Governor and Intel Enter into Jobs and Investment Agreement
Gov. John Kitzhaber and OBA member Intel entered into an agreement today ensuring the company will add at least 500 jobs and invest $500 million in an expansion of its D1X plant in Hillsboro, a multibillion-dollar research facility currently under construction.
The Governor negotiated the agreement under legislation passed in December 2012 designed to encourage capital investment and job creation in the state. To date, Intel and Nike are the only two companies to take advantage of the legislation, according to the Oregonian.
“Our investment-friendly environment makes it possible for companies like Intel to create jobs and manufacture leading-edge technology in our state and in the U.S.,” said Ryan Deckert, OBA President. “This agreement provides tax certainty and ensures Oregon remains competitive and open for significant future investment and continued job growth.”