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==Economy== ===Tech Valley=== {{main|Tech Valley}} Since the 2000s, the economy of Saratoga County and the surrounding Capital District has been redirected toward [[high-tech|high technology]]. [[Tech Valley]] is a marketing name for the eastern part of New York, encompassing Saratoga County, the Capital District, and the [[Hudson Valley]].<ref name=Chambercoalition>{{cite web | title = About Tech Valley | publisher = Tech Valley Chamber Coalition | access-date = September 27, 2009 | url = http://techvalley.org/Pages/Live/About%20Tech%20Valley.html | url-status = dead | archive-url = https://web.archive.org/web/20081103032600/http://www.techvalley.org/Pages/Live/About%20Tech%20Valley.html | archive-date = November 3, 2008 }}</ref> Originated in 1998 to promote the greater Albany area as a high-tech competitor to regions such as [[Silicon Valley]] and [[Boston]], it has since grown to represent the counties in the Capital District and extending to [[IBM]]'s [[Westchester County, New York|Westchester County]] plants in the south and the [[Canada–United States border|Canada–US border]] to the north. The area's [[entrepreneurial ecosystem|high-technology ecosystem]] is supported by technologically focused [[academia|academic institutions]] including [[Rensselaer Polytechnic Institute]] and the [[State University of New York Polytechnic Institute]].<ref name="MadeInAlbanyNY"/> Tech Valley encompasses 19 counties straddling both sides of the Adirondack Northway and the [[New York Thruway]],<ref name=Chambercoalition/> and with heavy [[subsidy|state taxpayer subsidy]], has experienced significant growth in the [[computer hardware]] side of the high-technology industry, with great strides in the [[nanotechnology]] sector, [[digital electronics]] design, and water- and electricity-dependent [[integrated circuit|integrated microchip circuit]] manufacturing, and more recently, [[artificial intelligence]],<ref name="MadeInSaratogaCountyNY"/> involving companies including [[GlobalFoundries]] in [[Malta, New York|Malta]] and others.<ref name="Freeman Klopott, Xu Wang, and Niamh Ring"/><ref name="MadeInAlbanyNY"/><ref>{{cite web|url=http://www.globalfoundries.com/manufacturing/fab-8-overview|title=Fab 8 Overview|publisher=GLOBALFOUNDRIES Inc|access-date=July 12, 2015|url-status=live|archive-url=https://web.archive.org/web/20150713165759/http://www.globalfoundries.com/manufacturing/fab-8-overview|archive-date=July 13, 2015}}</ref> Saratoga County touts its high [[standard of living]] and [[quality of life]], strongly academic schools, clean environment and relatively cool climate, abundance of clean water and electricity, natural beauty and recreational opportunities, low county rax rates, and availability of new housing in its approach to robust growth in the county's high-tech workforce. '''Adirondack Trust Company''' is the largest independent community [[bank]] in Saratoga County. Adirondack Trust's 167 full-time employees own the company, which offers banking, loans and investment services, along with insurance through its Amsure subsidiary.<ref name=annual2020>{{cite news |url=https://www.adirondacktrust.com/Portals/AdirondackTrustCompany/PDF/ATC_Annual_Report_2020_ForWEB.pdf |title=2020 Annual report |website=Adirondeck Trust |date=December 31, 2020 |access-date=October 27, 2021 |archive-date=October 27, 2021 |archive-url=https://web.archive.org/web/20211027223024/https://www.adirondacktrust.com/Portals/AdirondackTrustCompany/PDF/ATC_Annual_Report_2020_ForWEB.pdf |url-status=live }}</ref> As of December 2020, the bank reported almost $1.5 billion in assets, and over $1.3 billion in deposits, across 13 branches.<ref name=annual2020/>
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