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Hudson Valley Region, February 2016

FIRM EXPANSIONS AND CONTRACTIONS

Hudson Valley Region

February 2016

New York State Department of Labor
Division of Research and Statistics
120 Bloomingdale Road, Room 218
White Plains, NY 10605
914-997-8798

This briefing provides information on firm-specific hiring and layoff announcements in the Hudson Valley. The information in this report is derived from press releases, newspapers, business journals, newsletters and other public sources. It does not include all expansions and contractions in the region – only those for which public information has been obtained. An attempt is made to present only current information – events that have recently occurred or will occur in the near future.

BUSINESS EXPANSIONS FOR THE HUDSON VALLEY REGION

Dutchess County
Cardinal Court Apartments
was granted final approval for some tax breaks. The $6.4 million project will convert an old abandoned building on Canon Street in the City of Poughkeepsie into 49 upscale apartments, two two-story penthouse units, as well as six commercial units. No job numbers were announced.

Meadow View Properties, LLC., the developers behind a 288-unit apartment complex and 85,400 square-foot of commercial space in the Town of Poughkeepsie, is seeking some tax incentives from the Dutchess County IDA for the $58.5 million project. No job numbers were announced.

Popeyes Louisiana Kitchen plans to open a new restaurant at the former Nellie Kelly’s Bar on Haight Avenue in Poughkeepsie. The fast food chain is awaiting site plan approval from the Town’s Planning Board. The franchise operates 51 restaurants in New York and the Poughkeepsie location would be the first in Dutchess County. No job numbers were available.

Ulster Savings Bank has recently opened a new branch on Route 300 in Newburgh. The new branch offers easier access, drive-up banking and a 24-hour ATM. The bank is also scheduled to open another branch in Wappingers Falls. No job numbers were announced.

Orange County
National Wholesaler Restaurant Depot
plans to open a new location in the Town of Newburgh. The 62,300 square-foot warehouse will be built on a 9-acre parcel of land, behind the Ramada and Super8 hotel on Route 300. The store would employ between 40 and 50 people.

Putnam County
Nothing to report.

Rockland County
Starwood Hotels and Resorts Worldwide Inc.
plans to expand with 10 new hotels in New York State in the next three years. The bulk of that growth will be centered in the New York City metropolitan area, as well as one hotel in Rockland County. Starwood will open Element Spring Valley at the Spring Valley Marketplace in 2018. No job numbers were announced.

Sullivan County
Nothing to report.

Ulster County
Nothing to report.

Westchester County
Balducci’s Food Lover’s Market,
a specialty gourmet food retailer plans to open a new store in Rye Brook. The 18,000 square-foot store is scheduled to open in the fall, and will be the company’s sixth location in the U.S. No job numbers were announced.

Comstock Residential Contracting plans to build a 21-unit apartment building on Mamaroneck Avenue. The $6.5 million project is expected to create 40 construction jobs and six permanent jobs. The Westchester County IDA approved $56,000 in mortgage recording tax exemptions and $150,000 in sales tax exemptions for the project.

Ha! Comedy Club, a comedy venue boasting national and local talent, is scheduled to open its doors at the Ridge Hill complex in Yonkers in early February, 2016. The club will split into two sections, with the front area offering a bar and stage for Karaoke and smaller acts, while the back half will offer a 130-people showroom. No job numbers were announced.

BUSINESS CONTRACTIONS FOR THE HUDSON VALLEY REGION

Dutchess County
Principle Service Solutions, Inc. @ Global Foundaries
filed a WARN notice with the NYS Department of Labor in anticipation of a mass layoff. The company laid off 28 employees at its Hopewell Junction facility.

Orange County
Nothing to report.

Putnam County
Nothing to report.

Rockland County
Nothing to report.

Sullivan County
Nothing to report.

Ulster County
Nothing to report.

Westchester County
Fujitsu Network Communications Inc.,
a developer of fiber optic communication equipment, announced plans to lay off 77 employees in its Pearl River office in May, 2016. The company is consolidating its hardware development functions. Some of the functional responsibilities and jobs currently at the Pearl River office will be relocated to the Texas facility and others will be shifted to the company’s development facility in India. The layoffs will occur over a 14-day period commencing on May 2, 2016.

New York Life Insurance Company, filed a WARN notice with the NYS Department of Labor in anticipation of a mass layoff. The company will lay off 21 employees at its office in Sleepy Hollow. The layoffs will commence between April 29 and December 31, 2016.

STRIKES AND LABOR DISPUTES

Nothing to report.

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