Intel has become the latest target for Good Jobs First, which questions why the chipmaker continues to receive tax breaks from key states, long after setting up shop there, and laying off thousands of workers in those regions. The non-profit organization, which promotes accountability in economic development, says the chipmaker promised billions of dollars in investment and thousands of high-tech jobs for the areas surrounding its manufacturing plants in Hillsboro, Oregon, and Rio Rancho, New Mexico. Its report, The Bleeding Edge: How the Public Pays the Costs of Intel’s Semiconductor Manufacturing , claims that Intel’s property tax breaks cost these communities more than $1. 2 billion in lost revenue since 2015, and the brunt of the shortfall has largely fallen on schools funded by those local governments. For Oregon, Good Jobs First says that property tax abatements from Intel’s use of the Strategic Investment Program (SIP) exempted it from at least $1. 14 billion, while Hillsboro schools lost $891 million in revenue from 2017 through 2025. During the same timeframe, Intel paid Oregon $552. 4 million in fees, or less than a third of the value of its tax breaks. In New Mexico, the figures are lower, but still significant. The report puts Chipzilla’s property tax exemptions from Industrial Revenue Bonds (IRBs) at $99. 6 million in foregone revenue since 2017, while Rio Rancho’s Public Schools lost an estimated $43. 4 million over the same nine-year period. Here, the company paid $41. 6 million in required payments in lieu of taxes from 2017 through 2025, shared among affected local governments. Good Jobs First also notes that despite these subsidies, Intel was awarded billions under the CHIPS Act funding from the US federal government. However, the situation with that is somewhat complex, as the company secured an initial $7. 86 billion under the Biden administration, of which $2. 2 billion is believed to have been paid out. The incoming Trump administration, however, decided to rethink the scheme , and ended up making an $8. 9 billion deal for 10 percent of Intel’s common stock , made up of the remaining $5…