SENATOR SAYS BILL LURING SEMICONDUCTOR PLANT TO NEBRASKA WOULD HAVE BIGGEST ECONOMIC IMPACT 'SINCE CORN'

LINCOLN- Senator Mike McDonnell introduced LB616 which urges Nebraska to join the federal push to increase semiconductor production within the states. The benefits could be enormous according to the senator. It could create more than 4,700 jobs paying an average of $84,500 per year.

LB616 would authorize the state to match any federal funds that semiconductor manufacturers locating in Nebraska obtain under the federal CHIPS for America Act. “This legislation has the potential to have the biggest economic impact to the State of Nebraska since corn,” McDonnell said.

The federal CHIPS act, signed into law by President Joe Biden in August, allocated $54.2 billion to help build chip plants in the U.S. In response, several states, including Michigan, Tennessee and Ohio, have passed, or are in the process of passing, financial incentives to lure factories to their states. Senator McDonnell believes Nebraska must make itself a potential site.

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