Category Archives: Business News

The New York Racing Association, Inc. (NYRA) will run a series of community events during the official countdown to the 150th running of the Grade 1, $1.25 million Runhappy Travers.
The most famous race at Saratoga Race Course will be held Saturday, Aug. 24.
The City of Saratoga Springs, the Downtown Business Association and the Saratoga County Chamber of Commerce worked with NYRA on the celebration that will feature downtown events leading up to the summer season’s marquee race.

Gov. Andrew M. Cuomo announced plans for the creation of the Marylou Whitney Pavilion at the Saratoga Race Course to honor the late prolific philanthropist and racehorse owner and breeder.
The governor made the announcement Aug. 3 in an appearance at the track.
Whitney was known for her support of local charities and Saratoga Race Course backstretch workers. In recent years, she and her husband, John Hendrickson, began sponsoring a series of functions for the backstretch workers who care for the thoroughbreds at the Saratoga Race Course, including hosting and attendingSunday dinners in a temporary tent every racing season.
The Marylou Backstretch Pavilion will replace the temporary tent used by Mrs. Whitney and Mr. Hendrickson with a permanent building that holds up to 400 people. The Marylou Whitney Backstretch Pavilion is expected to be completed in July 2020.

US Light Energy, a solar energy company specializing in the development of solar electric and community solar systems, is constructing a solar park in Clifton Park.
The Sugar Hill Solar Farm, on 40 acres of land on the Sugar-Hill/Sugar-View Farm on Sugar Hill Road, will be the first community solar farm developed in Clifton Park, according to the company.
The 7-megawatt (MW), ground-mounted solar project will encompass nearly 20,000 solar modules. Officials said when fully operational later this year, it is expected to produce more than 8.6 million kilowatt-hours (kWh) of clean energy annually—enough electricity to power up to 600 homes and businesses.

Saratoga Economic Development Corp. (SEDC) on June 28 announced the next step in their initiative to empower leading-edge integrated circuit and electronic system design in Saratoga County and the Capital Region.
This industry cluster, to be supported by SEDC’s SPARK Saratoga accelerator and the Electronic Design and Innovation Initiative (EDI2 Saratoga), announced a new strategic partnership with Cadence Design Systems Inc.

Peter Benyon has been named the new general manager for the GlobalFoundries plant in Malta. He will become the facility’s fifth general manager, effective on July 1.
Benyon currently serves as vice president and general manager of GlobalFoundries’ Fab 7 plant in Singapore. He will report to Ron Sampson, who will remain based in Malta, Saratoga County, and will continue to lead the company’s U.S. manufacturing operations.
Expanding its leadership team in Saratoga County is the latest step CEO Tom Caulfield is taking since the company shifted its strategy last August. GlobalFoundries halted its efforts to develop next-generation 7-nanometer chips in favor of focusing on innovations of existing technology to appeal to a larger market with more customers.

The Pet Lodge of Saratoga has opened and is offering open enrollment for their doggie daycare program.
The Pet Lodge also provides boarding for dogs and cats, grooming and obedience training.
Located at 3320 Route 9, Saratoga Springs, it is the fourth Pet Lodge in the Capital Region Other stores are in Clifton Park, Latham and Glenville.