CEG Economic Development Week in Review – December 31, 2018 – January 4, 2019
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CEG IN THE NEWS
REGIONAL ECONOMIC DEVELOPMENT NEWS
“GlobalFoundries’ Fab 8 computer chip factory in Saratoga Springs may have laid off hundreds of workers recently in an attempt to cut costs, but revenues were way up in 2018.
Ron Sampson, the general manager of Fab 8, told the Albany Business Review for a story that ran on Dec. 28 that revenues were up 33 percent compared to 2017.”
“Diversified Automotive, which moves new cars from the Selkirk rail yard and delivers them to car dealers, is planning to build a new truck repair facility for its drivers on Creble Road in Selkirk.
Plans have been submitted to the town of Bethlehem that show the 35,000-square-foot facility would have 17 bedrooms for drivers to stay overnight.”
“With the help of two recently announced state grants, totaling nearly $1.7 million, the Saratoga Performing Arts Center will enhance its facilities and let tourists know about its world-class entertainment offerings.
The grants — designated for a multimedia marketing campaign, improvements to concession areas and additional education space — fall under Gov. Andrew Cuomo’s Regional Economic Development Council Initiative for economic and community development.”
“Bestpass said Thursday its toll-payment transponders are now in more than 500,000 trucks.
The devices is like an E-ZPass, but for commercial fleets rather than individual drivers. The Colonie firm handles billing for nearly 6,000 client companies, saving them time and money at toll barriers nationwide.”