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Subsidy Tracker Individual Entry

Company: Micron Technology Inc.
Parent Company: Micron Technology
Subsidy Source: multiple
Location: Virginia
City: Manassas
Project Description: expansion of a semiconductor manufacturing facility and research park
Year: 2018
Major Industry of Parent: electrical and electronic equipment
Specific Industry of Parent: semiconductors
Subsidy Value: $70,000,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
Number of Jobs or Training Slots: 1,100
Capital Investment: $3,000,000,000
Source of Data: The state incentives, company investment and the jobs number come from Matthew Barakat, "Memory chip maker Micron announces $3B expansion in Manassas," Associated Press State & Local, August 29, 2018. Micron incentive letter is available on the Manassas City Council's minutes and agenda webpage. See Nov. 19, 2018 agenda of city council meeting: (click here)
Notes: The incentive package includes a $70 million state performance grant paid over 15 years for the site and facilities preparation. The City of Manassas will use a special tax classification for semiconductor equipment, which according to an incentive offer letter from the city "saves Micron nearly $10,000,000 annually." Because we do not know the value of future local subsidies, we are not including the city's estimate in the total subsidy cost. See a related entry for Micron that uses the city's $10,000,000/year estimate to calculate the total of local subsidies over 15 years of the company's operation in the city. Overlaps with main Subsidy Tracker data: A 2019 custom grant from the state of Virginia for $70 million.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.