Intel gets tax breaks while local authorities lose revenue, claims policy org
A new report from Good Jobs First, a non-profit focused on economic development accountability, claims that Intel's decades-long tax exemptions in Hillsboro, Oregon, and Rio Rancho, New Mexico, have resulted in massive public revenue losses despite the company's initial promises of investment and job creation. In Oregon alone, property tax abatements exempted Intel from at least $1.14 billion in taxes since 2015, while Hillsboro's schools lost $891 million in revenue from 2017 through 2025—Intel paid just $552.4 million in fees over the same period. New Mexico's figures are smaller but still substantial, with $99.6 million in foregone tax revenue and Rio Rancho schools losing $43.4 million.
Key points
- Intel's tax breaks cost Oregon and New Mexico communities $1.2 billion+ since 2015
- Hillsboro schools lost $891 million in revenue while Intel paid less than one-third that in fees
- Report highlights conflict between corporate incentives and local public funding needs
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