INTEL / Pro: All Israel benefits
There are many reasons to say yes: With Israel under a global public relations attack, Intel's decision to build its new, most advanced plant here is wonderful for our image.
Beyond image, there are serious economic considerations. True, $200 million can help a lot of small businesses, but most of the money will return to the Israeli economy through ta. Also, without the grant Intel would let its old technology wither and slowly lay people off.
Employing another 600 workers far from Tel Aviv is also a big deal - and the employment multiplier is also large: For every employee Intel hires, many more are hired by its supplers and contractors.
Finally, there is the question of Intel's purchasing here. Intel should be encouraged to manufacture here and not just keep its R&D in Israel.
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