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Saratoga County IDA agrees to tax breaks for Global Foundries

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GlobalFoundries will receive about $387 million in sales tax exemptions as incentives to locate a technology research center and a second computer chip factory at its Fab 8 site in Luther Forest. The Saratoga County Industrial Development Agency on Monday approved tax exemptions for both projects, which between them are expected to involve a $16.8 billion investment by GlobalFoundries. The company plans to break ground on its $2.1 billion Technology Development Center this spring, while ...

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