Wisconsin Agrees to Fork Over $8 Million for Never-Built Abbott Laboratories Plant
Wisconsin agreed to fork over $8.1 million to the U.S. Housing & Urban Development Dept. to repay some of a $12.3 million grant aimed at luring Abbott (NYSE:ABT) to put its headquarters there – a headquarters that was never built.
The grant was used to set aside a 40-acre parcel in Pleasant Prairie, Wis., where Abbott planned to build. The plant was forecast to create some 2,400 new jobs over a decade, but it was never built and the land is still undeveloped.
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The grant was used to set aside a 40-acre parcel in Pleasant Prairie, Wis., where Abbott planned to build. The plant was forecast to create some 2,400 new jobs over a decade, but it was never built and the land is still undeveloped.
Help employers find you! Check out all the jobs and post your resume.