Wolfspeed chip fabrication facility in the Marcy

[ManualF150]

Wolfspeed is here. Millions in state aid paved the way to a shovel-ready Marcy Nanocenter

As with many significant business openings nationwide, the path to attracting Wolfspeed to the Mohawk Valley is paved with taxpayer dollars.

www.uticaod.com

It's amazing how much tax dollars go into these private entities from the state. Yet small businesses that had to close down due to the their incompetent mismanagement of funding that could help the areas thrive or at least get through.

How long before this place closes like everything else in that neck of the woods? 1 year? 2 years?

Let's not forget Alain Kaloyeros....

 

[Saltwater60]

So corporate welfare is ok? I thought democrats didn’t think it was??!!

 

[repete]

"The $500 million grant equates to $814,000 per job at the Marcy facility at capacity."
I'd say that's a fair trade off for a job that pays $75 grand a year. WTF, do any of these assholes ever think?

 

[Shadow rider]

 

[Saltwater60]

"The $500 million grant equates to $814,000 per job at the Marcy facility at capacity."
I'd say that's a fair trade off for a job that pays $75 grand a year. WTF, do any of these assholes ever think?

They can’t do simple math. That’s a 180 year payback at 6% tax rate to NYS.