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Foxconn Could Earn $500 Million in Tax Credits by 2022



Foxconn Technology Group could continue to fall short of job targets included in its contract with the state and still earn more than $500 million in capital expenditure tax credits by the end of 2022 if it continues its current hiring pace.

To reach that figure, the company would have to create 3,560 jobs and invest $3.5 billion on capital expenditures in Mount Pleasant, according to a BizTimes analysis of the Foxconn contract…

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