Is GlobalFoundries worth the billion-dollar investment?

Posted on January 13, 2012 by

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At a recent job fair in Saratoga County, many people hoping to land a job at GlobalFoundries waited outside in the cold for an hour or more.

Marie Cusick, ALBANY

New York gave away an unprecedented incentive package–over a billion dollars–to lure the computer chip manufacturer, GlobalFoundries to set up shop outside Albany.  And now that the massive economic development project is finally up and running, people are lining up for jobs. Governor Cuomo says he wants to use more state incentives to replicate the Capital Region’s tech cluster elsewhere. Marie Cusick reports for the Innovation Trail.

At the most recent career fair for GlobalFoundries in Saratoga County, the line of people hoping for a job spilled out the door and around the block.

Nearly 1,500 applicants turned out for 300 open positions at the company’s new plant, which is known as Fab 8.

Like many of the applicants, Evelyn O’Brien waited for over an hour to get in front of one of the company’s representatives.

“I just lost a job at a local coffee shop – because they didn’t want to give me health insurance,” says O’Brien.

Read and hear more on line at InnovationTrail.org.

PHOTO: Marie Cusick / InnovationTrail.org
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