Nov 23
2021
Surprise winner of Samsung plant
At the beginning of the year, it looked like Austin, Texas, was the frontrunner to land a $17 billion Samsung microchip plant that Western New York officials were hoping to lure to rural Genesee County. In recent months, a new leader emerged – the City of Taylor, just outside Austin – that agreed to a slew of city, county and school district incentives that would reportedly reduce Samsung’s tax burden by 90 percent during the first 10 years of the plant’s operation. “I thought this was Austin’s to lose,” said Nate Jensen, a professor at the University of Texas-Austin who[...]