The Daily Gazette
The Locally Owned Voice of the Capital Region
Advertisement
Promotions

Incentives to grow

GlobalFoundries seeking new tax breaks

Sales tax exemptions could total $400 million

Global Foundries' Fab 8 complex in the Luther Forest Technology Park is seen from the air in January 2013.
Global Foundries' Fab 8 complex in the Luther Forest Technology Park is seen from the air in January 2013.
  • FACEBOOK
  • TWITTER
  • GOOGLE+
  • LINKEDIN
  • PRINT
  • E-MAIL
Text Size: A | A

GlobalFoundries wants sales tax breaks potentially worth nearly $400 million for its new technology research center and a possible second computer chip factory at its Fab 8 campus. The company on Thursday applied to the Saratoga County Industrial Development Agency for tax incentives on both projects. New cost estimates released in the applications would bring GlobalFoundries’ total investment at Fab 8 to around $24 billion by 2020. The IDA’s financial inducements are necessary to get ...


You Must Log-In or Subscribe to Continue Subscription Offer Individual stories can be found and purchased from our Archives for $2.00

Advertisement

comments

There are currently no posts. Be the first to comment on this story.
Advertisement