Governor Kathy Hochul announced yesterday in Syracuse that Micron Technology Inc. will invest up to $100 billion over the next 20 years on their plan to construct an enormous complex of semiconductor facilities outside the city. Expected to be the country’s largest clean room space at 2.4 million square feet, it would roughly equal the size of about 40 football fields.
Greed was the largest stimulus package in state history – a potential $6 billion in subsidies.
Senate Majority Leader Chuck Schumer said in the announcement with Hochul that the reward could be as many as 9,000 high-paying Micron jobs and more than 40,000 community jobs over the next 20 years, which he equated to “our Erie Canal moment.”
Micron is benefiting from the federal Chips and Science Act passed by Congress in August that allows the U.S. Provides tax credits for companies. The company also recently announced new developments in Boise and Japan.
And New York, which has struggled through decades of crises and scandal – to be a major semiconductor producer to offset the decline in manufacturing jobs, gets to celebrate. (Remember this Hochul op-ed last year? Remember this Cuomo-Obama lovefest in 2012?)
But folks, Crisp has double service this week for grooving voters to Democrats. The White House announced that President Joe Biden will visit Poughkeepsie tomorrow to tour IBM’s campus along Route 9, “to deliver commentary on creating jobs in the Hudson Valley, reducing costs, and securing the future in America.”
The company said it is highly respected and that “the technology that IBM provides today from Poughkeepsie will directly benefit from the recently passed CHIPS Act. This measure is a significant new breakthrough for the site’s role as the nation’s leading quantum computation center.” It will also help to move forward.”
Biden’s visit is part of a loop that will include a Democratic National Committee event in New Jersey and a reception for the Democratic Senate Campaign Committee in New York City.