Category Archives: Business News

By R.J. DeLuke

GlobalFoundries is still moving forward with plans to expand at its plant in Malta.

The company said abut $1.4 billion will be invested in projects at three of its sites, the others being Singapore and Dresden, Germany.

Some media reports in March said the $1.4 billion will be split approximately in thirds as money goes to all three.

But Laurie Kelly, GlobalFoundries vice president, global communications, said “it’s not as precise as of right now” as to how much each project will get. “All of our sites will grow where it makes the most sense.”

Nonetheless, millions of dollars can be expected. She said there are still many things that have to be worked out, including the subsidies and incentives to be provided by the U.S. government and the state of New York as parts of the CHIPS for America Act passed last year. The funding has not yet been appropriated.

“The funds from the federal CHIPS bill will absolutely accelerate the plans to grow the site,”  Kelly said. “The beauty of the CHIPS bill is it has bipartisan support. So that’s a bonus in terms of appropriations. We have a new administration.  … Obviously we would love (the appropriation)  sooner rather than later. But I can’t venture to guess when it would happen.”

Growing demand for chips has made clear the need for faster than normal growth at GlobalFoundries, leading to the expansion plans.

The New York Racing Association (NYRA) will open the 40-day summer meet at historic Saratoga Race Course on July 15.

NYRA said the meet will feature 76 stakes races, worth $21.5 million in total purses. The summer meet will conclude on Monday, Sept. 6.

In February, Gov. Andrew M. Cuomo announced that live sports and entertainment venues with a minimum reserved seating capacity of 10,000 will be permitted to re-open to a limited number of spectators beginning on Feb. 23, with approval from the state Department of Health.

All attendees must present a negative COVID-19 PCR test taken within 72 hours of the event and adhere to health and safety requirements, including mandatory facial coverings and social distancing.

NYRA will continue to closely monitor state-issued regulations to determine how they impact Saratoga Race Course, officials said. Additional details on fan attendance and tickets for the 2021 summer meet will be provided as it becomes available.

The 2021 summer meet, which will offer at least one stakes race every live racing day, will be highlighted by the 152nd renewal of the Grade 1, $1.25 million Travers on Aug. 28 and the Grade 1, $1 million Whitney on Aug. 7, as the anchors of two of the most prestigious racing days in North America.

Saratoga Harness kicked off its 80th season of live harness racing on  March 1.

Races will run three days a week, every Monday, Tuesday, and Wednesday, with a first post at noon through the first four months of the season.

Track officials said the 2021 season will feature a full slate of New York Sire Stakes action, along with new betting options.

In addition to the Pick 5 with a guaranteed pool, Saratoga will be introducing two new bets geared toward building jackpot-type payoffs, the Jackpot Super High Five and the Pick Six Jackpot.

Due to state COVID-19 guidelines, no spectators are allowed at the track. However, fans can wager remotely on the races through Saratoga Casino Hotel’s online wagering platform, saratogabets.com, or on any other state-approved online wagering platform.

By Jennifer Farnsworth

Saratoga Springs Family Dentistry practice aims to put people at ease in regard to their dental health, even if they have lost their insurance.

Office Manager Bonnie Symon said all seven locations are taking part in a program that offers affordable dental care to those who may have lost their dental insurance or who never had it at all.

“We have had a great response to this, with a lot of people signing up. It’s a wonderful option for people and helps to give them some assurance that they can get the care they need without worrying about how to pay for it,” said Symon.

Symon said with COVID-19 pandemic, many patients found themselves losing their insurance and with that came the worry of how to find quality dental care that they can afford. She said they have reached out to local employers who have been vulnerable to the shaky economy, especially small businesses.

The plan offers member-only free exams, x-rays, and cleanings, plus 15 percent off all other dental services.  There are three plan options for routine cleanings and exams, diagnostic X-Rays, and discounts on treatment. 

SUNY Empire State College named Kim S. Stote as dean for its School of Nursing and Allied Health.

Stote, Ph.D., MPH, RDN, succeeds M. Bridget Nettleton in the role.

Prior to her new role as dean, Stote served as the associate dean of health professions for the School of Nursing and Allied Health, and has been a faculty member since 2009.

“Kim has been an invaluable member of our School of Nursing and Allied Health, and has the skills and experience necessary to fulfill this important role,” said SUNY Empire State College Officer in Charge Nathan Gonyea. “Kim is the right person at the right time for this position.”

“I am honored to serve as the dean for the School of Nursing and Allied Health. This is an interesting and challenging position that aligns well with my background and strengths. I continue to be impressed with SUNY Empire State College’s culture of innovation, which offers alternative learning experiences that encourage student success through degree completion,” said Stote.

She is a clinician scientist conducting research on understanding how dietary components interact with physiological, sociological, and environmental factors that affect the health of the population. Her research experience also includes investigating the effects of differing food components in human health which resulted in a twice Fulbright Scholar award as the research chair of nutrisciences and health, at the University of Prince Edward Island, Prince Edward Island, Canada.

Advisors Insurance Brokers  in Clifton Park has been acquired by Integrity Marketing Group, LLC, a large national independent distributor of life and health insurance products.

As part of the transaction, Kevin Johnson, CEO of AIB, will become a managing partner in Integrity. Financial terms of the acquisition were not disclosed.

“Integrity is committed to innovating insurance by bringing together skill sets that complement our growing roster of platform partners,” said Bryan W. Adams, co-founder and CEO of Integrity. “As we’ve gone through this global pandemic, Americans realize the importance of life, health and long-term care insurance coverage now more than ever. By adding Advisors Insurance Brokers to the Integrity platform, we are able to serve more Americans and help them with these planning needs.”

AIB began in 1992 with a focus on long-term care insurance and planning in the New England region. The company has evolved to offer life insurance, fixed indexed annuities and a wide range of insurance products.