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==Economy== [[Image:Glens Falls Hospital.jpg|thumb|Glens Falls Hospital]] The Glens Falls region is a major producer of medical devices. Glens Falls is home to [[Navilyst Medical]], a medical device maker, previously a regional office of [[Pfizer]] and [[Boston Scientific]] Corporation.<ref>{{cite news|url=http://www.poststar.com/articles/2008/08/04/news/latest/doc489732936ea81772054514.txt|title=Medical device maker gets new name|date=2008-08-04|newspaper=[[The Post-Star]]|access-date=2008-11-21|archive-date=August 7, 2008|archive-url=https://web.archive.org/web/20080807002634/http://www.poststar.com/articles/2008/08/04/news/latest/doc489732936ea81772054514.txt|url-status=live}}</ref><ref>{{cite news|url=http://www.poststar.com/articles/2008/03/04/news/latest/doc47cdcc23698d9931939964.txt|title=Avista takes on state as partner in new medical device company|last=Judd|first=Erin|date=2008-03-04|newspaper=[[The Post-Star]]|access-date=2008-05-04|archive-date=September 10, 2012|archive-url=https://archive.today/20120910034429/http://www.poststar.com/articles/2008/03/04/news/latest/doc47cdcc23698d9931939964.txt|url-status=live}}</ref> Glens Falls is also a principal provider of medical services for a vast {{convert|2600|sqmi|km2|adj=on}} region from Saratoga County to the south, extending northward to the central Adirondacks. These services are centered around the [[Glens Falls Hospital]], a 410-bed facility downtown.<ref name="Hospitalfacts">{{cite web|url=http://www.glensfallshospital.org/about_fastfacts.htm |title=GFH Fast Facts |publisher=Glens Falls Hospital |access-date=2009-06-06 |url-status=dead |archive-url=https://web.archive.org/web/20090302215643/http://www.glensfallshospital.org/about_fastfacts.htm |archive-date=March 2, 2009 }}</ref> Founded in the summer of 1897 by a group of twelve local physicians, the Glens Falls Hospital was meant to serve the entire [[Upper Hudson River Valley]]. Solomon A. Parks donated his home in Glens Falls for the original hospital. The present structure has been extensively modified, enlarged, and modernized several times to better serve the needs of the community, and it is the region's fast-response trauma center.<ref name="Hospitalhistory">{{cite web|url=http://www.glensfallshospital.org/about_History.htm |title=Hospital History |publisher=Glens Falls Hospital |access-date=2009-06-06 |url-status=dead |archive-url=https://web.archive.org/web/20090302215631/http://www.glensfallshospital.org/about_History.htm |archive-date=March 2, 2009 }}</ref> The hospital is now the area's biggest employer.<ref name="ARCC">{{Cite web|url=http://www.adirondackchamber.org/economic-employers.htm|archive-url=https://web.archive.org/web/20070218013227/http://www.adirondackchamber.org/economic-employers.htm|url-status=dead|title=Adirondack Regional Chambers of Commerce: Top 25 Employers in the Glens Falls Region|archive-date=February 18, 2007}}</ref> A VA outpatient facility serves veterans' medical needs.<ref>{{cite web|url=https://www.va.gov/directory/guide/facility.asp?ID=726|title=Glens Falls VA Outpatient Clinic - Location home page|access-date=October 30, 2017|archive-date=October 31, 2020|archive-url=https://web.archive.org/web/20201031113719/https://www.va.gov/directory/guide/facility.asp?ID=726|url-status=live}}</ref> Danfloss Flomatic Corporation is headquartered on Pruyn's Island in Glens Falls. The company is a leading manufacturer of industrial and municipal valves. Also on Pruyn's Island is Umicore, a Belgium-based company manufacturing silver-based contact materials.<ref>{{cite web|url=http://www.poststar.com/articles/2008/04/27/business/local/13544918.txt|title=Expanding on expansion|last=Judd|first=Erin|date=2008-04-27|publisher=[[the Post-Star]]|access-date=2008-05-04|archive-date=September 7, 2012|archive-url=https://archive.today/20120907130159/http://www.poststar.com/articles/2008/04/27/business/local/13544918.txt|url-status=live}}</ref> Finch Paper LLC, headquartered at the base of Glen Street hill, is a major regional employer and a manufacturer of specialty paper and forest products. It is by far the largest taxpayer in the City of Glens Falls, owning property assessed at $60-million in 2006, according to city records. In mid-June 2007, Finch Pruyn & Company announced it had sold all of its assets, including {{convert|161000|acre|km2|0}} of forestland in the Adirondacks, to [[Atlas Holdings]] of Greenwich, Conn. The Company name was then changed to Finch Paper LLC. Atlas then sold all of the forestland to The Nature Conservancy. The Glens Falls Cement company, established 1893,<ref>{{cite news|url=https://timesmachine.nytimes.com/timesmachine/1903/12/09/105068710.pdf|title=Cement Works to Suspend Operations|work=[[The New York Times]]|date=December 9, 1903|access-date=October 30, 2017|archive-date=November 19, 2023|archive-url=https://web.archive.org/web/20231119105152/https://timesmachine.nytimes.com/timesmachine/1903/12/09/105068710.pdf|url-status=live}}</ref> is now a part of Lehigh Northeast, itself a division of [[HeidelbergCement]], one of the world's largest cement producers. Glens Falls has an old and prevalent history in the region's finance sector. Arrow Financial Corporation, headquartered downtown, is a publicly traded multi-bank holding company for [[Glens Falls National Bank]] & Trust Company (1851) and Saratoga National Bank and Trust Company. Evergreen Bank, N.A., formerly the First National Bank of Glens Falls, originated in 1853, and is now owned by banking conglomerate [[TD Banknorth]]. Advantage Capital Partners, a venture capital firm, has its New York offices downtown.<ref>{{Cite web|url=http://www.advantagecap.com/office.htm|archive-url=https://web.archive.org/web/20080420060441/http://www.advantagecap.com/office.htm|url-status=dead|title=Advantage Capital Partners website|archive-date=April 20, 2008}}</ref>
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