Ohio Gov. Mike DeWine asked President Joe Biden's administration Wednesday to speed up the money needed to accelerate Intel's $28 billion project in central Ohio.
The request comes as Intel faces another delay in a project initially scheduled to be finished in 2025. The company has said 2027 is more likely and others say that may even be too aggressive.
Biden signed legislation to help projects like Intel's chip manufacturing plants in August 2022, but to date, no money has gone out as Intel and the Commerce Department work on the final details.
"This has been something that has been lingering for some time," DeWine told the statehouse bureau. Releasing $8.5 billion in grants and $11 billion in low-cost loans awarded to Intel is important for Ohio and for the future of the country, he added.
On Wednesday, DeWine contacted Steve Ricchetti, Counselor to the President who was raised in Ohio, about the importance of the federal government disbursing the money as soon as possible. "He's looking at it, seeing what they can do."
DeWine was emphatic that a slowdown did not mean Intel would leave the state entirely.
"They're putting billions of dollars in the ground already. They can't move that so they're not going to leave Ohio," DeWine said of the project slated for New Albany in Licking County.
The request comes as Intel faces another delay in a project initially scheduled to be finished in 2025. The company has said 2027 is more likely and others say that may even be too aggressive.
Biden signed legislation to help projects like Intel's chip manufacturing plants in August 2022, but to date, no money has gone out as Intel and the Commerce Department work on the final details.
"This has been something that has been lingering for some time," DeWine told the statehouse bureau. Releasing $8.5 billion in grants and $11 billion in low-cost loans awarded to Intel is important for Ohio and for the future of the country, he added.
On Wednesday, DeWine contacted Steve Ricchetti, Counselor to the President who was raised in Ohio, about the importance of the federal government disbursing the money as soon as possible. "He's looking at it, seeing what they can do."
DeWine was emphatic that a slowdown did not mean Intel would leave the state entirely.
"They're putting billions of dollars in the ground already. They can't move that so they're not going to leave Ohio," DeWine said of the project slated for New Albany in Licking County.
DeWine calls on Biden administration to release Intel cash, says company won't leave Ohio
Ohio Gov. Mike DeWine asked President Joe Biden's administration Wednesday to speed up the money needed to jump-start Intel's $28 billion project in central Ohio.
www.dispatch.com
DeWine calls on Biden administration to release Intel cash, says company won't leave Ohio
Ohio Gov. Mike DeWine asked President Joe Biden's administration Wednesday to speed up the money needed to jump-start Intel's $28 billion project in central Ohio.
www.dispatch.com