Thanks to Gila Courier for the original post.

Competitive tax structure leads to Intel expansion

February 11th, 2009

Intel Corporation has announced a major commitment to continuing their presence in Arizona. The company will be investing $3 billion to upgrade their Chandler facility.

Why the extra investment in the Arizona operation? In the words of Josh Walden, VP of the Technology and Manufacturing Group:

“What this does is allow us to maintain those high paying jobs into the future,” he said.

Walden credited state policies enacted prior to the launch of Fab 32, such as research and development and property tax credits, with bringing the investment to the state.

“We’d really like to see that continue to help other companies in Arizona,” he said.