Legislative Update!
Oregon State Legislature sent this bulletin at 03/30/2023 10:36 AM PDT |
The Oregon CHIPS Act, also known as Senate Bill 4, passed the Senate with bipartisan support. This business development plan opens the door to a generational federal investment in our state semiconductor industry (see article below.) At the end of last year, President Biden signed the CHIPS Act into law, which includes $52 billion in funding to grow domestic manufacturing of semiconductors and chip-making equipment. The legislation requires states to set up programs and incentives in order for local companies to access the federal funding. Senate Bill 4 lays that necessary foundation. This $210 million investment is an extraordinary commitment to Oregon's future. These funds will support siting of new facilities and bring in new manufacturers, as well as investments in our research institutions, community colleges and workforce partners. Semiconductors power Oregon’s economy. They are Oregon’s largest manufacturing sector in employment, exports, and contribution to state GDP. More than 40,000 Oregonians depend on the semiconductor industry for their paychecks. Protecting and growing Oregon’s semiconductor industry is critical to the future of our state. Investing in Oregon's semiconductor industry is an essential step to creating good-paying, long-term jobs across the state, directly in and outside of the industry.
---Related News--- Microchip Gresham celebrates halfway point of $800 million investmentA Gresham industrial company that manufactures a key component in everything electrical under the sun celebrated the halfway point of a four-year, $800 million initiative that will eventually triple production capacity at its East Multnomah County facility. Read the entire article at the Gresham Outlook. Capitol Phone: 503-986-1725 |
