An AMD study estimated that the factory will create a $290 million annual payroll, including the ancillary jobs the plant's presence will create. An additional $210 million worth of construction jobs is expected for the roughly three years it takes to build the plant.
Though payroll is not the only factor, it would take around 40 years for the factory to make the $12 billion, 20-to-1 return to the community through salaries alone. It is not clear what sort of timetable, if any, the program's participants will be held to.
AMD representatives were not immediately available to comment on potential changes to the Empire Zone program.
The Town of Malta recently finalized a development agreement that serves to accept millions in host community benefit money from AMD. The town will receive $4 million over the course of the next several years, until the plant becomes operational sometime in 2012.
Of that amount, $1 million is earmarked for the creation of ballfields at the Luther Forest Technology Campus, where the facility is to be located. The remaining funds will be places in a trust fund to grow and provide for community improvements. The Town of Stillwater, where future buildings may be placed, is set to receive $1 million. Stillwater recently granted zoning approval to the project, removing the final legal hurdle before a site plan could be drawn up.
The development agreement also stipulates that a liaison between chipmaker and town be established for the construction process.""