Success Public Relations launches GlobalFoundries Effect seminar

Business leaders planning for impact of GlobalFoundries

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SARATOGA COUNTY, N.Y. -- As GlobalFoundries moves closer to full production, the local business community is preparing for an influx of people and jobs.

"The strategy is always to prepare, be ready to go with the understand of, the companies need these things - they need space, they need technology, they need workforce," said Dennis Brobston, President of the Saratoga Economic Development Corporation. "So if we don't talk about these things, we won't have it when we're ready."

Wednesday in Clifton Park, area business leaders participated in an economic summit aimed at taking advantage of the anticipated growth.

"I think it is an envious position, but we have no business resting on our laurels," said David Rooney, Senior Vice President of the Center for Economic Growth. "We've got real opportunities here that we need to be able to continue to build upon for our current residents and for residents that want to come to this area in the future."

"Companies want to see a growth process," Brobston said. "They want to see that you are prepared for them and that's how we market and sell what we have, because we're ready. And that's what you have to do."

While no one knows exactly what effect GlobalFoundries will have - it's estimated the multi-billion dollar manufacturing facility will create upwards of 1,600 direct jobs and another 8,000 indirect jobs.

"It is going to have an impact on the community," said Travis Bullard, spokesperson for GlobalFoundries. "Hopefully many more positive impacts than negative, but it's important for everybody to understand what the project is all about and what it might mean for their piece of the region."

GlobalFoundries expects to ramp up to full-volume production at the end of this year.