ALBANY, NY -- Thursday morning the Lt. Governor was on stage at the College of Nanoscale Science and Engineering thanking GlobalFoundries CEO for investing more dollars in the region.
Lt. Governor Bob Duffy says GlobalFoundries has already made a huge impact on the region and they are on track for a new Technology Development Center to be built by 2014 with a new $2 billion investment.
The TDC would expand upon the Fab 8 campus in Malta. Duffy said the end result is 1,000 new high paying jobs in the facility and a revalitized economy in the Capital Region.
"This is all a part of the Govorner's plan to remake the economy in upstate New York," said Duffy.
Also as a part of the economic plan for upstate New York are proposals for casinos, an aggressive marketing campaign to push upstate products like cheese and greek yogurt, and promote more tourism, all things mentioned during the Govorner's State of the State address Wednesday afternoon.
"Part of his message in the State of the State really comes down to what we're talking about here," said Duffy.
Ajit Manocha, GlobalFoundries CEO said,"This approach we started in New York because of the vision in the state of New York by Governor Cuomo; To bring businesses to New York and New York needs businesses."
The state is banking on GlobalFoundries' new investments to have a lasting impact on the economy as more jobs are created, and the company helps the Capital Region and the state develop and build in the tech sector.
"I just marvel at this place," said Duffy. "Go up to Malta, business is growing, come around here things are sprouting."
GlobalFoundries even hinted that the Fab 8 campus could expand. "We've talked about a big expansion but today let's focus on TDC," said Manocha.
Construction of the TDC is planned to begin in early 2013 with completion targeted for late 2014.
Local News <a href="http://www.wten.com/category/173731/-local-news">More>></a>Local NewsMore>>
GLENS FALLS, N.Y. – The Adirondack Phantoms played their last ever home game at the Glens Falls Civic Center Friday night. The Phantoms sold out the arena for the fifth time this season. For many, itMore >>
The Adirondack Phantoms played their last ever home game at the Glens Falls Civic Center Friday night.More >>
SARATOGA COUNTY – The Saratoga County Sheriff has confirmed a single car accident in the area that left no survivors. He says the vehicle hit a tree, but will not confirm at this time how many peopleMore >>
A fatal single car accident in the area Burgoyne Road between Hayes Road and DeGarmo Road is under investigation. More >>
CHESTERTOWN, N.Y. – A Brant Lake teen is under arrest after police say he impersonated an officer. The Warren County Sheriff's Office arrested Tyler Eves, 18, for Criminal Impersonation. On April 12,More >>
A Brant Lake teen is under arrest after police say he impersonated an officer.More >>
ALBANY, N.Y. – The Albany Police Department is currently investigating a shooting. Officers responded to a report of an assault around 11:30 p.m. Thursday in the area of Garden Street and Raymo Street.More >>
The Albany Police Department is currently investigating a shooting.More >>
ALBANY, N.Y. – Officials say Jesse Sawyer Jr. is scheduled to appear in federal court on Friday in Albany. Sawyer, 25, has been in police custody in Florida since the end of March. The Troy man is accusedMore >>
Jesse Sawyer Jr. appeared in federal court on Friday in Albany. More >>
HUDSON, N.Y.—State Police arrested a Youth Safe Center employee after an investigation that took place in March. Sheldon Ridley, 32, of Hudson had allegedly been sexually abusing a female resident at theMore >>
State Police arrested a Youth Safe Center employee after an investigation that took place in March.More >>
SCHENECTADY, N.Y.—The search for a missing woman with symptoms of dementia has come to an end after police confirm she has been located. Wilma Trotter, 60, was missing for over a week before she was located.More >>
The search for a missing woman with symptoms of dementia has come to an end after police confirm she has been found alive. More >>
ALBANY, N.Y.—Two Albany men were arrested on counterfeiting charges after a seven month long investigation. During a traffic stop on Wednesday, April 16, investigators were conducting surveillance on twoMore >>
Two Albany men were arrested on counterfeiting charges after a seven month long investigation.More >>
ALBANY, N.Y.—The Capital District Transportation Authority (CDTA) and Music Mobile have teamed up to further awareness of CDTA's bus safety program. Capital District Region kids created posters with theMore >>
The Capital District Transportation Authority (CDTA) and Music Mobile have teamed up to further awareness of CDTA's bus safety program.More >>