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Panel splits over $25 million state incentive for NatCast design facility; LAO urges caution over federal reliance
Summary
The administration asked the committee for $25 million to support NatCast's design and collaboration facility for the National Semiconductor Technology Center in the Bay Area; LAO raised concerns about federal funding reliance and proposed alternatives that tie state reimbursements to capital spending thresholds.
The committee considered a governor's proposal to provide $25 million in state reimbursement authority to the nonprofit NatCast to support construction of a design and collaboration facility affiliated with the National Semiconductor Technology Center.
Derek Kirk of GoBiz said the allocation would help California win federal research and development dollars and support the semiconductor and microelectronics sector. Department of Finance…
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