Global Foundries - Helping NY's Tech Valley Grow

By
Real Estate Agent with Jean Singleton - Ron DiDonna Real Estate & Appraisal

According to an article in last week's Business Review - One of Tech Valley's anchor companies, Global Foundries in Malta, NY has begun installing some of the billion's of dollars of equipment necessary to eventually hire nearly 1,400 full-time employees by the end of 2013.

This is no small thing.  The building project, which already covers an area the size of 6 football fields, is one of the largest construction projects in the entire country, right now.  And if the State has it's way - there may be another plant in the future.

Tech Valley is a large part of the reason Upstate NY is still, relatively speaking, holding it's own in this economy.  The Tech Valley covers an area of 19 counties, including the Malta, NY Saratoga County home of the Global Foundries Chip plant.  Tech Valley has already been responsible for several firms moving to this area, and the hope is that many more will follow.

The evidence of this area's efforts to get ready for the new level of industry planned is evident almost everywhere you look - especially in areas like Saratoga County and it's outerlying towns and villages.  Road re-routing has been progressing for several years.  The bane of my motoring existence - traffic circles - have been sprouting up at regular intervals in the area's roadways. Housing developments are plentiful.

There is a stir in the air, here.  One that isn't happening just anywhere, these days.  Obviously, none of us knows how big it will all get - how much it will transform our local economy. Still - it's nice to be a part of it all, as we watch and see. 

 

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Rainmaker
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Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Jean, I hope the development in your area will provide you opportunity to help some buyers for homes. 

Jul 21, 2011 10:54 PM #1
Rainmaker
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Charles McDonald
Charlottesville Real Estate Solutions - Charlottesville, VA
REALTOR®, Blogger, Principal Broker®, Owner

Just wanted to welcome you to Active Rain

Best of luck to you

your friend in Charlottesville

Jul 24, 2011 07:49 PM #2
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Lynn B. Friedman
- - - Concierge Real Estate Services for YOU - - - Providing SERVICE for Sellers & Buyers is our BUSINESS - Atlanta, GA
REALTOR ATL BuckheadMidtownWestside 404.939.2727

Dear Jean-

What are the pictures showing?

Thanks -
Lynn

Jul 24, 2011 10:42 PM #3
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - San Jose Probate Agent

Jean, Hiring 1,400 full-time employees by the end of 2013 is a good sign.  It is clearly a step in a positive direction.

Jul 25, 2011 12:12 AM #4
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Jean Singleton
Jean Singleton - Ron DiDonna Real Estate & Appraisal - Malta, NY
Specializing in Your Special Needs

Kathleen - It is a good sign!

Lynn - Not sure which pictures you mean?

Kwee - Thank you!

Charles - Thank you!

Jul 26, 2011 11:15 AM #5
Rainmaker
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Jean Singleton
Jean Singleton - Ron DiDonna Real Estate & Appraisal - Malta, NY
Specializing in Your Special Needs

Lynn - if you mean the pics surrounding my blog - they are the sunroom and kitchen of a great listing in Glenville, NY! - 1014 Cheyenne Road.

Jul 26, 2011 11:16 AM #6
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Jean Singleton

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