Ohio's biggest economic development project in history means the state is ponying up its biggest incentive package.
The state laid out more than $2 billion in incentives that it will provide to Intel, which announced a week ago that it will invest $20 billion in building two factories, called fabs, in Licking County to make semiconductors.
On top of the state's incentives, JobsOhio, the state's economic development arm, will kick in $150 million in economic development and workforce grants and the city of New Albany said it will offer a 30-year, 100% property tax abatement on the buildings that Intel constructs in the city's business park.
