At hand is the $20 billion semiconductor manufacturing operation near the state’s capital, announced by Intel earlier this year. When the two factories, known as fabs, open in 2025, the facility will employ 3,000 people with an average salary of around $135,000.
Before that happens, the 1,000-acre site must be leveled and the semiconductor factories built.
“This project reverberated nationwide,” said Michael Engbert, an Ohio-based official with the Laborers’ International Union of North America.
“We don’t field calls every day from members hundreds or thousands of miles away asking about transferring into Columbus, Ohio,” he said. “It’s because they know Intel is coming.”
To win the project, Ohio offered Intel roughly $2 billion in incentives, including a 30-year tax break. Intel has outlined $150 million in educational funding aimed at growing the semiconductor industry regionally and nationally.
Construction is expected to accelerate following Congress’ approval last month of a package boosting the semiconductor industry and scientific research in a bid to create more high-tech jobs in the United States and help it better compete with international rivals. It includes more than $52 billion in grants and other incentives for the semiconductor industry as well as a 25% tax credit for those companies that invest in chip plants in the U.S.
For the central Ohio project, all 7,000 workers aren’t required right away. They’re also only a portion of what will be needed as the Intel project transforms hundreds of largely rural acres about 30 minutes east of Columbus.
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