Subsidy 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
Subsidy Value: 
$2,000,000,000
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: 
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