Intel just announced it will be spending $2.5 billion to upgrade its facilities in Rio Rancho. They intend to use the upgraded 'fab' to manufacture its next generation chip technology.
That is a stimulus package all by itself! From past history, once Intel decides to do something, they are very fast to get going. My guess is that most of that money will be spent in the next 12 months which means about 1,500 construction jobs will be added to the local economy. Since construction is one of the sectors that is hurting the most, that is welcome news indeed.
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