Study touts impact of chip fab
The Time Union
Wednesday, April 2, 2008
By Larry Rulison, Business writer
State investment similar to one offered to AMD would be beneficial, analysis shows
COLONIE -- An Arizona company revealed a study Tuesday that shows New York's billion-dollar incentive package for Advanced Micro Devices Inc. could pay hefty dividends in new jobs, economic growth and tax revenue.
The company, Semico Research Corp., did an economic analysis of the impact that a $650 million investment by the state in a computer chip factory would have on the upstate economy.
The analysis found that the $650 million, paid out over six years, would help create 5,514 jobs, for a cost of about $117,800 per job. When new tax revenue and goods and services created both directly and indirectly are measured, the re
turn on the state's investment would be a whopping 466 percent after five years, the study claimed.
