Schools

Intel Makes $17.7 Million In Grants To OSU, North Central, Others Prior To Groundbreaking

9 Sep , 2022  

By 1812Blockhouse; Special to 1812Blockhouse

Richland County’s two institutions of higher education are among those to benefit from a generous gift from Intel. The announcement came prior to this morning’s groundbreaking at the Intel site in Licking County.

In advance of today’s groundbreaking, Intel announced grants totaling $17.7 million that will fund eight projects at more than 80 Ohio colleges and universities. Included in this announcement was nearly $1.5 million for The Ohio State University and partnering institutions across the state working toward the common goal of a more diverse semiconductor industry.

More…

, , ,

All Things Business

Intel Investment Projections Inch Higher; Strong Regional Economic Impact Certain

5 Sep , 2022  

By 1812Blockhouse

Optimism for Intel has reached a fever pitch recently. Among remarks reportedly given by State Senator Jay Hottinger from Newark last month was the following:

“We’re now going to have five fabs,” Hottinger said. “It makes us the largest chip manufacturer in the world. The opportunities and spinoffs from this will be phenomenal.”

In the article published in the Newark Advocate (can be read here), Hottinger followed that remark by suggesting that officials are already in talks with almost half of the 30 to 40 suppliers potentially coming to Ohio.

Each of these “fabs,” or individual factories, will generate up to 1,500 higher-than-average salary positions (the projected annual salary will be $135,000). The first two fabs have prompted a recent statewide call for 7,000 construction workers.

More…

, , ,

All Things Business

Ohio’s Senators Join 62 Others In Passing Chips Bill

28 Jul , 2022  

By 1812Blockhouse

It is very possible that looking back from a twenty-years-from-now vantage point, that Wednesday’s vote in the US Senate will be seen as a transformative moment for Ohio’s economy.

At least in the near future, few places may end up as changed as Ohio because of a measure that will provide historic levels of financial investment into the domestic manufacture of semiconductors and related industries. And while Richland County is not the primary location from those manufacturing facilities, the county’s southwest corner is quite close to the building site, and of course neighboring Morrow and Knox Counties will be Intel’s next door neighbors.

From the time of the first announcement of Intel’s building plans to the present, passage of the so-called Chips Bill was singled out as important for Intel to maximize its Ohio investment.

More…

, , ,

All Things Business

Introducing The Intel On Intel

21 Feb , 2022  

By 1812Blockhouse

In the immediate aftermath of the announcement that Intel is investing $20 billion in constructing two state of the art semiconductor manufacturing facilities in northwestern Licking County, a number of developments began to occur.

On the part of local units of government and planning organizations, work began to prepare for changes in traffic, population growth, and community development patterns not only in the immediate area, but regionally across central Ohio. Initiatives sprung up almost overnight to prepare for the various needs that the operation will require, including the availability of a trained, talented workforce.

Efforts began as far away as Cincinnati to determine how best to woo Intel suppliers, while other regions and state began to consider how they lost out in this edition of the semiconductor sweepstakes.

More…

, , ,