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Subcommittee reviews $25 million request to site NatCast design facility in Sunnyvale
Summary
GO‑Biz presented a $25 million reimbursement proposal for NatCast to build a design and collaboration facility for the National Semiconductor Technology Center in Sunnyvale; LAO and others raised concerns about federal funding dependence and state budget tradeoffs.
Derek Kirk of GO‑Biz told the subcommittee the governor's budget includes $25,000,000 to reimburse NatCast — the nonprofit operator of the National Semiconductor Technology Center — for capital expenditures for a design and collaboration facility to be located in Sunnyvale.
Kirk said the state would require NatCast to front the capital costs and submit requests for reimbursement up to $25,000,000. He said GO‑Biz has coordinated with the Department of Commerce, UC Office of the President and other partners on site…
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