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Ohio’s $1.1B Intel Incentive, Opportunity Zone Laws Signed (1)

June 14, 2022, 5:39 PMUpdated: June 14, 2022, 8:00 PM

Intel Corp. and its Ohio suppliers are in line for more than $1.1 billion in state incentives for a $20 billion semiconductor facility that one Ohio official called “the biggest economic development project in the free world.”

Gov. Mike DeWine approved the incentives Tuesday with his signature of the state’s capital budget bill (H.B. 687). The law codifies a portion of the $2.1 billion incentive package that helped land Intel’s pledge to build two fabrication plants on a 1,000-acre site in New Albany, a suburb of Columbus.

“This is an investment that benefits not just Ohio, but ...