The Capital District of New York received some very exciting news recently. AMD (Advanced Micro Devices, Inc.) made a major press release on October 7, 2008 announcing the creating of a new production company that will be building a new micro processor manufacturing facility in the Luther Forest Technology Park located in Saratoga County in upstate New York. This is great news for our economy in the Capital District since it will bring no less than 1,400 jobs to our area.
Although our real estate market hasn't been impacted like the rest of the country, sales have definitelyslowed and as such, inventory is building. Prices have basically remained flat compared to last year, but you know that won't last as AMD moves into our area.
So, if you have any Real Estate needs in Southern Saratoga County, please give me a call.
Here is a link to the press release made by AMD.
http://www.amd.com/us-en/Corporate/VirtualPressRoom/0,,51_104_543_1991~128482,00.html
The addition of 1400 jobs is a major yippee!!!! Real estate should definitely be looking up in that area.
You can always add this kind of news to the AR group called Positive Real Estate News.
KATHLEEN- Thank you for your comment.
HEATH - Thanks a ton for this tip!!!
Lewis, that is good news for your economy! Good luck with it!