It’s no secret that Ohio is campaigning for more industry to re-locate their operations to the buckeye state. Moreover, a campaign has been deployed in several states across the country by JobsOhio.com with focus on informing decision makers that, “Ohio has a 0% state tax on corporate income, R&D investments, and goods & products sold out of state.”
Don’t believe me? Here is a picture taken in Boston, Massachusetts in late 2021.
Wicked smaht, you say? Well, apparently Intel Corporation (NASDAQ:INTC) agrees.
A report from Andrew J. Tobias from Cleveland.com reports, “Intel is the company that has decided to build a major new computer-chip factory in the Columbus, Ohio area in what could be the largest economic development project in state history, according to sources.”
The factory will span across 3,190 acres of land in New Albany and will employ 3,000 workers. Currently, a mere 12% of the world’s semiconductors are manufactured in the U.S. This new factory is not only a great economic development for Ohio, but also a big step in the right direction for U.S technology manufacturing.