Subsidy Tracker Individual Entry

Company: 
Hynix Semiconductor (previously Hyundai)
Parent Company: 
SK Holdings
Subsidy Source: 
multiple
Location: 
Oregon
City: 
Eugene
County: 
Lane
Project Description: 

computer chip plant

Year: 
1995
Major Industry of Parent: 
electrical and electronic equipment
Specific Industry of Parent: 
semiconductors
Subsidy Value: 
$121,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
3,000
Source of Data: 

The value and the breakdown of the subsidy value are taken from: Alan Pittman, "Bad bet," Eugene Weekly, July 31, 2008.

Notes: 

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.

Source Notes: 
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