Intel subsidies for building fabs (Arizona Commerce Authority)

Sam Reynolds filed this request with the Arizona Commerce Authority of Arizona.

It is a clone of this request.

Multi Request Intel subsidies for building fabs
Submitted April 5, 2021
Status
Completed

Communications

From: Sam Reynolds

Subject: Arizona Public Records Law Request: Intel subsidies for building fabs (Arizona Commerce Authority)

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To Whom It May Concern:

Pursuant to the Arizona Public Records Law, I hereby request the following records:

Proposed subsidies for Intel Corporation to build semiconductor factories (fabs) in the United States.

Dates: Feb 1 2021 to April 4 2021

The requested documents will be made available to the general public, and this request is not being made for commercial purposes.

In the event that there are fees, I would be grateful if you would inform me of the total charges in advance of fulfilling my request. I would prefer the request filled electronically, by e-mail attachment if available or CD-ROM if not.

Thank you in advance for your anticipated cooperation in this matter. I look forward to receiving your response to this request within 10 business days.

Sincerely,

Sam Reynolds

From: Arizona Commerce Authority

Subject: RE: Arizona Public Records Law Request: Intel subsidies for building fabs (Arizona Commerce Authority)

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Hello -

Please see below in response to your public records request.

To date, Intel has not received any incentives from the State of Arizona for this project. All ACA financial programs are performance-based. Intel would be eligible for the Qualified Facility Tax Credit program. The amount would be dependent on any applications received from the company. Under this program, the maximum amount Intel would be eligible for based on project parameters would be $90,000,000. More details are below.

Qualified Facility Tax Credits (refundable):

* Tax credits issued to a recipient under the Qualified Facility Program generally equal the lesser of: (i) 10 percent of the qualifying capital investment at the facility or (ii) $20,000 per net new full-time job for projects up to $2 billion in capital investment and $30,000 per net new full-time job for projects greater than $2 billion.
* All of the net new jobs must, among other criteria, offer health insurance for which the Project will pay at least 65 percent of the premium or membership cost. In addition, at least 51 percent of the net new jobs must pay qualifying annual wages at least equal to 100 percent of the state median annual production worker wage for jobs in rural areas and 125% for jobs in urban areas. Credits are claimed in equal installments over five years commencing after the facility begins operations and after all approvals are obtained.

Patrick

Patrick Ptak
SVP, Executive Initiatives
T602-845-1286F
602-845-1201
E
PatrickP@AZcommerce.com
100 N. 7th Ave., Suite 400
Phoenix, AZ
85007
www.azcommerce.com
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