In a recent article published by the Triangle Business Journal about New York’s Green CHIPS bill, Bruce Thompson discusses how states are positioning themselves “as the next big hub” for job-creating industries, including semiconductor manufacturing.
The Green CHIPS bill includes up to $10 billion in tax credits designed to position New York as a hub for semiconductor manufacturing. This new legislation comes after NC earmarked more than $100 million of incentives to attract a semiconductor site in Chatham County.
Bruce said heavy-hitting states such as New York and California have “rested on their laurels,” but firms are relocating to the Southeast “because it has more to offer from a business and living standpoint.”
“I think you’ll see states doing things like this … but I don’t know if chip manufacturers are the end game,” he said. “You certainly wouldn’t turn them down, but there are a finite number of chip makers out there.”
You can read the full article here: Why New York's $10B package might ruin NC's chase for chipmaker expansions
The Triangle Business Journal is the leading business publication serving the Raleigh-Durham-Chapel Hill area. TBJ is owned by American City Business Journals (ACBJ).