Chip maker, Micron, to invest heavily in Syracuse area, but reaps huge tax breaks

[Saltwater60]

First I don’t believe this will pan out. That’s a lot of money and a lot of projected jobs. Also saying the average wage at over $100,000 doesn’t seem right to me, but keep in mind they are projecting these jobs to take years to develop. Of course we are giving them $6 Billion in tax breaks to start, I’m sure more will be coming.

Micron to spend up to $100B on chip plant and bring 9,000 high-paying jobs to NY town

The 1,300 acre plant will also generate about 40,000 outside jobs for contractors, suppliers and others, according to the company.

nypost.com

 

[MothMan]

Looks like .5 $B has made it to the Big Guy.

 

[Carlos Hathcock]

Any business willing to come here has to be batshit crazy.

 

[96coal449]

Any business willing to come here has to be batshit crazy.

Saw this on LSM this morning. My first thought was, "What's their motive?"

 

[Bustedknees]

I thought someone had already broke ground in the Rome/Marcy on a microchip plant??

 

[Bustedknees]

must be this place wasn't good enough.

Marcy Nanocenter

marcynanocenter.com

 

[Deplorable Me]

Didn't Solar City solar panels in Buffalo go down the crapper with Buffalo Billions?

 

[spat]

Any business willing to come here has to be batshit crazy.

Or on the take.

My bet is in the latter.

 

[Saltwater60]

Saw this on LSM this morning. My first thought was, "What's their motive?"

Turns out $6 billion will do it.

 

[Saltwater60]

Didn't Solar City solar panels in Buffalo go down the crapper with Buffalo Billions?

Tesla never made solar panels here until very recently. Panasonic was making them for Tesla and crapped the bed on them. I think they moved their operation to China.

 

[Bozo]

Global Foundries coming here was good for the building trades for a time. They also brought their own people from overseas for most of the higher-paying jobs, so we subsidized H1Bs from China and Singapore. Once the subsidies dry up, these places will stop updating their facilities and move on to the next handout.

 

[Acer-m14]

so the banks don't like your businesses plan for a big start up loan and denied you .. ohhh so sad ..


but NYS will give you one and if you fail or do noting at all .... nothing happens .. free taxpayers $$$$ to burn ..

Didn't Solar City solar panels in Buffalo go down the crapper with Buffalo Billions?

and the Buffalo Bills too .. but we keep using tax money to fix and upgrade the stadium or make a fking new one ..

when is that Super Bowl Win coming 2525

 

[tirwin1]

Hey, would you look at that. Another bait and switch for the rubes right before the election:

 

[Michael]

First I don’t believe this will pan out.

I believe you are correct. I don't recall if I've said it here or not, but big companies love depressed areas like central NY. The area is so desperate for decent paying jobs that .gov (local and state) will give companies all sorts of tax breaks and grants with just about no recourse. Think how many times did Congel take advantage of the state and Syracuse/Onondaga county to build some grand mall with hotels, indoor pools, unicorns, and air conditioned with fairy farts. What the taxpayers got was a crap mall where people are shot and stabbed on a regular basis. I remember way back when Congel hired a bunch of workers at 100k a year to start build on of the expansions. Here's one of the articles on that. I'm more than willing to bet that micron will be doing much of the same we've seen before- take advantage of the taxpayers and make bank while doing so.

 

[Zerex]

Just getting even for electing Tenney, Williams, Stefanik and others upstate. Schumer is angry.

Schumeer stole his first election in 1992, when somehow secret ballots put him up over the top, against Al Damato.