Global Foundries is a major semiconductor manufacturer that has transformed the local economies where it operates through significant investments and job creation. Its chip fabrication plant in Malta, New York has brought over $2 billion to the state's economy and created thousands of new jobs, both directly at Global Foundries and indirectly through supporting industries. The document discusses how Global Foundries' investments create economic growth and require communities to invest in infrastructure, education, and other components to fully realize the benefits.
2. Megatrend
A fundamental shift in the competitive
landscape that creates inescapable game-
changing opportunities and profoundly
affects companies’ competitiveness and
even their own survival.
Megatrends require businesses to adapt
and innovate or they will be swept aside.
3. “The Malta chip fab plant is by far
the most significant high tech
investment made in this country in
decades” Rick Whitney
4. “Landing AMD holds the potential
for transforming the local
economy.” Charles Schumer (2006)
5. “Prepare for continued growth. I
don’t care what business you are
in, plan for growth. Because you
ain’t seen nothing yet.” Joe Bruno
(2007)
8. Between 1991 and 2001 in Austin
• 29% -Inflation adjusted per capita income increase
• 48%-Population increase (781,000 to 1,100,000)
• 100,000- employees employed in high tech
9. 7 Community Components Necessary
For Successful Economic Development
• Universities
• Large Tech Companies
• Small Tech Companies
• Federal, State, and Local Government and
• Support groups (chambers, the business
community)
11. “AMD is coming to New York
because we are making New York
State the home of high
technology.” Governor Pataki
12. • 2006- The economic
development deal of the year
(Business Facilities Magazine)
13. • 2006- The economic
development deal of the year
(Business Facilities Magazine)
• 2007- This would be the worlds
most advanced microprocessor
manufacturing plant.
14. • 2006- The economic
development deal of the year
(Business Facilities Magazine)
• 2007- This would be the worlds
most advanced microprocessor
manufacturing plant.
• July, 2009 - Ground breaking
15.
16. • 5514 new jobs
• $532 Million-direct tax increase
• $2.83 Billion addition to economy
18. Infrastructure
• Highways
• Utilities (water, sewer, electric, gas,
telecom)
• Public services (police, fire with hazmat
capabilities, etc)
• Cultural and recreational amenities
• Schools, Universities, and R & D Centers
19. Support Jobs
• Fab garment cleaning
• Computer sales and maintenance
• Warehousing
• Delivery services
• Chemical disposal
20. Support Jobs
• Satellite equipment
• High tech specialty products
• Maintenance
• Training
• Private security
• Equipment and materials suppliers
21. “Prepare for continued growth. I
don’t care what business you are
in, plan for growth. Because you
ain’t seen nothing yet.” Joe Bruno
(2007)
22. “Itdoesn’t get any better than this
if you are looking at growing an
economy.” Rick Whitney