The Daily Gazette
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Hearings set on GloFo infrastructure funding

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The Saratoga County Industrial Development Agency will hold three public hearings next month on GlobalFoundries’ request for help in financing $70 million in infrastructure to serve the Luther Forest Technology Campus. The semiconductor maker is seeking agency support for paying for the work through tax increment financing, which could qualify the borrowing for a state economic development tax credit. “It’s Global’s hope that down the road this will count as a [payment-in-lieu-of-taxes] payment, and it ...

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