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GloFo project means more growth

GlobalFoundries

GlobalFoundries

— "The expansion of GlobalFoundries is great news for Malta, Saratoga County and the Capital Region,” said Sausville. “The additional 1,000 jobs projected once the expansion is complete are high-tech, 21st century jobs, the very kind that will hold our children and grandchildren to our home town."

Gov. Andrew Cuomo also weighed in on the announcement. Though the original GlobalFoundries project in Malta was built along with hundreds of millions in state cash and tax breaks, the new project will not receive public backing.

“This significant expansion demonstrates that the investments we have made in nanotechnology research across New York State are producing the intended return— the creation of high-paying jobs and generation of economic growth that is essential to rebuilding our state,” Cuomo said in a statement. “New York has become the world's hub for advanced semiconductor research and now, the Technology Development Center will further help ensure the innovations developed in New York, in collaboration with our research institutions, are manufactured in New York.”

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