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Subsidy Tracker Individual Entry

Company: Micron Technology
Parent Company: Micron Technology
Subsidy Source: multiple
Location: Utah
City: Lehi
Project Description: computer chip plant
Year: 1995
Major Industry of Parent: electrical and electronic equipment
Specific Industry of Parent: semiconductors
Subsidy Value: $125,000,000
Subsidy Value in 2023 Dollars: $249,611,111
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
MEGADEAL

Number of Jobs or Training Slots: 3,500
Capital Investment: $1,300,000,000
Source of Data: The subsidy value came from: Jon Ure, "Lehi Oks Micron Tax Break," Salt Lake Tribune, October 11, 1995. The jobs and investment projections came from: Steven Overbeck, "Micron Plant Will Put Lehi in Chips," Salt Lake Tribune, March 14, 1995.
Notes: The original subsidy package announced in March 1995 was worth $86 million. Micron later asked for more, and the amount was increased to $125 million. The subsidy included $50 million in sales tax exemptions on equipment purchases, with most of the rest consisting of infrastructure assistance. The plan was for Micron to lend the money to the city, which would then repay Micron using the company's own property tax payments. Although the plant was built, Micron delayed production in Lehi until 2007, by which time the plant was being operated by IM Flash Technologies, a joint venture of Micron and Intel. 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.