Subsidy Tracker Individual Entry

Company: 
Intel
Parent Company: 
Intel
Subsidy Source: 
state
Location: 
Oregon
City: 
Hillsboro
County: 
Washington
Project Description: 

semiconductor manufacturing facility

Year: 
2014
Major Industry of Parent: 
electrical and electronic equipment
Specific Industry of Parent: 
semiconductors
Subsidy Value: 
$2,000,000,000
Program Name: 
Strategic Investment Program
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Capital Investment: 
$100,000,000,000
Source of Data: 

All figures on the subsidy package were taken from Mike Rogoway, "Intel's new tax deal is a whopper: $100 billion investment, 30 years," The Oregonian, August 11, 2014; available online at http://www.oregonlive.com/silicon-forest/index.ssf/2014/08/intels_new_ta.... The SIP agreement is available on the Washington County website at: http://www.co.washington.or.us/upload/2014-SIP-Agreement.pdf

Notes: 

The value of the subsidy package - $2 billion over 30 years - was estimated by The Oregonian. The subsidy will come as SIP property tax exemptions on Intel's? tools and equipment. The subsidy is investment-based and, according to the Oregonian, "the deal won't create many [direct] jobs." 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.