The Wisconsin group that negotiated $3 billion in tax incentives for Foxconn Technology Group has problematic oversight practices, a state audit has found, raising fresh concerns about the costly incentives states use to attract economic growth. The Wisconsin Economic Development Corp., a quasi-public entity, awarded state tax credits to companies that ultimately didn’t create the number of jobs they had promised, the independent Wisconsin Legislative Audit Bureau found in a report released last month. It also paid companies...

Source: Wall Street Journal June 11, 2019 11:00 UTC