COLUMBUS, Ohio (WDTN) – The Ohio Department of Development discussed state incentives Friday regarding a major Intel project coming to Ohio.
Ohio Governor Mike DeWine and Lt. Governor John Husted announced on Friday, January 21 that Intel chose a location in Licking County to build two state-of-the-art factories by 2025, both designed to process materials on an atomic level. The project is expected to bring over 20,000 jobs to Ohio in a variety of positions and fields.
Ohio Department of Development Director Lydia Mihalik hosted a briefing at 1 p.m. on the project. She specified that of the 20,000 jobs, 3,000 direct jobs will be added with an average annual salary of $130,000 plus benefits, 7,000 will be added over the course of the build, and tens of thousands of other indirect and support jobs will be added – including for contracted positions, electricians, restaurant, engineering, housing and entertainment.
Mihalik said, “These aren’t just jobs, they’re opportunities for Ohioans. They’re great opportunities that currently don’t exist today.”
Ohio is offering $1.3 billion in direct cash incentives to Intel. Included in the amount is $600 million for a onshoring incentive grant that will offset costs for Intel, according to Mihalik, and $691 million for infrastructure investments.
The breakdown for what the $691 million will go towards is as follows:
- $101.2 million for water/wastewater capacity upgrades
- $290 mill in roadwork
- $300 million for a “state of the art” water reclamation facility
Mihalik said the incentives will benefit Ohio because of what the state will receive from Intel in return. She said that for every six cents the state invests in these direct cash incentives, Intel invests at least $1. The director added that the investments made by the state will help in the future.
“These investments will not only ensure that this project is successful here, but will also be supporting the region by increasing local infrastructure to support future growth.”
Mihalik said the state incentives will help do the following:
- Bolster America’s national security
- Creates the infrastructure for semiconductor manufacturing that other companies can leverage
- Establishes Ohio as the world center for modern manufacturing
- Makes an additional $2.8 billion annual contribution to Ohio gross state product
The director emphasized that the project will be a process to the the scale of it, and the department plans to be transparent as it unfolds. “As with any deal, the priority is to ensure that things are done right. This administration is committed to an open and transparent process.”