Feb 24
2025
Subsides amounting to billions of dollars
Politicians can’t throw enough money at Micron Technology to entice the company to build a microchip factory north of Syracuse. Ken Girardin of the Empire Center for Public Policy took a close look at the deal, and yikes, it is rich enough to make the Buffalo Billion deal that brought Tesla to South Buffalo look like a steal — which it wasn’t unless you’re Elon Musk. Micron is in line for subsidies worth more than $11 billion. That’s billion, not million. Among the goodies: Up to $5.5 billion in state tax credits. Tax abatements, sales and otherwise, of $4.9 billion. Property tax abatements that[...]