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Sunday, September 26, 2010

Albany Roundtable Opens 2010-2011 Season with GlobalFoundries

Travis Bullard will address luncheon on October 13

ALBANY, NY – September 27, 2010 – Travis Bullard, public affairs and communications manager for GlobalFoundries, will address the Albany Roundtable at the first luncheon of the 2010-2011 season on Wednesday, October 13.

GlobalFoundries is currently building its Fab 8 fabrication plant, or “fab,” at the Luther Forest Technology Campus in Saratoga County. Fab 8 is designed to be the world’s most advanced semiconductor manufacturing facility in the world and is currently the largest economic development project in the United States.

The Albany Roundtable luncheon meetings are open to the public and held at the historic University Club, 141 Washington Avenue at Dove Street in Albany.

The development of the Fab 8 facility at the Luther Forest Technology Campus in Saratoga County is the latest step in the rejuvenation of an area which was once known as a national leader in manufacturing and innovation. The construction project is expected to take approximately two years to complete and an additional 12 to 18 months to reach full operating mode, with manufacturing beginning in 2012 and volume production anticipated in early 2013. The total capital budget for Fab 8 is estimated at approximately $4.6 billion, including local construction expenditures of approximately $880 million. The build-out is expected to create approximately 1,600 new construction jobs, plus an additional 2,700 local construction-related jobs. Once completed, Fab 8 is expected to create approximately 1,400 new direct jobs and an additional 5,000 in-direct jobs in the region.

The Roundtable’s Good Patroon Award will also be presented at the October luncheon to community arts advocate Maude Baum, Artistic Director of eba.

Reservations for the October 13 luncheon are required by Monday, October 11 and can be made by calling 518-431-1440 (through the Albany-Colonie Regional Chamber of Commerce) or by e-mail at .

The luncheon is open to the public and the cost is $15. The University Club will serve a hot and cold buffet from 12:00 noon to 1:00 p.m., with the program commencing at 12:30. All luncheon participants are invited to enter the Roundtable Raffle for a bottle of fine wine donated by the University Club Foundation.

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