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Capital Region, Expansions and Contractions

April 2014

Business Expansions

Global Foundries, which has a production facility in Malta (Saratoga County), is the top contender to purchase IBM's chip making plants after Taiwan Semiconductor Manufacturing Corp. bowed out of the competition.

Technology company Quirky is opening an office in downtown Schenectady in May to be closer to General Electric. Quirky, a social product development company, will move its quality assurance laboratory and customer service branch into the top two floors of the Center City building on State Street this May. The move will create 180 jobs. The company will receive close to $1 million in economic development grants.

Castleton Paperboard LLC, an affiliate of MiniMill Technologies of Syracuse, is poised to purchase The Fort Orange Paper Co. in Castleton from Rensselaer County for $600,000. MiniMill is a global company with operations in India that focuses on the packaging and tissue manufacturing industries. Construction of the new mill located at 1900 River Road in the village of Castleton-On-Hudson, a rural area, will cost around $250 million. Construction of a new recycling plant will create 400 to 500 jobs for about 18 months. The new factory will then employ 80 to 100 factory workers and managers.

The Pennsylvania based Communications Test Design Inc. will open a new operations center in the Glenville Business and Technology Park in Schenectady County. The planned 130,000-square-foot, $11.4 million development is expected to create 150 jobs. New York State will provide the company with $800,000 in Excelsior Jobs Program tax credits as the jobs are created.

Old Dominion Freight Line, a logistics company that saw revenue grow 9.5 percent in 2013 to $2.34 billion, has opened a new and larger trucking terminal serving New York's Capital Region. The trucking company, which has had a presence in the region since 1998, began construction of an $8.3 million distribution center last summer in the Glenville Business and Technology Park in Schenectady County. The freight hauler moved its operations from a smaller site with 39 truck bays on Brown Road in Albany into the larger facility in Rotterdam with 72 doors. The company employs 50 at the new location, including 44 full-time employees and 26 truck drivers.

Hannay Reels will expand its Westerlo (Albany County) manufacturing complex by adding a larger steel and aluminum production facility. The $800,000 project will incorporate a new production site, a drive-through delivery dock and a 10-ton crane to make it faster and easier to bring in raw materials. Plans for adding a new facility in Westerlo have been in the works for just under two years. Hannay Reels currently is reviewing bids from contractors, and construction is expected to begin in April and be completed by August.

Home Depot wants to hire 375 people in the Albany, NY region as it gets ready for spring, its busiest shopping season. The seasonal workers are among 80,000 nationally that will be hired by the home improvement store chain. Hourly pay varies, but the company said it pays more than average retail rate and minimum wage. Some seasonal workers may be offered part-time or full-time jobs, depending on a store's needs. Home Depot employs 788 at six stores within a 15-mile radius of Albany.

Ferguson Enterprises, a Virginia-based distributor of plumbing supplies, will build a distribution warehouse at the Fountain Flats Business Park in Coxsackie (Greene County).The facility is expected to create 95 jobs. The program is being assisted with $1.2 million in Excelsior Job Program tax credits.

BioHarvest Ltd., an Israeli biotechnology company that uses fruit cells to produce pure food additives is moving to the UAlbany East Campus in Rensselaer County. The operation will add 50 to 60 manufacturing jobs to the region.

Ginsberg’s Foods will spend $11.1 million to add a 65,000-square-foot refrigerated warehouse at its Columbia County facility. The move will add over 50 jobs.

Business Contractions

National retailer Kmart will close its store in East Greenbush (Rensselaer County) in June. The store closing comes weeks after Kmart confirmed that it would close stores in Clifton Park and Latham in May as the company looks to reduce costs amid declining sales. Over 200 jobs will be eliminated at the three stores.

Six months after announcing plans to move capacitor manufacturing work from upstate NY to Clearwater, Florida, General Electric is now delaying layoffs of up to 200 employees until early 2015. General Electric will begin layoffs of 177 manufacturing workers and 20 salaried employees at the Fort Edward (Washington County) capacitor plant during the first three months of next year.

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