Syracuse, N.Y. — Micron Technology announced today that it will deposit up to $250 million in retirement accounts for children born in U.S. communities where Micron operates.
That includes a one-time $250 deposit for every child under the age of 18 who lives in Onondaga, Madison, Cortland, Cayuga and Oswego counties and who has an established account. About 158,000 children live in those five counties.
If all parents in those five counties opened accounts for their children, Micron would deposit nearly $40 million in Central New York. It’s more likely that 30% to 45% of children would be signed up, said Rosita Najmi, Micron’s head of global social impact and community engagement…