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MegadealsSubsidy Tracker Individual Entry
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
Subsidy Value in 2023 Dollars: $3,244,043,321
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL
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.