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No tax for 30 years! Ohio government pays for Intel's chip factory

2022-06-27 10:32:45Mr.Ming
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No tax for 30 years! Ohio government pays for Intel's chip factory

Recently, there has been no progress in the "chip bill" of the US Congress, and the US$52 billion subsidy has not been available for a long time. Chip manufacturers such as Intel have delayed the construction of chip factories, but the Ohio government has provided them for 30 years. Tax-free large subsidy policy.

 

The investment plan is expected to create more than 3,000 high-skilled, high-paying permanent jobs, as well as more than 3,000 construction jobs and approximately 15,000 local permanent jobs. This is the largest private investment in Ohio's history and is expected to generate $2.8 billion in annual GDP, as well as the aforementioned large number of jobs. Intel is building a local factory, and the local government has of course cooperated fully, even at all costs-a few days ago, the New Albany, Ohio City Council approved a subsidy plan for Intel with a 5-0 vote, that is, no taxes will be paid for the next 30 years. , which is undoubtedly a huge subsidy. However, Intel's fab construction is still a bit troublesome. The groundbreaking ceremony was originally expected to be held in July, but it has now been postponed because the US government's $52 billion chip subsidy bill has been delayed, and the subsidies are still very important for Intel. Important - tax-free subsidies for local governments must be obtained, and financial subsidies at the federal level cannot be less.

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