Statewide Impact of Ohio
Intel Project
Evident in Initial Progress Report
(COLUMBUS, Ohio)—
Ohio Governor Mike DeWine today
released a report that outlines Intel Corporation’s progress toward its two new
semiconductor manufacturing facilities in Licking County, which continue to
move forward with far-reaching impacts across the state.
The report, prepared by Intel and submitted to the Ohio
Department of Development, shows that the company has spent approximately $1.5
billion through Dec. 31, 2023.
With an additional $3 billion contractually committed, this brings the total
committed investment by Intel in Ohio
to $4.5 billion to date.
“The state’s agreement with Intel includes the requirement
for an annual report outlining its progress and the resulting impact on Ohio’s
economy and workforce,” said Governor DeWine. “Transparency is always
important, and we believe the public should be kept well-informed on the
statewide impact of this transformative project.”
“Since the announcement of the largest economic development
project in Ohio history, we have
worked to provide the most up-to-date information on progress at the Intel
site,” said Lt. Governor Jon Husted. “Construction logistics are quite amazing.
Barges of equipment are coming up the Ohio river, getting offloaded in Adams
County – and then the organization of enormous truckloads of equipment making
their way to Licking County – adds to the billions invested already by the
company and the growing number of Ohio-based suppliers.”
As of Dec. 31,
2023, Intel had 69 employees from 14 Ohio
counties working at the project site, and construction workers from 75 of Ohio’s
88 counties have contributed to the project to date.
Intel’s Ohio
supplier footprint has grown from approximately 150 Ohio
suppliers when the project investment was announced to more than 350 current Ohio
suppliers across 47 Ohio
counties. Among the top suppliers are Bechtel Construction, Gilbane Building
Company, and Linde.
Intel Onshoring Annual Report
In addition to the semiconductor manufacturing facilities,
Intel has been moving forward with design and engineering plans for its office
building, water treatment and reclamation facility, and an air separation unit
on site. Intel projects both chip factories to be completed between 2026 and 2027
and operational between 2027 and 2028.
Announced in January 2022, the project is the largest single
private sector company investment in Ohio’s
history and is expected to create 3,000 direct Intel jobs, $405 million in
annual payroll, and more than $20 billion in fixed asset investment by Dec. 31, 2028. It’s also estimated
that Intel’s investment will generate more than 20,000 jobs across the state
and add $2.8 billion to Ohio’s
annual gross state product. In September 2023, Ohio
disbursed a $600 million onshoring grant to Intel in support of the project.