2017 : Economic Dev.

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For Global Foundry's Growth Brings New Visitors and Residents

Global Foundry's Growth Brings New Visitors and Residents

The Global Foundries project brought about 2000 highly educated workers and their families to the Saratoga area. Additional families arrived with all the sub-suppliers needed by this facility. This moved the economic center of gravity in the Capitol Region well to the north. The result was many first time visitors as well as new seasonal homes and residents northward all along the I-87 corridor. North Creek and Lake George saw the biggest impacts. The plant became operational in 2012 and in full production in 2013.

Influenced Scenarios

Likelihood

Evidence

$2b Nano Utica Could Boost Southwestern ADK Park

The nano tech project in Utica will cost $2 billion and employ 2470 people.  GE is the commercial anchor.  It will develop and scale up a wide variety of new products based on new 450mm technology.

Towns like Morehouse and Ohio in the Park are within commuting distance. 
Read the new announcement here

Global Foundries Continues Growth Path

Two big expansion projects are underway, the largest construction projects in the region.  About 50% of hiring is local, 50% are people moved into the area.

Read the update here.

Global Foundries add more capacity for $2.3 billion

The semiconductor production operation is the largest in the world and needs more from the local supply chain

Read the news about their expansion here.

For Global Foundry's Growth Brings New Visitors and Residents

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