Olle told the Daily Mail that in '2018,
2019, things were starting to pick up... When Samsung was announced, I
mean, that just changed the landscape completely.'
Taylor
was established as a railroad town in 1876, and it was appropriately
named after Edward Moses Taylor, a railroad official.
The
trains that ran through Taylor were key to its growth in the town's
early years, but when the country's primary mode of transportation
switched from rail to commercial and personal vehicles, the settlement
suffered.
Evolving technology has
spelled ups and downs for the city, which is now on the rise as it
benefits from the rapidly growing demand for advanced computer chips
that power artificial intelligence and factories to create them.
In
response, several tech giants began building plants in the US. Samsung
was one of them, and it received up to $4.75 billion in federal support
to construct the semiconductor plant in Taylor.
Tia Stone, president of the Taylor Chamber of Commerce, told Daily Mail: 'Our economic development corporation (EDC) was ready.
'When
[Samsung] asked questions, other people were having to wait to get
answers, and our EDC already knew the answers. I think they’d even
already talked to landowners to see which ones would be interested in
selling. I think they did that before Samsung even called them, because
it really happened very quickly.'
Taylor
Seoul Food is an authentic Korean Restaurant in Taylor that rents its
space from the Olles in Old Taylor High. The owner is a Korean woman who
uses family recipes
Samsung has committed
to investing at least $6 billion in buildings and other real property
improvements in Taylor, and at least $11 billion in machinery and
equipment.
It has also
donated more than $3 million to the city, on top of the tens of millions
of dollars in sales tax revenue Taylor has received from the project.
'They’ve
been a great partner for our community. They've donated to our food
banks. They've donated to multiple nonprofits and our school district,'
said Stone.
Suppliers and construction
workers for the plant's construction also pumped money into the local
economy. Stone told the Daily Mail that activity has both attracted new
businesses and stimulated existing ones.
'Our
local printer who does T-shirts... he still does a lot of his stuff by
hand, and when Samsung has an order, it changes the whole way he can
operate it, because it's quantities that he's never dealt with before,'
she said.
Samsung stated that in 2024,
construction activity of the Taylor plant injected $8.6 billion into
the local economy and created 8,868 direct and 9,768 indirect
construction jobs, which is a total higher than the town's entire
population.
The company also said
operation at the site has thus far supported 3,664 jobs and pumped an
additional $184 million into the economy. The plant is expected to
directly create 1,800 high-tech jobs over the next ten years.
Delays
in construction have extended the timeline for the plant to begin
operation. It was supposed to start producing chips by the end of the
year, but that projected start date has been pushed to the end of 2026.
Yesteryear remembered: The Missouri-Pacific Railroad in Taylor, Texas, in 1935
The
CHIPS and Sciences Act, which provided billions of dollars in subsidies
for domestic semiconductor manufacturing, research and development,
incentivized Samsung to build the plant in Taylor
Tia
Stone is the president of the Taylor Chamber of Commerce. In regard to
the city's boom, she said: 'You either grow, or you die'
The
city negotiated an extension with Samsung that allowed the tech giant
more time to complete the first phase of its construction while
maintaining the tax breaks and government subsidies that drew the
company there in the first place.
City leaders said the economic stimulation and high-paying jobs the plant will create for locals are worth the wait.
Samsung
has said it is still on track to meet the 2026 deadline, but the plant
is not expected to produce the maximum number of chips it is potentially
capable of until 2028 or later.
Daniel
Seguin, the communications director for the City of Taylor, told the
Daily Mail: 'Samsung and the city of Taylor recently amended their
agreements at the request of the city to provide additional benefits to
the city of Taylor from utility providers on site, decrease inspection
costs for the city, and to clarify expectations for Samsung's
operational status.
'The new
agreements require Samsung to install and commission $2 billion worth of
equipment by the end of the 2026 calendar year.'
The Daily Mail has reached out to Samsung for comment regarding the delays.
But
Olle believes that despite the delay, the city is on the verge of a
boom. 'What I see coming is hopefully more apartment complexes and more
development like ours,' he said.
'Once
Samsung goes live, that's when we're going to see that huge growth of
Home Depots and Lowe’s and the large big box stores.
Taylor
is home to a 6,000sq ft arcade. Locals hope that the city's growth
could draw more businesses and continue to bolster existing ones
Sophia's Brocante is a home goods store popular with locals looking to decorate their houses
'You
don't really see that growth until they're active. And then all that
support business comes in, and then we're going to have those support
companies for Samsung and chip manufacturing. You're going to have a
whole bunch more businesses move in.'
Seguin
said that the city currently has, 'thousands of living units... in
various stages of development with over 900 currently under construction
and over 6,000 in their final planning stages.'
The
only caveat of the city's growth that both Olle and Stone presented to
the Daily Mail was their desire to maintain the city's 'small-town
charm.'
Some naysayers do not see the
explosive growth as a positive and wish to keep Taylor a quaint place
where everyone knows each other.
'But that ship has sailed, and now it's time to embrace it,' said Olle. Stone echoed his sentiment.
'You either grow, or you die,' she said.
But
she also made sure to add: 'We are looking at all the ways you try to
keep your charm as you grow. We are a community with an identity. We
don't tell people that we live in Austin. We tell people we live in
Taylor.'
Olle similarly said: 'My hope
is that we thread the needle, and Taylor just continues its growth
trajectory but keeps that small town feel.'
Cliff Olle said he hopes that Taylor will keep its growth trajectory while maintaining its small-town charm
Stone
said she is 'optimistic' about the city's future and that all this
economic development will revamp Taylor into a place where families can
raise children who can find work locally when they get older and stay in
the city, which was not the case for decades.
'Our
civic leaders talked about... how some of their parents had to work out
of town. That drive into Austin, 30 to 40 minutes is normal, but during
rush hours, it's much extended,' she said.
'So
it took some time away from their families, and a lot of them then
decided to leave Taylor for a while. And this idea that we're gonna give
our kids something, jobs to grow into, that's very exciting for our
community.'
1 comment:
I confess I am not 100% sure how I feel about government subsidies of private businesses, but I do think that pharmaceutical production and chip production are legit national security items and I recognize that some government assistance may be necessary to achieve the goal.
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