Ohio
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.
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.”
“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.
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.
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
Ohio
Ohio State students hone academic, business skills through study abroad programs
Students across various majors at The Ohio State University recently gathered at the Fisher College of Business to discuss how study abroad opportunities have helped them hone skills that will benefit their studies and chosen career paths.
Fisher’s Office of Global Business and its Office of Advancement hosted the inaugural Global Experience Luncheon. The event was held at the Blackwell Inn on the Columbus campus.
The luncheon brought together alumni who have donated to study abroad programs with students who have participated in them, said Dominic DiCamillo, senior director of the Office of Global Business.
“We were excited to partner with Advancement for the first time to facilitate this type of personal connection. The families that have created these endowments, oftentimes, they hoped it would have some sort of positive impact,” he said. “This is the first time for them to hear firsthand from the students who recently participated.”
Xin Lin, a third-year finance student, shared her experiences studying abroad in Hamburg, Germany, and Chiang Mai, Thailand. While in Germany in summer 2024, Lin completed the Fisher Freshman Global Lab with Professor Michael Knemeyer and studied at the Kühne Logistics University.
During Lin’s semester in Germany, her cohort toured the facilities of several international companies, including the Mercedes-Benz auto manufacturer, Seven Senders logistics enterprise, and Jack Wolfskin outdoor apparel.
“This was my first time being in Europe,” she said. “It was a really eye-opening experience and taught me to be curious about exploring other cultures, which is why I made the decision to study abroad in Chiang Mai, Thailand.”
This past summer in Chiang Mai, Lin completed the competitive Fisher Global Consulting: Nonprofit program, which is funded by an endowment established by Chris Connor, a 1978 Ohio State alumnus, and his wife, Sara. The participating students, called Connor Scholars, gain firsthand insights into the cultures and business practices of countries in developing regions worldwide.
“We were there for two weeks working on the sustainability and the marketing for the local elephant foundation, as well as to support the villagers,” she said. “And my team and I, we worked on the sustainability curriculum for the local school.”
Lin said participating in study abroad programs sharpened her decision-making and problem-solving skills.
“Leveraging these experiences has strengthened my understanding of international business and macroeconomics,” she said. “Most importantly, it is the growth mindset and the endless learning that these experiences have taught me, and I’m really excited to be carrying these values into my future career and my academic journey.”
Jacob Brodson, a fourth-year marketing major, said participating in the Fisher Global Marketing Lab in Taiwan this past summer was “a transformational, life-changing trip.”
“If you can go to someplace that’s so fundamentally different from what we experience here on a day-to-day basis, you should absolutely take the opportunity to,” he said. “And Taiwan is that opportunity.”
Brodson said studying marketing and visiting 10 companies in Taiwan gave him a broader perspective on business practices in different countries.
“We went to TSMC, which is the Taiwan Semiconductor Manufacturing Company. That’s the 10th largest company in the world that you probably have never heard of, but they make all the phone and computer chips that are in your cellphones,” he said. “It was an unbelievable experience to see that.”
Brodson and his classmates also toured a Kenda Tire facility.
“They actually do a lot of marketing at Ohio State sporting events because their U.S. headquarters is out in Reynoldsburg,” Brodson said. “We got to see their entire manufacturing plant in Taiwan.”
Brodson said he was pleasantly surprised to discover a Buckeye community overseas. He met more than 25 Ohio State alumni throughout Taiwan.
“We are halfway across the world and yet the most beautiful thing is that there are still reminders of home. We’re halfway across the country and there are still Buckeyes there,” he said. “That is one of the coolest things – seeing the Ohio State alumni and the fact that this Buckeye tradition transcends countries.”
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Ohio
Northeast Ohio Weather: High wind, very warm, showers, and storms today
CLEVELAND, Ohio (WOIO) – A powerful cold front will be tracking through today.
A second system impacts the area tomorrow.
It is very warm and very windy today. High temperatures forecast to be above 60 degrees in many towns before the cold front blows through.
Temperatures tumble through the 50s and into the 40s later this afternoon.
We have showers and a few thunderstorms in the area. The risk of rain will end behind the front. A south wind shifts west and could gust over 45 mph at times today.
Colder and much less wind tonight with a mostly cloudy sky. Early morning temperatures tomorrow will be in the 30s.
The system tomorrow will track across the Great Lakes and will be centered north of us Saturday night.
Moisture gets drawn up from the south. Showers develop by afternoon.
The rain isn’t expected to be heavy with less than .25″ in the forecast. High temperatures make it into the 40s.
Colder Saturday night and blustery. Southwest winds could gust to around 30 mph at times.
A window is there Sunday for snow showers and lake-effect.
It’ll be very windy on Sunday. West winds could gust over 45 mph at times. Afternoon temperatures around 30 degrees.
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Ohio
Ex-Ohio State DB Marshon Lattimore arrested on possible weapons charge
Former Ohio State defensive back Marshon Lattimore was arrested on Jan. 7 in Lakewood, Ohio, and now awaits possible charges of carrying a concealed weapon and improperly handling firearms in a vehicle, according to multiple reports.
Lattimore, currently on the Washington Commanders, was booked into jail but later released. The police report lists a 9mm Glock as evidence, per ESPN.
Police say Lattimore was arrested because he failed to inform the investigating officer that he had a firearm in the vehicle when asked.
In a statement to 3News, the Commanders said, “We have been made aware of the arrest and are gathering more information. We have informed the NFL League office and have no further comment at this time.”
Lattimore played for the Buckeyes in 2015 and 2016. He was selected with the No. 11 overall pick in the 2017 NFL Draft by the New Orleans Saints. He has made the Pro Bowl four times and was NFL Defensive Rookie of the Year in 2017.
In 2021, Lattimore was arrested in Cleveland and initially charged with a felony for receiving a stolen firearm. The charge was dismissed, but Lattimore pleaded guilty to carrying a concealed weapon. He received one year of probation and a suspended 180-day jail sentence, according to ESPN.
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