BG Podcast: Discussing NXP's incentive proposal before the City Austin

Welcome to BG Podcast Episode 218! On this episode Bingham Group CEO A.J. Bingham and firm Economic Development Consultant Larry Holt discuss NXP Semiconductor's incentive proposal before the city of Austin. BACKGROUND: 🔲 The Austin Council will take up final discussion and approval of NXP's application, under a Ch. 380 agreement, this Thursday (9.20.2023). 🔲 NXP's application, totaling $1 million (approx.) in incentives, is tied to it's larger pursuit of federal CHIPS and Science Act funding. 🔲 Passed in 2022, the CHIPS Act, dedicated billions of dollars to encourage investment in the U.S. semiconductor industry in part through tax credits and scientific research. 🔲 Companies pursuing CHIPS Act funding are required to have a local or state level funding match, such as a Chapter 380. NEWS LINKS: ➡️ NXP (corporate website) -> https://rb.gy/ghg51 ➡️ NXP Seeks Greater Investment in Austin, Fostering Innovation and Growth (City of Austin) -> https://rb.gy/36cqp ➡️ Council hears details of proposed $1M incentive package for NXP Semiconductors (Austin Monitor) -> https://rb.gy/6c2e5 ➡️ Child care in focus as Austin officials consider economic deal for $291M NXP expansion (Community Impact) -> https://rb.gy/o2cba EPISODE 218 ABOUT THE BINGHAM GROUP, LLC Bingham Group works to advance the interests of businesses, nonprofits, and associations at the municipal and state level. Follow Bingham Group on LinkedIn at: bit.ly/3WIN4yT Learn more about A.J. and Larry here: ✅ A.J. Bingham -> https://www.binghamgp.com/ajbingham ✅ Larry Holt -> https://www.binghamgp.com/larry-holt Contact us at: [email protected] www.binghamgp.com