Intel, Ohio finalize details on $600 million grant for New Albany project

SourceThe Columbus Dispatch
Date Published06/23/2023
Author NameMark Williams

Additional Reshoring Information:

Company/Division name Intel
Parent companyIntel
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):3000
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Capital investment ($):20,000
City reshored to:New Albany
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductor chips
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies, IRA
Government Incentive dollar amount:$600mil state grant & $650mil tax break over 30yrs
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