Federal authorities are giving up to $75 million in federal tax dollars to a private company to help Georgia semiconductor manufacturing.
The money, part of the roughly $54 billion CHIPS Act of 2022, will go to Absolics, a subsidiary of South Korea’s SKC, to support the construction of a 120,000-square-foot facility in Covington. Officials said the project should create roughly 1,200 manufacturing and construction jobs.
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The federal government has awarded a $1.2 million grant to a three-county planning council in the Charleston area to study transit-oriented development tied to a bus rapid transit line slated to open in five years.
The Berkeley-Charleston-Dorchester Council of Governments will use the federal tax dollars for the third phase of a TOD study. The study will focus on implementing affordable housing strategies along the proposed 21.3-mile-long Lowcountry Rapid Transit line.
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