Connect with us

Ohio

Intel construction report identifies completion delay, spending for New Albany plant

Published

on

Intel construction report identifies completion delay, spending for New Albany plant


Intel has spent $1.5 billion and hired 69 workers so far on what is the state’s biggest economic development project, a fraction of its $20 billion promise to build two factories in Licking County that will create 3,000 high-paying jobs.

Intel sad it remains fully committed to the entire investment of dollars and jobs in the area.

The semiconductor company also now says it anticipates construction of both plants to be finished in 2026-27 and to become operational in 2027-2028, according to a state report released Friday afternoon detailing Intel’s progress through 2023 on the project that was announced two years ago.

Advertisement

Initially, Intel said the plants would begin producing semiconductors by 2025.

The annual report is required of Intel as a condition of a $600 million grant designed to drive production of the tiny devices that power everything from computers to cars to military equipment back to the U.S. Intel received the money last September.

All together, Intel is receiving more than $2 billion in incentives from the state and New Albany.

“We are making great progress growing the Silicon Heartland,” Jim Evers, an Intel vice president in charge of the Ohio site, told the state in the report. “In addition to the approximately $1.5 billion investment in completed spends through 12/31/23 referenced in the report, Intel has an additional $3 billion in contractually committed spends underway, totaling $4.5 billion committed toward our Ohio One projects.

“This investment is growing every day as we work to establish a new manufacturing campus to build leading-edgesemiconductor chips right here in Ohio.”

Advertisement

“Transparency is always important, and we believe the public should be kept well-informed on the statewide impact of this transformative project,” Gov. Mike DeWine said in a statement.

Biden to announce federal grants to Intel next week, report says

Separately, President Biden is traveling to Arizona next week where he is expected to announce how many billions of dollars in federal aid from the CHIPS Act Intel will receive, Reuters reported Friday.

The $52.7 billion bill passed in 2022 includes $39 billion in grants along with loans, loan guarantees and tax credits as part of the push by the Biden administration to restore production of semiconductors to the U.S.

The Biden campaign has confirmed the visit to Arizona on Tuesday and Wednesday as part of an effort to mobilize voters in battleground states, The Arizona Republic reported Friday.

Advertisement

Along with Intel’s project in Ohio, Intel has been expanding its operations elsewhere in the U.S. as part of the reshoring effort, including Intel’s expansion in Chandler, a Phoenix suburb, where Intel is investing $20 billion to build two additional factories.

It has applied for money for all its expansion projects in the U.S.

Intel workers live in 14 Ohio counties

As of Dec. 31, Intel has hired 70 workers with 69 living in 14 Ohio counties and one out of state.

In addition to direct Intel employees, construction workers have come from 75 of Ohio’s 88 counties so far.

The state anticipates that the project will ultimately create 20,000 jobs across the state and add $2.8 billion to the state’s economy.

Advertisement

Intel also said its supplier network in Ohio has grown from around 150 when Intel announced the project more than 350 today.

Power company AEP Ohio is the top supplier, according to the report. Bechtel, the construction manager at the project is No. 2.

mawilliams@dispatch.com

@BizMarkWilliams



Source link

Advertisement

Ohio

Ohio’s first Buc-ee’s to open Monday

Published

on

Ohio’s first Buc-ee’s to open Monday


Related video: Electric atmosphere fills Mississippi’s first Buc-ee’s on opening day

HUBER HEIGHTS, Ohio (WTVG) – Buc-ee’s will open its first Ohio location Monday.

The 24/7 travel center chain will open to the public in Huber Heights, just outside of Dayton.

Buc-ee’s is based in Texas and has been expanding across the South and now in the Midwest. The chain is known for its large number of gas pumps and clean bathrooms, and its food options like Beaver Nuggets and brisket.

Advertisement

Ohio Gov. Mike DeWine plans to attend the grand opening Monday.

Plans are in the works to build the second Ohio location in Mansfield.

Related story: Buc-ee’s sues Milan, Ohio company over trademark infringement

Buc-ee’s is suing an Ohio-based convenience chain, alleging its moose mascot looks too much like Buc-ee’s famous beaver. (Source: WTVG)

Latest Local News | First Alert Weather | Crime | National | 13abc Originals

Advertisement



Source link

Continue Reading

Ohio

April 9 concert pairs Marionaires with Ohio State Marion singers

Published

on

April 9 concert pairs Marionaires with Ohio State Marion singers


play

The Marionaires and Ohio State Marion’s University Chorus will perform in a joint concert at Morrill Hall Auditorium on April 9. The event is part of the Five Nights on Campus performing arts series, according to a community announcement.

The Marionaires, a barbershop chorus, will showcase their harmonies and timeless sound.

The University Chorus at Ohio State Marion is composed of students from various academic disciplines. Under the direction of Sabina Anderson, the ensemble will perform selections from the Broadway musical “Les Misérables.”

Ticket prices and event details

Ticket prices for the concert are $10 for general admission, $9 for seniors 60 and older and $4 for students in kindergarten through grade 12 and college students. Faculty and staff at Ohio State Marion and Marion Technical College can purchase discounted tickets for $8. Season ticket packages and patron memberships are available, offering discounted rates and exclusive benefits.

Advertisement

Tickets can be purchased at the door or by contacting Jodi Somerlot at 740-725-6156 or somerlot.30@osu.edu.

The concert is sponsored by Marion Technical College, Stifel, UniPrint, Wm. Kay Davis Foundation and iHeart Media. Event partners include the Ohio State University Alumni Club of Marion County and Buckeye Backers.

Doors will open at 7 p.m., with seating available on a first-come, first-served basis. For more information or to register for tickets, visit go.osu.edu/fivenights.

Advertisement

This story was created with the assistance of Artificial Intelligence (AI). Journalists were involved in every step of the information gathering, review, editing and publishing process. Learn more at cm.usatoday.com/ethical-conduct/.



Source link

Continue Reading

Ohio

Former Ohio Mr. Basketball reportedly enters transfer portal

Published

on

Former Ohio Mr. Basketball reportedly enters transfer portal


Looks like another Ohio State basketball player will be entering the transfer portal.

Colin White, a sophomore forward from Ottawa, Ohio, told 24/7 Sports that he is entering the transfer portal after two seasons with the Ohio State men’s basketball program. White played in 29 games for Ohio State, averaging 0.9 points-per game. Colin appeared in 48 games overall for the Buckeyes and will have two years of eligibility remaining for his college career.

Advertisement

A former Ohio Mr. Basketball and top-125 recruit, White arrived in Columbus with significant expectations after a standout career at Ottawa-Glandorf, where he helped lead the Titans to consecutive state championship game appearances. His local ties and two-way skill set made him an intriguing developmental piece for the Buckeyes, especially on defense and as a versatile wing.

Advertisement

Colin is the second player so far this offseason to hit the transfer portal, Devin Royal being the first. Their teammate John Mobley has declared that he will go to the NBA draft but is keeping the door open to returning back to Columbus next season.



Source link

Continue Reading

Trending