Malta, NY

UPDATE to a Blog Post from August, 2011.

Global Foundries-Town of Malta Foundation has begun to award the first set of Grants totalling $37,500 to local charitable organizations. The Global Foundries-Town of Malta Foundation Grants were given to a very diverse group of charities - everything from $3,050 to provide therapy scholarships to children with multiple disabilities to $2,500 to install smoke detectors in local homes that currently do not have one.

According to a post at the Fab 8 Global Foundries Update Blog - Global Foundries is contributing a total of $5 Million to fund two charitable organizations - one in the Town of Malta, and one in the Town of Stillwater.

The Global Foundries-Town of Malta Foundation continues to receive Grant applications for future awards.

Click for a link to the Global Foundries-Town of Malta Grant Application

Click for a link to the Global Foundries-Town of Malta Foundation's Mission Statement.

Quick Reminder! - Don't forget tonight is the Tec-Smart Early College High School Program Info Night. 7-8PM at the NYSERDA'S Saratoga Technology + Energy Park (STEP), 345 Hermes Road, Malta, NY 12020.

The program is expanding to include incoming 11th Graders beginning in September 2012. Tonight's program will discuss the Clean Technologies and Sustainable Industries Early College High School program. This program will be open to students across the Capital District.

Do you have a Tech-minded teen? The Tec-Smart Info Night meeting tonight might be worth your time.

According to an article in the Business Review, Global Foundries CEO, Ajit Manocha, says Global Foundries plans to have it's Malta, NY plant operational by December 2012.

The Global Foundries CEO is also confirming that the company plans to add capacity to its plants in New York, Germany and Singapore by increasing its investments in all 3 plants during 2012. Fab 8, the Global Foundries plant in Malta, NY (Saratoga County) expects to have up to 1,500 employees at a payroll of 190 Million by the end of December 2012.

Just did a quick google search to see what's new at Fab 8 Global Foundries, Malta, NY and found oodles of postings for jobs ! I have to say - in these days of massive unemployment - it was good to see.

This one minute quick search brought up over 200 postings for jobs at the Fab 8 Global Foundries including:

Fab Systems Setup Tech 2

Datawarehouse and Reporting/Sr. Manufacturing Engineer,

Staff Operations Quality Specialist

Factory Systems, Coordinator 2

Production Planning Manager

Ultrapure Water Technician

Manufacturing Engineering Shift Supervisor

Factory Systems Coordinator

Sr. Lean Manufacturing Specialist

Some of them were posted as recently as 17 days ago. If you're living in the Upstate New York area and want to work at the Fab 8 Global Foundries - it looks like now is your time!

If you're considering moving here for a job opportunity - we'll be happy to help with any aspect of your move - from finding your new home, to getting new school information and learning your new community. If you or a family member need an executive recruiter to help with your job search, we have several we can recommend.

We know this area - right down to what time local stores put the "$2 off tickets" on the chicken, to the most romantic hotspots, to the oldest buildings and world-renowned historic sites.

Fab 8 Global Foundries might be the latest attraction in Upstate NY, but you'll be amazed at what else you'll find here.

Is buying a house cheaper than renting? My answer - for our neck of the woods (upstate NY) would have to be "Yes". (Assuming you are finacially able to do the mortgage, taxes, insurance, upkeep, etc. ). (ok- so it's a "sorta yes").

I do know I have some rental clients who's monthly payments will be higher than the average mortgage for this area. If you're just comparing mortgage versus rent - there's no contest. You can't rent much of anything in the suburban areas for under $1,000 a month - but as long as you're not in certain high tax counties you can buy a nice little house with a monthly mortgage and taxes payment of $1,000. Maybe it won't be big and fancy - but nice.

The article that got me thinking about this question was at Inman News. They say in over 70% of the country, it's cheaper to buy than rent. What's the answer for your neck of the woods?