Common Contracts
1 similar Strategic Investment Program Agreement contracts
Intel Strategic Investment Program AgreementsStrategic Investment Program Agreement • August 5th, 2014
Washington County, the City of Hillsboro and Intel Corporation recently negotiated a proposed 30-year agreement that would provide up to $100 billion of investment over multiple, concurrent 15-year periods beginning as soon as 2015. As with past agreements, the 2014 proposal would require Intel to pay the equivalent of full property taxes on all land and buildings associated with each SIP project. The proposal would allow for partial property tax savings to Intel for investment in machinery and equipment used for semiconductor manufacturing. This machinery and equipment costs billions of dollars to create and can become obsolete within a few years.
