Jan 11
2022
Nearly $2 billion wasn’t enough
State and local officials, determined to win the competition for a semiconductor plant that will employ 1,800, offered Samsung $1.89 million in subsidies to locate the factory in Genesee County, just north of Batavia. The chief competition, two sites in and around Austin, Texas, dangled large subsidy packages, as well. But at $1 billion each, they fell way short of what New York was offering. Nevertheless, Samsung opted for Taylor, Texas. Why did the company bypass Genesee County? It’s unclear, but the remote location could have been a factor. How remote? It was going to cost $200 million just to[...]