Subsidy Tracker Individual Entry
computer chip plant
The value and the breakdown of the subsidy value are taken from: Alan Pittman, "Bad bet," Eugene Weekly, July 31, 2008.
The value of the subsidy package was estimated by the Eugene Weekly in 2008. The original subsidy value for Hynix (previously Hyundai) was estimated at $31.3 million (see "Hyundai in Eugene betting billions; Oregon's Silicon Boom," The Sunday Oregonian, July 30, 1995). The 2008 estimate included: $66 million in Enterprise Zone property tax breaks; $35 million in savings on below-cost power from the Eugene Water & Electric Board; $9 million in tax credits for pollution control equipment; $6 million in savings on sewage charges from the Metropolitan Wastewater Management Commission; $2 million in road improvements from Lane County; $2 million in corporate tax credits; and $1 million in worker training. Hynix closed the Eugene facility in 2008. Overlaps with main Subsidy Tracker data: none.