Malta Approves GloFo Changes

By Harold Wessell

MALTA AND STILLWATER, August 20 – Longtime Malta Supervisor David Meager touted his Town so often as "The Center of the Universe," that the subtitle became common parlance. If he were in office today, he might well be laying claim to the End of the Rainbow as well, for his Town and its co-host to the Luther Forest Technology Campus, the Town of Stillwater.

The Malta board on Monday approved a potential major turning point in the fortunes of GlobalFoundries – and of the Towns – granting zoning amendments to the company that clear the way for a Fab 8.2 – whose physical size... including clean room almost twice the seize... price tag size, at $14.7 billion.. and expected boost to employment at the tech campus would easily eclipse that generated by Fab 8.1 – sending employment soaring to about 6,700 by 2020.

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First Round of GloFo- Stillwater Foundation – By Harold Wessell


Two large "checks" were displayed at the front of the Stillwater Town Board chamber at a special meeting on this day.

One, explained Supervisor Edward Kinowski, was for $1 million, which had been received from GlobalFoundries.  "And thank God for GlobalFoundries as far as I'm concerned. They've done amazing things for our Town, by the money they've provided; and by the jobs and everything they've provided for Saratoga County, and our area."

The check to the right was the subject of the evening's meeting: for $242,482, the total amount of 27 grants awarded by the Stillwater-GlobalFoundries Foundation, inaugurated about two years ago. This was the first disbursement of grants by the Foundation.

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