As work continues on a multibillion-dollar semiconductor plant in Coffey County, the company is receiving a multimillion-dollar loan from the federal government.
The US Department of Agriculture is providing $2 million in funding to Secure Semiconductor Manufacturing LLC. The money will go to furnishings, equipment, supplies, working capital and other expenses for the company’s manufacturing plant north of Burlington. USDA says this particular project may create 30 jobs as part of a high-tech cluster adding 1,200 jobs to the state.
SSM is a microelectronics producer and will supply semiconductor components for EMP Shield, based in Burlington, and other semiconductor producers across the country. SSM is also planning to offer rapid prototypes for other manufactures, both for private-sector businesses and the US Department of Defense.
Funding comes through the USDA’s Rural Development program.
