Husted: After Intel groundbreaking, it's time to get to work

2022-09-17 03:02:49 By : Mr. Edison Wang

Ohio won! The day has come when we have broken ground on the new Intel facility, and now it’s time to deliver on the promise of building a massive semiconductor production facility and industry supply chain right here in Ohio.

Intel will invest $20 million in Phase 1 of what we believe will be the largest semiconductor production site on the planet. Phase 1 alone is expected to create 3,000 high-paying Intel jobs, 7,000 construction jobs and 10,000 downstream jobs in Ohio. The project will add $2.8 billion to Ohio’s annual gross state product.

This is the economic development equivalent of winning both the Mega Millions and Powerball lotteries simultaneously. But this was not secured through luck, it was won through great collaboration with the private sector and leadership in government at the local, state, and federal levels.

And today’s groundbreaking is not the end of the collaboration, it’s only the beginning.

Ohio’s state and local governments still must build highways, roads, water systems and sewer treatment facilities to accommodate the enormous scope of this project. Ohio’s construction industry leaders and workforce must build the project on time and within budget.

Ohio’s educational institutions must adapt to shape a workforce that will need more engineers, technicians, machinists, electricians, pipefitters, and sheet metal and construction workers. The good news is the skills that most of the workforce will need to qualify for these jobs can be earned at local high schools, career centers, community colleges or even through an apprenticeship.

There is still much work to be done by state and local economic development specialists to secure a supply chain for the semiconductor industry in Ohio. This will involve talking with businesses, identifying sites, training the workforce, and building out the infrastructure to accommodate the businesses that will be moving here or expanding here in our state.

Local governments will need to plan for growth in a way that provides for a mix of residential housing, green space, amenities and industrial and commercial business that is consistent with community aspirations.

There is great optimism for future growth in the computer chip industry. Every smartphone, electric vehicle, appliance, data center and beyond will need more processing power, which will demand smaller and faster chips. Annual chip-industry revenues are expected to hit $1.35 trillion by 2030, more than doubling from $553 billion in 2021, according to International Business Strategies Inc., a chip consulting firm.

The Intel team is in great competition to prove they can deliver and outperform their global competitors. They must be successful to gain the market share to support the construction of the future fabrication facilities planned for central Ohio.

Ohio stands ready to realize the promise of what the Intel project offers – creating a new industry and supply chain in our state. It is truly a team effort, and the stakes could not be higher as America’s economic and national security efforts are tied to producing a steady supply of semiconductor chips.

Delivering on Ohio’s promise is critical. It will determine whether America’s economic and national security will be strengthened by creating a stable supply of computer chips. It will determine how Ohio fulfills the promise of becoming the center of high-tech manufacturing in America so our children and grandchildren will never have to look beyond Ohio for great career opportunities.

It’s time to get to work and win!

Jon Husted is Ohio's Lieutenant Governor.