Representatives of Intel Corp., Washington County and the city of Hillsboro said Monday that they have reached a proposed agreement for the microchip giant to invest $100 billion in its Portland-area plants and facilities during the next 30 years.
“That’s billion with a ‘B,’ ” said Washington County Commissioner Roy Rogers. “It’s a staggering number.”
The agreement is considered a job-retention program and the $100 billion represents new money that Intel expects to invest in research, development and manufacturing on its Washington County campuses.
“There are 17,500 currently employed at Intel and three jobs created for every Intel job,” said Rogers, referring to a recent study by ECONorthwest, a private economic consulting firm.
Read more at the Beaverton Valley Times.