Calfee Connections

For companies that wish to receive manufacturing incentives in connection with the CHIPS and Science Act, the newly created CHIPS Program Office (CPO) at the U.S. Department of Commerce will begin accepting applications this spring.

The latest episode of Calfee NOW features a conversation between Congressman Mike Carey (R-OH, 15th District) and Calfee Government Relations and Legislation group members Dan Reinhard, Jamie Gregory, and Nick Bush.

While semiconductor manufacturers, local governments, and economic development entities await the guidance, rules, and application format for these incentives from the U.S. Department of Commerce, there are steps that companies can begin taking to shape their project to be competitive toward the national effort to bolster the U.S. semiconductor ecosystem and provide for a skilled workforce necessary to drive innovation for the next generation.

Semiconductor chip manufacturer Intel Corporation has announced plans for a massive expansion into Ohio, intending to make an initial investment of more than $20 billion in the construction of two new leading-edge chip factories near Columbus. This investment (and recent federal legislation such as the CHIPS and Science Act, which provides over $50 billion in federal incentive funding and tax credits to help the American semiconductor industry reshore manufacturing and invest in the next generation of technology) represents an exceptional opportunity for Ohio residents and companies, though there may be some unique challenges tech companies could face when starting or growing operations in the Buckeye State.

Thanks to the passage of the CHIPS and Science Act, aimed at encouraging more investment in the tech sector to help produce more semiconductor chips here in the U.S., companies large and small are considering how to invest in the next generation of semiconductor manufacturing and considering lucrative federal incentives as a catalyst to this growth.

On the latest episode of Calfee NOW, Josh Sanders, Vice Chair of Calfee's Government Relations and Legislation practice group, and Nick Bush, Principal with Calfee's Federal Government Relations and Policy group, spoke with Congressman Troy Balderson (OH-12). 

On episode 23 of Calfee NOW, Raymond Tarasuck, Senior Counsel, and Michael Bowen, Associate with Calfee's Government Relations and Legislation practice group, and Jamie Gregory Lead Principal, and Nick Bush, Principal with Calfee's Federal Government Relations and Policy group, spoke with Congresswoman Shontel Brown (D-OH, District 11).