Intel Investing $3.5 Billion in New Mexico, 10-Digit US Government Subsidies Still Haven’t Landed Yet
Intel said it's in the process of hiring an additional 700 staff as the facility expands. The company employees 1,800 personnel on-site. Intel is expected to hire 1,000 construction workers starting this year and spend $550 million on construction and new infrastructure, according to a statement from New Mexico’s government.
All this comes on the heels of Intel’s renewed push back into manufacturing with its
IDM 2.0 foundry plan. Intel has committed to investing $20 billion in Arizona for two new fabs as increasing domestic capacity for semiconductor manufacturing becomes a hot topic in the US.
Intel is Getting Cash From New Mexico
As part of Intel’s announcement, New Mexico’s state government announced that a portion of taxes Intel pays on its construction spending can be rebated back to the company. This is expected to be valued at up to $14 million, split between the state and the local governments of Rio Rancho and the surrounding County.
https://wccftech.com/intel-investing-3-5-billion-in-new-mexico-10-digit-us-government-subsidies-still-havent-landed-yet/ ----------------------------------------------------------------
subsidize business??? what a crock
people pay more taxes yet biz get tax havens and breaks
why not change things by taxing inports - making anything that is made cheaply - with no green tax or Labor taxes -
ie- level the playing field - put taxes on things that don't have carbon taxes or polution tax on it and put taxes for unfair employment advantages - like no labor laws..like no min wage, slave labor , no health care, no unions
you can't compete fairly if companies use countries that use slave labor, or poor wages, or living conditions and can treat tose people and those govs unfairly - greasing only the political leaders pockets and the people get shafted
basically the few get rich while everyone else get shafted - this is capitalism at its worst - GREED
fair trade exists only when there is a fair playing field
post edited by Xavier Zepherious - 2021/05/03 12:14:34