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New Jersey’s Premier Destination
GLOBALFOUNDRIES Building $4.2-Billion Microchip Plant in Malta, NY Luther Forest Technology Campus Economic Development Corporation (LFTC) and GLOBALFOUNDRIES held their official groundbreaking last month in Malta, NY for the construction of a $4.2-billion microchip fabrication plant, called Fab 2, marking the beginning of construction of what is planned as the most advanced chip fabrication plant in the world. The project, located in Saratoga County, NY, is expected to create 1,400 high-tech jobs in the region. LFTC is actively seeking additional tenants for the remaining nine development areas. In addition to almost a decade of planning, by economic development entities and state and local government leaders, public-private partnerships have contributed to the success of LFTC. The state of New York has contributed up to $1.2 billion in incentives toward the GLOBALFOUNDRIES project. “The groundbreaking is proof that GLOBALFOUNDRIES is officially a part of Luther Forest Technology Campus and will bring positive benefits to Saratoga County,” said Michael Relyea, president of Luther Forest Technology Campus. “As one of the largest economic development projects in the country, it is monumental in moving the region toward a brighter economic future. This investment in the global economy shows Luther Forest Technology Campus as a model for the nation.” The GLOBALFOUNDRIES project is slated to employee around 1,600 construction workers over the next two to three years plus an additional 2,700 workers for local construction-related jobs. In addition, the fab will create more than 1,400 high-tech jobs with an estimated annual payroll of $88 million once production begins, as well as around 5,000 indirect jobs in the region. The total estimated annual payroll for all jobs is $290 million. “Luther Forest Technology Campus offers an outstanding business environment while Saratoga County and the Capital Region offer an outstanding high quality of living including stellar public education, at the base of the Adirondacks,” said Dennis Brobston, president of Saratoga Economic Development Corporation. The build out of the campus is expected to lead to future growth for Tech Valley, as additional companies move to the area. LFTC is shovel-ready, featuring flexible lot sizes of up to one million square feet for the remaining development areas. The campus has access of up to 15 million gallons per day of fresh water, redundant power with 99-percent reliability, sewer lines and telecommunications. Because the soil composition absorbs vibration, the land is ideal for high-tech construction. Centrally located between New York City, Boston and Montreal, LFTC is close to an international airport, a rail system and a major port. The newly constructed […]
Figuring out how to compare locations based on their workforce is tough. This month, The Expert guides us through the process.
Rob McClintock is Director of Research of the Virginia Economic Development Partnership and state liaison for the Commonwealth Center for Advanced Manufacturing, a $50-million collaboration between the Commonwealth, the University of Virginia and Virginia Tech. BF: How quickly will the CCAM be up and running, and where will it be located? RM: CCAM will be located on a 10-acre site near the southern entrance to the 1,000-acre Rolls-Royce Crosspointe manufacturing campus in the Richmond-Petersburg metro area. The facility, to be owned by the University of Virginia Foundation, will be a not-for-profit organization. We anticipate construction beginning in the 4th quarter of 2010, with occupancy early in 2012. BF: CCAM is geared to support Rolls Royce through a new Commonwealth Center for Aerospace Propulsion Systems. Will this academic/industrial collaboration be applied to other sectors? RM: We absolutely view CCAM as a vehicle to help drive broad-based collaboration between industry and academia for the discovery of new manufacturing technologies. CCAM will have an initial research emphasis on surface engineering and manufacturing systems. We anticipate CCAM will add to the growing body of knowledge into advanced manufacturing capability across a wide range of industry sectors. The key is to create an environment of non-competitive collaboration, whereby all members can share in discovery and testing of new manufacturing processes. We have had several other aerospace companies, defense-related manufacturers, manufacturing systems firms, and energy-related companies embrace the concept. The founding members also will reach out to other governmental research institutions and universities to broaden the membership of the Center. BF: Is the CCAM empowered to commercialize new technologies? RM: Members of CCAM can have the best of both worlds. The CCAM Board will set the core research program undertaken annually by the Center, but members can participate in shared research which can produce intellectual property. Members would receive royalty free, non-exclusive licenses to that shared research as long as they remain members. Additionally, Center members could undertake very company-specific research projects, in which case the member could receive royalty free, exclusive licenses to that research. BF: Has Virginia made a long-term commitment to the CCAM? RM: We believe the future belongs to those who can find ways to bring innovation from the research labs to the production line. We took a similar view with our SRI collaboration with James Madison University to accelerate new drug and vaccine discoveries. We are very hopeful that CCAM provides a useful template that brings the expertise of Virginia’s world-class universities directly to bear on the needs of industry. If […]
From the Desk of the Editor in Chief
The city of Paterson, New Jersey, has had its ups and downs in the past 217 years. The upward curve began in 1792, when Alexander Hamilton came upon a spectacular 77-foot-high waterfall in the middle of northern New Jersey and decided it would be the perfect place to create a water-powered factory town that could serve as the linchpin in his plan to build the economy of the United States around manufacturing and banking. Hamilton founded Paterson, which became the first industrial city in the U.S. The heart, and engine, of early Paterson was its mighty waterfall. Always known to locals simply as the Great Falls, this wonder of nature was created by a sharp bend in the Passaic River, a modest and meandering waterway that snakes its way through northern NJ and empties into Newark Bay. The bend is so sharp that it is easy to travel past the Great Falls at a close distance without even realizing it is there. Unless, of course, it has been raining recently. Then you hear it, and it sounds like a combination of thunder and an express train. This is because the Great Falls is second only to Niagara Falls as the largest waterfall in the northeastern United States. The man who created the U.S. Treasury designated Paterson as the nation’s first big infrastructure project, enlisting Pierre Charles L’Enfant—who went on to become the master designer of Washington, DC—to build a system of waterways to bring water from the Falls to factory sites. Soon some large 19th-century manufacturers, including Rogers Locomotive Works and the Colt gun factory, set up shop in red-brick buildings near the Falls. It also was in the 1800s that a huge textile industry took root in Paterson, giving it the moniker ”Silk City” as it became one of the largest producers of silk in the world. But, beginning in the 1950s, Paterson began a descent from prosperity from which it still has not completely recovered. Like many other urban centers in America, the middle class fled, taking the tax base with them and leaving behind a broken infrastructure, a dearth of jobs, and poverty. Paterson, once the proudest hub of northern New Jersey, was hit harder than most. It had the dubious distinction of being cited as one of the five poorest cities in America. The area around the Great Falls became a desolate landscape of crumbling red buildings and empty streets, its historic legacy hidden beneath layers of grime and neglect. The power plant that had been […]