Oregon loses bid for $3B Intel plant to Arizona
In a blow to Oregon, the state's largest employer Intel Corp. said Monday it will spend $3 billion to build a factory in Arizona and another $105 million to convert an inactive Arizona plant into a temporary test facility.
There was no immediate comment Monday from Oregon leaders on Intel's decision to build in Arizona. Intel currently employs 9,000 people in Arizona.
The Arizona Legislature this year enacted a tax relief measure that was intended to entice the new Intel plant and other major business investments in new or existing plants.
State Rep. Steve Huffman, a Tucson Republican who championed the tax measure in the Arizona Legislature, said the change was "absolutely critical" to Intel's selection of the Arizona site though not the only factor.
"When you make intelligent decisions to encourage business investment, it pays off every time," he said.
This is the polar opposite of Oregon where we make the "intelligent" decision to regulate, tax, regulate, attempt to forcibliy incorporate into city property, regulate, tax, then impose draconian land use rules, then have legislators insist that the bussiness isn't doing "their fair share."
Congrats to intel for having the plant in America though. And they are a great Oregon employer. All my computers have intel chips and will continue to in the future.