Chicago area-based NHanced Semiconductors plans to invest $152 million in Monroe County to create 250 jobs with annual salaries averaging about $100,000.

Combined with other planned investments by Indiana University and businesses near Crane, local officials hope Monroe County and Bloomington can play a critical role in securing some of the more than $50 billion the U.S. government is making available to help bring semiconductor production back to the U.S. to bolster the domestic economy and national security.

NHanced Semiconductors President Bob Patti said jobs projections for the Bloomington facility, at 301 N. Curry Pike, which the company plans to lease from Cook Group, are conservative and he expects the plant to have closer to 400 employees by 2029.

In addition, Patti said NHanced is talking with many other companies that have expressed an interest in operating in the local facility.

“It’s not inconceivable that this site will eventually host as many as 1,000 high-tech jobs,” he told the Monroe County Council last week.
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