By Paul Post<\/p>\n
Saratoga Economic Development Corp. continued to play a huge role in facilitating major capital investment, leading to thousands of new jobs throughout the area during the past year.<\/p>\n
One of the most notable achievements is Regeneron pharmaceutical company\u2019s $2 billion plan to transform the former 1 million-square-foot Quad\/Graphics facility in Grande Industrial Park into a large manufacturing site.<\/p>\n
Plans call for 1,000 full-time jobs and 500 temporary construction jobs over the next five years.<\/p>\n
Other capital projects include, but are not limited to:<\/p>\n
\u00b7 The $48.5 million Coca-Cola investment in Halfmoon, retaining 127 full-time jobs while creating 11 new jobs and 95 temporary construction jobs.<\/p>\n
\u00b7 The $166 million 146 Marketplace investment in Halfmoon, the largest mixed-use project of 2025, calling for a blend of commercial, retail and residential uses with the potential for 385 professional, skilled and semiskilled new full-time jobs and 250 temporary construction jobs.<\/p>\n
\u00b7 In Wilton, the $52 million Wilton Commons mixed-use project is one of two health care facilities enabled in the last 18 months that will address the unmet health care needs of residents in northern Saratoga, southern Warren, Washington, eastern Montgomery and Fulton counties. It is also creating 127 residential units that address much-needed workforce housing.<\/p>\n
\u00b7 In addition, substantial investments in distribution, logistics, warehousing and workforce housing projects have been made in Clifton Park and Stillwater.<\/p>\n
<\/span><\/span><\/strong><\/span><\/b>\u201cSEDC is focused on a number of economic sectors for new capital investment,\u201d said Greg Connors, the entity\u2019s president.<\/p>\n These fields include, but are not limited to, 21st-century advanced manufacturing, advanced manufacturing supply chain, life sciences, agriculture and equine, light industrial, distribution\/logistics\/warehousing, and more traditional manufacturing, commercial and health care, as well as arts, tourism and recreation.<\/p>\n \u201cThe locations are throughout Saratoga County where the necessary infrastructure such as water, wastewater, energy and transportation exists or is easily extended and provided,\u201d Connors said. \u201cSaratoga County is a great place to live, work, play and make one\u2019s next capital investment. We are open to informing, educating, and enabling all forms of investment opportunities.\u201d<\/p>\n \u201cIn SEDC\u2019s view, the Capital Region has a robust cross-section of both traditional and what some may consider non-traditional capital investment opportunities,\u201d he said.<\/p>\n SEDC, of course, played a major role in GlobalFoundries\u2019 decision to locate in Saratoga County, and it is heavily involved with the company\u2019s ongoing expansion plans, including another $12 billion chip manufacturing plant that would create 1,000 full-time jobs and thousands of construction jobs when work begins.<\/p>\n The project is supported financially by the federal CHIPS and Science Act as well as state Green CHIPS legislation.<\/p>\n \u201cTheir decision when that expansion will take place remains consistent with their public statements on this topic to date,\u201d Connors said. \u201cIt is important to note that GlobalFoundries U.S. continues to make substantial investment in their Fab 8 corporate headquarters in Saratoga County. The relocation of their packaging operations from Dresden, Germany, to Saratoga County and the new investments to upgrade their sophisticated tooling have been ongoing over the last 18 months. So their investment in Saratoga County and the Capital Region has been a continuous work in progress.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" By Paul Post Saratoga Economic Development Corp. continued to play a huge role in facilitating major capital investment, leading to thousands of new jobs throughout the area during the past year. One of the most notable achievements is Regeneron pharmaceutical company\u2019s $2 billion plan to transform the former 1 million-square-foot Quad\/Graphics facility in Grande Industrial […]<\/p>\n","protected":false},"author":89,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-38899","post","type-post","status-publish","format-standard","hentry","category-economical-development"],"yoast_head":"\r\n