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What you need to know for 12/14/2017

Semiconductor group, economic developer team up

Semiconductor group, economic developer team up

Saratoga County Prosperity Partnership, Global Semiconductor Alliance seek to boost area's tech sector
Semiconductor group, economic developer team up
Photographer: Shutterstock

MALTA — Saratoga County’s economic development agency on Thursday announced a collaboration to boost the region's technology economy.

The agreement between the Saratoga County Prosperity Partnership and the Global Semiconductor Alliance is designed to boost high-tech business attraction and growth in Saratoga County while creating a hub for semiconductor outreach, advocacy and education in the Northeast.

The collaboration enables the Prosperity Partnership to promote Saratoga County to GSA members as a destination for high-tech businesses. Potential sites will include the Prosperity Partnership’s Next Wave Center, now in development. The Next Wave Center will provide short-term flex space as a landing pad for companies working with GlobalFoundries and serve as a launch pad for those firms to grow business relationships in the region. 

GSA represents more than 400 member companies in 35 countries that combine for more than 75 percent of industry revenues. It will have an office at the Next Wave Center.

The Partnership and the GSA will jointly present the first-ever Northeast Semiconductor Symposium, likely next fall. They plan to stage forums and seminars that showcase the semiconductor industry’s impact, and address issues and topics critical to positioning the industry for further growth.

The partnership is Saratoga County’s designated economic development agency.

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