The specifics
The event will mark the completion of several road projects in southwest Taylor. These include the reconstruction and expansion of CR 401, improvements to CR 404 and FM 973, water realignment on CR 404, and the completion of segments 1 and 2 of the Samsung Highway, according to a county news release.
The Samsung Highway project involves the construction of a four-lane roadway adjacent to the ongoing Samsung plant. Additionally, the new roadway connects FM 3349 and FM 973 in an effort to lessen curves on CR 404, according to previous reporting by Community Impact, which will increase safety around the forthcoming semiconductor facility.
Zooming out
Samsung broke ground on the Taylor site in early 2022.
This April, the company signed a preliminary memorandum agreement with the U.S. Department of Commerce. In exchange for an overall investment of $45 billion in the surrounding Taylor area, Samsung received $6.4 billion in subsidies from the federal government.
In 2023, the Taylor construction site boosted the local economy by $11.6 billion, according to a Samsung press release, and created 8,897 direct and 9,264 indirect construction jobs. Samsung also reports operations at the site injected another $115 million into the region, supporting the creation of an additional 2,317 jobs.
What happens next?
The ribbon-cutting will be held on Samsung Highway at 10 a.m. During the ceremony, the road will be closed to traffic. Parking for the event will be accessible via FM 3349.
