Ohio business leaders push for release of CHIPS Act money [Video]

Post author By Curator
Post date November 14, 2024

TOLEDO, Ohio (WTVG) – Frustration is mounting over the implementation of the bipartisan CHPIS and Science Act.

The legislation, which Congress passed two and a half years ago, promised billions in grants to semiconductor chip manufacturers to boost American production of computer chips.

Intel, which was promised $8.5 billion in grants, stands to benefit the most from the CHIPS Act. The company is in the process of building a $20 manufacturing facility in Licking County, Ohio. It initially planned to start production in 2025.

But the project’s timeline has slowed down.

Intel CEO Pat Gelsinger in a recent interview with Yahoo Finance that he expects to finish the projects, but said the company hasn‘t seen any CHIPS Act funding yet. The company has also seen its stock drop throughout 2024 and had to lay off 15% of its workforce.

“It’s well over two years since the [CHIPS] Act passed, and over that period, I’ve invested $30 billion in …

Watch/Read More

Tags Grants For Startups, Small Business, Small Business Funding, Small Business Grants

Most Popular Posts Today

Small Business Funding

East Tennessee home lender accused of predatory lending [Video]

Post author By Curator
Post date November 14, 2024

The lawsuit claims Vanderbilt Mortgage & Finance manipulated lending standards when borrowers didn't make sufficient income. The company has denied any wrongdoing.

Tags Business Funding, Business Loans, Funding, Working Capital

Small Business Funding

New Year's Resolution Bootstrap a Startup with a Paycheck and 1Mby1M [Video]

Post author By Curator
Post date November 14, 2024

We are in 2025. Hundreds of thousands of tech businesses have already been built successfully. Let's learn from those who have come before us. Girish Navani started eClinicalWorks, a healthcare IT venture by bootstrapping with a paycheck. Girish scaled to over $500M in revenue. Since 2006, I have spent thousands of hours interviewing successful entrepreneurs. Listening. Asking questions. Understanding. Extrapolating. Learning about their mistakes. Capturing their lessons from the trenches. I encapsulated their anecdotal knowledge into Methodology. I have been running One Million by One Million (1Mby1M) since 2010. Our unwavering mission has been to democratize entrepreneurship education, incubation and acceleration. What is Core Startup Methodology? Bootstrapping. Positioning. Market Sizing. Customer Validation. Customer Acquisition. Financing. Team Building. We have to learn Domain Specific nuances. We call them Electives. Artificial Intelligence. Machine