I know this may not have been your focus, but the $60M Intel received from OH for doing absolutely still bothers me. That was not a legal loophole. That was an affirmative decision.
You might actually be catching two pieces of the puzzle at once here! Ohio approved a $600 million direct grant to Intel for construction, but the state also recently finalized $60 million in public funds for a workforce training center tailored for Intel. Is the latter what you were tracking?
Either way, your core point holds up completely: these are intentional policy decisions where the public guarantees the funding upfront while the private company dictates the timeline.
Thanks so much for reading and sharing your thoughts!
Separately, there was a $60M payment to Intel by the state as part of the original subsidies granted by OH. Atty Gen DS is Yost said there was no way to claw back the $$$. That was an intentional provision. Lawyers don’t make those kind of decisions. A “business” person at the top wld have had to sign off. It was not a drafting error (as the state tried to imply…).
I know this may not have been your focus, but the $60M Intel received from OH for doing absolutely still bothers me. That was not a legal loophole. That was an affirmative decision.
You might actually be catching two pieces of the puzzle at once here! Ohio approved a $600 million direct grant to Intel for construction, but the state also recently finalized $60 million in public funds for a workforce training center tailored for Intel. Is the latter what you were tracking?
Either way, your core point holds up completely: these are intentional policy decisions where the public guarantees the funding upfront while the private company dictates the timeline.
Thanks so much for reading and sharing your thoughts!
Separately, there was a $60M payment to Intel by the state as part of the original subsidies granted by OH. Atty Gen DS is Yost said there was no way to claw back the $$$. That was an intentional provision. Lawyers don’t make those kind of decisions. A “business” person at the top wld have had to sign off. It was not a drafting error (as the state tried to imply…).