Subsidy Tracker Individual Entry

Company: 
Micron Technology Inc.
Parent Company: 
Micron Technology
Subsidy Source: 
multiple
Location: 
Virginia
City: 
Manassas
Project Description: 

a semiconductor manufacturing facility

Year: 
2005
Major Industry of Parent: 
electrical and electronic equipment
Specific Industry of Parent: 
semiconductors
Subsidy Value: 
$177,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
megadeal
Source of Data: 

Micron's 2018 incentive letter is available on the Manassas City Council's minutes and agenda webpage. See item 2.1 in Nov. 19, 2018 agenda of the city council meeting;: http://manassascity.granicus.com/MediaPlayer.php?view_id=1&clip_id=398&m.... The state grant can be seen at Virginia's Economic Development Incentives portal at http://www.virginiaincentives.org/

Notes: 

A Nov. 2018 incentive offer letter from the city to the company states that a special local tax assessment on semiconductor equipment "saves Micron nearly $10,000,000 annually." We took this number and multiplied it by 15, the number of years the company has been operating in the city, as stated by the letter. In 2005, the state also provided the company with $27 million performance grant. Overlaps with main Subsidy Tracker data: a 2006 entry for Micron for Semiconductor Memory or Logic Wafer Manufacturing Performance Grant for $27 million.

Source Notes: 
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