04/25/2024 | Press release | Distributed by Public on 04/25/2024 09:32
April 25, 2024
Mayor McLean is in Syracuse, NY today with other senior elected officials and Micron executives for President Biden's official announcement of a $6.1 billion grant to Boise based company, Micron. The proposed funding would enable Micron's investment in DRAM fab in Boise, co-located with Micron's Research and Development facilities. The expansion represents the single largest private investment Idaho's history and affirms Boise is a key player in the semiconductor industry.
"I'm thrilled that our own home-grown company, Micron, will receive transformational funding through the CHIPS & Science Act and I thank President Biden for his leadership and commitment to growing American jobs and companies," said Mayor Lauren McLean. "This CHIPS investment makes possible the once in a lifetime investment here in Boise and in Central New York. We look forward to the continued progress Micron makes through these federal investments in chip manufacturing, as Boise and Central New York become national and global hubs for memory technology."
Boise has long been a key player in the semiconductor industry, both domestically and abroad. Today's announcement secures that standing, bolstering the City of Boise's efforts to attract employers that share our vision of creating a city for everyone, support our diverse workforce, and continue encouraging innovation and growth right here in Boise.
"From the moment Micron started looking for a home for its future R&D and manufacturing, I made it a priority to do everything we could to help them succeed here in Boise because I knew how much it would mean for our community," continued McLean. "Our team worked with the state, the region, businesses, and others to make sure our residents had the opportunity that comes with winning this expansion.
And then, we got to work on making sure the Administration picked Micron's Boise facility for a CHIPS investment. This investment supports a local company and helps us achieve our goals of building a strong future for everyone in Boise. From day one, I've made it a priority to invest in housing, transportation, childcare, clean energy, and clean water so that in ten years, the kids in STEM classes today will have the chance to create memory of the future with a great job right here at home."
The City of Boise worked closely with partners to win and prepare for Micron's expansion. The CHIPS grant will complement significant new investments in critical infrastructure, workforce development and more in Idaho and Boise including:
"Semiconductors power our lives, from our computers to smart phones and even cars. They are integral to industries in every segment of our interconnected economy - from healthcare technology to telecommunications, agricultural processes, consumer goods and electronics, and so much more," said McLean. "The city has been building the partnerships necessary to creating a business-ready environment that supports this kind of economic development and we'll continue to focus on diversifying our economy to provide opportunities for our residents."
Contact: Mayor's Office Media Relations
(208) 972-8520 | [email protected]
sign up for our weekly e-newsletter.
© 2024 City of Boise. All rights reserved.