Attention Economy


Wednesday, February 2, 2022

Why Did Intel Choose Ohio?

Intel’s choice of Ohio for its $20 billion factory shows what matters at least as much as low taxes — and it costs money
https://www.marketwatch.com/story/intels-choice-of-ohio-for-its-20-billion-factory-shows-what-matters-at-least-as-much-as-low-taxes-and-it-costs-money-11643812717
The Indianapolis and Columbus metro areas are similarly size and have absorbed all their state’s population growth in this century. Both were finalists in the Amazon headquarters competition and were wooed by Foxconn as well. Purdue has an objectively better-ranked engineering college, and taxes in Indiana are lower than those in Ohio.  Indiana’s use of tax abatements and credits suggest it would have offered a similarly sized package.
So why is Intel going to Ohio and not Indiana?
The short story is the abundance of educated workers in Ohio. The Columbus metro area is already rich with college graduates, but it also has the local environment that can attract more.

2022 Best Engineering Schools
https://www.usnews.com/best-graduate-schools/top-engineering-schools/eng-rankings
1. MIT
2. Stanford
3. UC Berkeley
4. Caltech, Carnegie Mellon, Purdue (3-way tie)
7. Michigan
8. Georgia Institute of Technology
9. UC San Diego
10. Illinois
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30. Ohio State