Texas company rejects Marcy Nanocenter site for expansion

Category: News
Published: 2019-04-24

TEXAS – Another potential Marcy Nanocenter tenant has slipped through dealmakers’ fingers.

Texas Gov. Greg Abbott announced last week that Texas Instruments will build a new, US$31 billion semiconductor wafer factory in Richardson, Texas, where the company already has another factory. That project is expected to create more than 488 jobs.

But documents from the Plano Independent School District in Texas show that the nanocenter on the SUNY Polytechnic Institute campus in Marcy and another site in Singapore were the other site finalists.

New York and Singapore both offered “significant and competitive incentives (e.g., tax, capital grant, training, utilities, etc.)” in their attempts to lure Texas Instruments, or TI, to their locations, according to an April 9 report by the Plano school district, which had to sign off on a tax deal offered in that state.

New York and Singapore would offer between US$1.3 million and US$4.1 million more in annual savings than Texas, according to the report. In total, one location offered US$622 million more in savings than Texas and another offered US$214 million more in savings, but the report did not specify which place offered which deal.

Source: Uticaod

BORDERNOW MAGAZINE