South Portland, Maine’s city council this week voted to extend an annual tax break for a factory owned by Texas Instruments Inc.
TI inherited the factory last fall when it acquired National Semiconductor Corp. for $6.5 billion. The plant employs about 500 people.
The tax increment financing, or TIF, agreement was due to expire next month after the Dallas-based chipmaker received a one-year extension last summer. This week’s action extended an annual tax reimbursement of … [visit site to read more]
