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Intel Delays Concerning

Economic development officials in Columbus and Franklin and Licking counties can be forgiven if they find themselves humming the tune to an early 1980s hit while they wonder when the next bad news will come from Intel Corp. The company had nothing but “promises, promises.”

At the end of last month, the chipmaker announced it is once again pushing back the planned opening of the semiconductor plant that was going to revolutionize the employment landscape in central Ohio.

Now Intel says construction on the first of two planned factories in New Albany is expected to be completed in 2030, with operations beginning in 2031. The second planned factory is now not expected to begin operations until 2032.

Dan Tierney, spokesman for Gov. Mike DeWine, said the news was a “disappointment.”

That’s an understatement. A Cato policy analysis shows Intel received $1.941 billion in subsidies from Ohio. That report called it the largest incentive package in Ohio’s history. Intel has also already received $2.2 billion of the $7.8 billion in federal CHIPS Incentives Program funding it was awarded.

Even if Intel’s new timeline proves accurate, students in middle school now will be of the age to be considered for some of the jobs there, in 2031.

Surely DeWine and many others in Columbus are beginning to think about how to claw back some of the money that was tossed at Intel, without much more delay.

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