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Vemuri said new fabrication plants promise to attract related industries, creating a ripple effect across Ohio's tech sector.

From our perspective, this is truly a dream come true, Vemuri said. There is nothing like this in Ohio or anywhere else in the Midwest.

UC has deep ties to Intel and other tech companies. Many students across UC's colleges work in high-tech jobs after graduation, Vemuri said.

About 50 of his 130 graduate students over the years launched their tech careers at Intel, he said.

We have a very strong relationship with Intel through our former graduate students. And we're looking to further strengthen that relationship, Vemuri told WVXU.

This is not the Rust Belt anymore, Vemuri said. This could be the Silicon Belt.

Jha said high-profile tech companies could establish a new presence near the Intel plants to support its future needs.

This represents an awesome opportunity for Ohio and a tremendous opportunity for growth in terms of bringing other companies to the region, Jha said.

Ohio has promised tax incentives of as much as $2 billion, according to the Columbus Dispatch. But Jones said Intel's new plants are expected to draw private investment and employment that will generate new tax revenue, which is why Ohio competed so hard with other states to get Intel's business.

This is like the Joey Votto of investments they're swinging big, Jones said.

Listen to the Cincinnati Edition interview.

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Cincinnati Edition: What will Intel's plant mean for Ohio? - University of Cincinnati