According to an article in last week's Business Review - One of Tech Valley's anchor companies, Global Foundries in Malta, NY has begun installing some of the billion's of dollars of equipment necessary to eventually hire nearly 1,400 full-time employees by the end of 2013.
This is no small thing. The building project, which already covers an area the size of 6 football fields, is one of the largest construction projects in the entire country, right now. And if the State has it's way - there may be another plant in the future.
Tech Valley is a large part of the reason Upstate NY is still, relatively speaking, holding it's own in this economy. The Tech Valley covers an area of 19 counties, including the Malta, NY Saratoga County home of the Global Foundries Chip plant. Tech Valley has already been responsible for several firms moving to this area, and the hope is that many more will follow.
The evidence of this area's efforts to get ready for the new level of industry planned is evident almost everywhere you look - especially in areas like Saratoga County and it's outerlying towns and villages. Road re-routing has been progressing for several years. The bane of my motoring existence - traffic circles - have been sprouting up at regular intervals in the area's roadways. Housing developments are plentiful.
There is a stir in the air, here. One that isn't happening just anywhere, these days. Obviously, none of us knows how big it will all get - how much it will transform our local economy. Still - it's nice to be a part of it all, as we watch and see.