Hundreds of millions more in incentives offered to Intel
Ohio was already poised to offer Intel $1.9 billion to build a $20 billion semiconductor plant in Central Ohio. But a public policy group is calling out what it says are previously undisclosed tax breaks that would be worth hundreds of millions more — at least. A slice of those tax breaks would cost funding […]
Gov. DeWine is invested in Intel. But he won’t say how much
As Ohio negotiates almost a $2 billion incentive package with electronic chip maker Intel, Gov. Mike DeWine owns stock in the company, according to ethics disclosures that were due on Monday. However, the governor declined to say much about the investment beyond the very general information that is required under Ohio ethics law. Intel in […]
JobsOhio says it’s not a public entity, but is that true?
Ohio’s economic developer, JobsOhio, is quick to say it’s a private, non-profit corporation and it’s quick to add that its hundreds of millions of dollars are private as well. “JobsOhio is a private nonprofit corporation wholly funded by an independent private source — the profits from the JobsOhio Beverage System (JOBS) liquor enterprise — that […]
The Intel project is great news. But what happens if it goes bad?
When it announced in January that it would build two massive new plants in Licking County, semiconductor manufacturer Intel called it the “largest single private-sector investment in Ohio history.” But what is perhaps obscured by that statement is that Ohio is also investing heavily in Intel. A policy-research group recently issued a report advocating ways […]