A week ago, just after announcing what Ohio leaders are calling the biggest economic development deal in the state’s history, Lieutenant Governor Jon Husted wouldn’t say much about the incentive package that lured Intel to Ohio.
The following article was originally published in the Ohio Capital Journal and published on News5Cleveland.com under a content-sharing agreement. The only information he shared at the time was $1.2 billion in infrastructure spending, but he insisted details were forthcoming.
“This administration is committed to an open and transparent process, but,” she emphasized, “it will be a process, given the scale of what we are undertaking.” Under the terms, Intel will receive $600 million in performance-based grants to defray the cost of building its facilities. Mihalik, former mayor of Findlay, explained she was most excited about another $691 million in local infrastructure improvements for roadwork, wastewater and water reclamation upgrades. Lastly the state will offer Intel an expanded job creation tax credit, established as part of the most recent state budget.
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