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Celebrating 10 Years of Success Growing Saratoga County's Economy

Celebrating 10 Years of Success Growing Saratoga County's Economy

Want to know the real story of Fab 8's impact in Saratoga County and the region? Check out this GLOBALFOUNDRIES'  Fab 8 Fact Sheet. 

1.   Located in the Luther Forest Technology Park in both the Towns of Malta & Stillwater on approximately 299.42+/- acres;

2.   Currently considered among the largest semi-conductor manufacturing facilities, performing the most advanced research, development and manufacturing of semi-conductors in the world. The FAB 8 site represents approximately $15B in private and public investment in Saratoga County;

3.   The GLOBALFOUNDRIES investment in Saratoga County has met or exceeded every benchmark and threshold (the creation of new jobs & capital expenditures) required under the terms/conditions of the New York State investment/incentive grant approved by the State Legislature in 2006.  In 2014/2015, the average construction “burn rate” (expense), at the height of our construction, was approximately $4M per day;

4.   At the end of June 2019, GLOBALFOUNDRIES employed 3,021 full-time employees in addition to approximately 250 contingent employees at Fab 8 and 1,372 full-time employees at other GLOBALFOUNDRIES locations in NYS;  Total # GLOBALFOUNDRIES employees in NYS, 4,393;

5.  With our Gross Payroll in 2018, GLOBALFOUNDRIES added approximately $379M  to the Saratoga County and Capital Region economy with a full-time GLOBALFOUNDRIES employee earning on average $97,619.00 in annual salary.  The induced/indirect impact of GLOBALFOUNDRIES in New York’s Capital Region has created and exceeded 17,000 new jobs as of 2015*;

6.  The FAB 8 complex in Malta & Stillwater consists of approximately 2.9M square feet of building space including 450K S.F. of clean-room and clean “space” (the approximate size of 6 football fields);

7.  Over 71 countries have employees in the GLOBALFOUNDRIES family; 51 countries are represented at the FAB 8 site;

8.  Approximately 65% of our employees are from New York State and 66% of them live in Saratoga County; 90% of our employees at Fab 8 were hired from inside the U.S.  GLOBALFOUNDRIES focuses on both local hiring and Military Veteran Hiring. Approximately 7% of our Fab 8 work force are Military Veterans.   In 2019 to date, 517 new hires have joined the GLOBALFOUNDRIES family at Fab 8;
*PARTNERING TO GROW THE NY NANO-CLUSTER: Georgetown University, May 1, 2018;  Dr. Charles W. Wessner & Thomas R. Howell.

9.  Since 2011, GLOBALFOUNDRIES has paid over $102M dollars in County, Town and School Taxes and was responsible in 2018 for approximately 15% of the school tax levy and 16% of the average annual cost to educate 1 (Gen. Ed.) student in the Ballston Spa School District and 18% of the school tax levy and 19 % of the average annual cost to educate 1 (Gen. Ed.) student in the Stillwater School District.

10.  GLOBALFOUNDRIES has invested $5 million in the communities of Malta & Stillwater; creating two non-profit charitable foundations and investing $1.1 million to develop and construct 3-Season Recreation Fields located in the Luther Forest Technology Park.  The foundations have supported more than 370 community based organizations with a total cumulative award of approximately $1.4M in grants so far in addition to funding a $1,000.00 Annual STEM Scholarship to a qualified High School Senior in the Stillwater School District.

11.  Our Fab 8 site consumes approximately 4.0 mg of water per day purchased from the Saratoga County Water Authority and Saratoga Water Services; approximately 474,000 cubic feet or 4,741.3 therms of Natural Gas per hour and 120 megawatts of power both purchased from National Grid.

12.  The GLOBALFOUNDRIES Fab 8 Campus in Saratoga County is a designated U.S. Homeland Security Site.  It is not accessible to the public without advance registration and satisfaction of Homeland Security and GLOBALFOUNDRIES Security Protocols;

13.  GLOBALFOUNDRIES employees at Fab 8 participated in over 100,000 hours of web-based and instructor led training in 2018.  In addition, on-the-job training for Fab 8 employees in 2018 increases these training hours by a magnitude of 3 to 4x.

14.  For the period January 1, 2018 through December 31, 2018, over 90 Fab 8 ambassadors donated more than 10,000 volunteer hours of their time, passion and expertise hosting classroom visits at K-12 schools, supporting college career fairs, and building relationships with higher education institutions throughout the Northeast.

15.   As of July 1, 2019, there are approximately 200 full-time job opportunities at Fab 8.  To apply for a position, interested parties are encouraged to visit our website at: http://www.globalfoundries.com/about/careers/opportunities-in-the-us  

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