…many of the same criticisms leveled against the Panasonic deal — and diverting state monies to economic development projects more broadly — remain, while some question the wisdom of using the incentive framework on a company already based in Kansas. They are compounded by significant uncertainty regarding the CHIPS Act, the federal law passed last year to stimulate investment in the semiconductor industry domestically. Kansas will need to be awarded federal incentives for the Integra project, otherwise the state can withdraw their offer and look for another megaproject. All the while, a land rush has occurred nationally with states trying to get into the semiconductor space. But some worry Kansas could be prospecting for fool’s gold as much as the real thing.
Source: Hutch News
