Company: Intel Parent Company: Intel Subsidy Source: local Location: New Mexico City: Rio Rancho County: Sandoval Project Description: computer chip plant Year: 2004 Major Industry of Parent: electrical and electronic equipment Specific Industry of Parent: semiconductors Subsidy Value: $2,000,000,000 Program Name: multiple Awarding Agency: multiple Type of Subsidy:
Source of Data: Both Intel and local officials did not cite amounts in connection with the subsidy. Intel's tax savings was reported to be estimated at $2 billion in: Jeff Radford, "$16 Billion IRB Approved Despite Loss For Sandoval," Corrales Comment, September 24, 2004. Notes: As with Intel's 1993 deal in New Mexico, the subsidy was expected to take the form of PILOT tax abatements associated with a $16 billion industrial revenue bond issued by Sandoval County. Overlaps with main Subsidy Tracker data: none. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.