of Wisconsin’s economic future, and I think they will be, and I’d like to find ways for the state to be able to support that in a really meaningful way,” Hughes said. “And also in a way that protects the Wisconsin taxpayers.”
State Sen. Van Wanggaard, R-Racine, said Foxconn invested hundreds of millions of dollars and hired hundreds of workers without receiving any tax subsidies, “yet, Foxconn continues to develop a world-class facility in Mt. Pleasant, and is quickly becoming a valued partner in southeastern Wisconsin’s economic rejuvenation.”
Wanggaard places the blame on Gov. Tony Evers.
“Gov. Evers is treating Foxconn like he does the Legislature, and anyone else in his way,” Wanggaard said in a statement. “Once again, Evers is acting unilaterally, instead of working together to come to a solution. He has been hurting Wisconsin businesses throughout the pandemic, and is now targeting Foxconn. And the only people that are harmed are Wisconsinites and Wisconsin’s next great employer.”
Wisconsin Assembly Minority Leader Gordon Hintz, a Democrat from Oshkosh, said the announcement from the WEDC “cements Foxconn’s legacy in Wisconsin as one of broken promises, a lack of transparency, and a complete failure to create the jobs and infrastructure the company touted in 2017.”
Hintz added Republican officials “should be held accountable for the fact that over $1 billion of public money has already been spent to date on a project not compliant with the signed contract.”
The Foxconn Technology Group will not be receiving any tax credits from the state for work done in 2019, according to a letter sent to the company by the Wisconsin Economic Development Corp.
LeBron James told Anthony Davis ‘we’ve got more work to do’ in locker room while celebrating title
The confetti had barely settled on the floor of the ESPN Wide World of Sports Complex gym in Orlando, Florida on Sunday night when Anthony Davis was already getting questions about what he’d do in free agency. Davis answered that he didn’t know, but what LeBron James said to him as the Lakers celebrated winning the 2019-20 NBA championship made it clear that Davis’ co-star has some ideas.
As the Lakers sprayed each other with champagne, James had a message for Davis. According to Chris Haynes of Yahoo Sports, it was a simple one:
“We’ve got more work to do,” sources said James told Davis during their celebration in the locker room.
Haynes is as plugged in with James, Davis and the Klutch Sports camp as they come, so there is little reason to doubt that this is not only exactly what James said to Davis, but also something that he and Davis wanted fans to hear. There may be some nebulousness over exactly what type of deal Davis will re-sign under, or if he’ll opt into the final year of his deal, but between this, and him saying publicly that he wants to follow James to nine more NBA Finals, there is little reason to doubt he’ll be a Laker for a while.
And the type of work James and Davis have to do isn’t just winning titles. As James constantly says, it’s always about the process. According to Haynes, James has helped Davis develop a better one this season:
James introduced Davis to his nutrition plan and recommended he receive preventative maintenance treatment on a regular basis, sources said.
And to eliminate excessive wear and tear, Davis purposely sought to reduce the number of times he fell to the floor when attacking the basket, sources said.
Both things allowed Davis to only miss nine of the Lakers’ 71 games this season, which would have been near the best rate in his career. He also played by far the most games he’s ever played in a season due to how far the Lakers went in the playoffs, and he was able to suit up for every game the Lakers played in the postseason despite being listed on the injury report for all of them.
And from crediting James for helping him make adjustments on the court, to saying James helps him stay level-headed, to even joking that James has given him recommendations on how to sleep more efficiently using the Calm app James endorses, Davis has made it clear publicly that he’s learned a lot from James this year, both on and off the court. That’s probably a big part of why we’ve heard all year long that the league is all-but-certain Davis is staying with the Lakers.
So while nothing is done until it’s done, this is just the latest sign that the Lakers’ Step Brothers aren’t splitting up any time soon. L.A. is their treehouse, they’ve got their Wookie masks, and the league is going to be their playground for the foreseeable future.
For more Lakers talk, subscribe to the Silver Screen and Roll podcast feed on iTunes, Spotify, Stitcher or Google Podcasts. You can follow Harrison on Twitter at @hmfaigen.
Author: Harrison Faigen
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Amedeo Modigliani – Wikipedia
Amedeo Clemente Modigliani
Livorno, Tuscany, Italy
Portrait of Pablo Picasso, 1915, private collection
(hold sacred all) which can exalt and excite your intelligence… (and) … seek to provoke … and to perpetuate … these fertile stimuli, because they can push the intelligence to its maximum creative power.
Dear friend, I write to pour myself out to you and to affirm myself to myself. I am the prey of great powers that surge forth and then disintegrate … A bourgeois told me today–insulted me–that I or at least my brain was lazy. It did me good. I should like such a warning every morning upon awakening: but they cannot understand us nor can they understand life…
Nu Couché au coussin Bleu, one of the finest examples of reclining nudes by Modigliani, 1916
Female Head, 1911/1912, Tate
Modigliani in 1919, near the end of his life
I recall my thrilled first exposure, as a teenager, to one of his long-necked women, with their piquantly tipped heads and mask-like faces. The rakish stylization and the succulent color were easy to enjoy, and the payoff was sanguinely erotic in a way that endorsed my personal wishes to be bold and tender and noble, overcoming the wimp that I was. In that moment, I used up Modigliani’s value for my life. But in museums ever since I have been happy to salute his pictures with residually grateful, quick looks.
- See List of paintings by Modigliani
Author: Authority control