Micron Technology, with plans to build a chip manufacturing plant in upstate New York, received substantial incentives from state officials, including $5.5 billion. This situation raises concerns regarding fairness for other businesses facing high tax burdens and regulatory challenges. Micron's advantages, including expedited environmental review processes, underscore potential obstacles that deter developers from proposing projects in New York. The article suggests that Micron's treatment could serve as a test case for examining how the state's business environment could be improved, signaling the discrepancies between favored projects and normal business operations in the area.
State officials, hoping to break Central New York out of its economic doldrums, promised Micron $5.5 billion in cash-like incentives in 2022.
Micron got a big head-start in getting through SEQR, New York's onerous environmental review process.
The process is frequently abused by project opponents, and developers often have to turn to the courts for help getting things unstuck.
For starters, Micron got a big head-start in getting through SEQR, New York's onerous environmental review process.
#micron-technology #new-york #economic-development #semiconductor-manufacturing #business-incentives
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