Company: Micron Technology Parent Company: Micron Technology Subsidy Source: multiple Location: New York City: Clay County: Onondaga Project Description: four computer chip manufacturing plants Year: 2022 Major Industry of Parent: electrical and electronic equipment Specific Industry of Parent: semiconductors Subsidy Value: $6,359,000,000 Program Name: multiple Awarding Agency: multiple Type of Subsidy:
Number of Jobs or Training Slots: 9,000 Wage Data: $100,000 Wage Data Type: average annual salary Capital Investment: $100,000,000,000 Source of Data: Subsidy details and breakdown are based on: Mark Weiner, "See the incentives that helped lure Micron to Central New York," The Post-Standard. October 11, 2022 (via LexisNexis). Also: (click here). Rick Moriarty, "Micron would get $284M property tax break under proposed deal with Onondaga County, records show," Syracuse.com, (click here). An October 4, 2022 press release from Gov. Hochul's office: "Hochul, Schumer, McMahon Announce: Micron is Coming to Onondaga County! Micron Will Invest an Unprecedented $100 Billion Over the Next 20-Plus Years to Transform Central New York Into a Global, Leading-Edge Semiconductor Manufacturing Hub," (click here) Notes: The project includes four computer chip manufacturing plants located in the White Pine Commerce Park in the city of Clay. The subsidy package reflects the maximum amounts that company is eligible for if all jobs and investment targets are met over 20 years. State subsidies: Up to $5.5 billion in the Green Chips program, which is a 20-year job tax credit; $200 million in state funds to improve roads and infrastructure around the site; $100 million in state funds as a contribution to a community fund that will invest in Central New York. Local subsidies: at least $275 million from Onondaga County for site preparation, sewer infrastructure, workforce training and attraction. Onondaga County Industrial Development Agency will also approve a 49-year PILOT (tax abatement) agreement with the company, which according to the most recent proposal available, would be worth $284 million. The company is also eligible for up to $3 billion from the federal government via the Chips and Science Act program not included in the total. The project's construction jobs are supposed to pay the federal prevailing wage. The company promised to power the facilities with 100 percent renewable energy. Overlaps with the main data: none. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.