New Jobs in the Falls

GLOBE SPECIALTY METAL WILL REOPEN AND EXPAND UNDER NEW OWNERSHIP. THE COMPANY IS PLEDGING 60-MILLION-DOLLARS IN INVESTMENT AND 500 NEW JOBS OVER THREE YEARS. THE AVERAGE SALARY WILL BE $52,000. GLOBE SPECIALTY MANUFACTURES SILICON USED IN SOLAR PANELS AND OTHER PRODUCTS. IT WILL REOPEN AT HIGHLAND AVENUE IN THE FALLS, A FACILITY THAT'S BEEN SHUTTERED SINCE 2003. THE COMPANY WILL RECEIVE $25 MILLION IN EMPIRE DEVELOPMENT ZONE BENEFITS OVER TEN YEARS. LOW COST HYDROPOWER MADE THE FALLS AN ATTRACTIVE CHOICE FOR THE NEW OWNERS.