According to several new Chapter 313 applications—mechanisms that allow public school districts to offer tax incentives for businesses that invest in their communities— released July 20 through the Texas Comptroller's website, Taylor ISD has approved nine separate applications for facilities at the Taylor location, and Manor ISD approved two.
All told, the proposed expansions add up to about $190 billion. Put into perspective, the fiscal year 2020-21 budget for the state of Texas was about $260 billion.
Both districts approved the Chapter 313 applications in late May, but specific information had not been released on the nature of the proposed expansion until the documents' July 20 release.
The new applications from Samsung give more detail on the 11 proposed new fabrication facilities, or "fabs," at both sites.
Here is a breakdown of each proposed addition.
Taylor site:
- Fab 2: $15.1 billion estimated investment; about 1,000 net new jobs; estimated up and running by 2034; limited to $80 million total value for 10 years
- Fab 3: $15.5 billion estimated investment, at least 900 net new jobs; estimated up and running by 2035; limited to $80 million total value for 10 years
- Fab 4: $16.5 billion estimated investment; at least 900 net new jobs; estimated up and running by 2036; limited to $80 million total value for 10 years
- Fab 5: $17.5 billion estimated investment; at least 900 net new jobs; estimated up and running by 2037; limited to $80 million total value for 10 years
- Fab 6: $18.5 billion estimated investment; at least 900 net new jobs; estimated up and running by 2038; limited to $80 million total value for 10 years
- Fab 7: $19.5 billion estimated investment; at least 900 net new jobs; estimated up and running by 2039; limited to $80 million total value for 10 years
- Fab 8: $20.5 billion estimated investment; at least 900 net new jobs; estimated up and running by 2040; limited to $80 million total value for 10 years
- Fab 9: $21.5 billion estimated investment; at least 900 net new jobs; estimated up and running by 2041; limited to $80 million total value for 10 years
- Fab 10: $23 billion estimated investment; at least 900 net new jobs; estimated up and running by 2042; limited to $80 million total value for 10 years
- Total investment: $167.6 billion
- Net jobs: 8,200
- Fab 3: $12 billion estimated investment; at least 900 net new jobs; estimated up and running by 2034; limited to $80 million total value for 10 years
- Fab 4: $12.5 billion estimated investment; at least 900 net new jobs; estimated up and running by 2042; limited to $80 million total value for 10 years
- Total investment: $24.5 billion
- Net jobs: 1,800