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Hudson Valley Region, January 2016

FIRM EXPANSIONS AND CONTRACTIONS

Hudson Valley Region

January 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
Northern Dutchess Hospital
recently celebrated the grand-opening of its new $47 million pavilion. The three-story, 87,000 square foot Martin and Toni Sosnoff pavilion is complete with high-tech medical equipment and more patient-oriented private suites. No job numbers were announced.

Orange County
CVS
announced plans to build a new store on Route 52 and Route 300, in the Town of Newburgh. The company is waiting for site plan approval from the town’s Planning Board. No job numbers were announced.

Putnam County
Stop&Shop
recently signed a lease for a new 54,000 square foot store at the Lake Plaza Shopping Center. No job numbers were announced.

Rockland County
Autobahn Indoor Speedway
, the largest indoor go-karting facility in New York, will soon open at the former Sports Authority location in the Palisades Center mall. The 40,000 square-foot facility will feature electric Formula One-inspired, Italian-made go karts capable of reaching speeds of up to 50 mph. No job numbers were announced.

Syncsort Inc., a Big-data software provider, will relocate its headquarters and workforce of about 145 employees from New Jersey to new office space at Blue Hill Plaza in Pearl River. The company plans to invest $2,895,000 in its new location. Operating in a designated Start-UP NY area, Syncsort will pay no state taxes for 10 years. Employees residing in New York will pay no state personal income taxes for the first five years and for the second five years, employees will be exempt from state taxes on income up to $200,000 for a head of household and $300,000 for taxpayers filing jointly.

Sullivan County
Nothing to report.

Ulster County
Nothing to report.

Westchester County
Fareri Associates
, in collaboration with Westchester County, announced plan to build a $1.2 billion biotech lab on undeveloped county-owned land known as the North 60 in Valhalla. Dubbed “The Westchester BioScience & Technology Center,” the campus will include 2.25 million square feet of biotech and research space, 400,000 square feet of medical office space, a 100,000 square-foot hotel with 100 rooms, 114,000 square feet of ground floor retail space and a 34,000 square-foot Children’s Living Science Center. Fareri Associates owns 20 acres next to the 60 acres of county-owned land it would rent under a 99-year lease. It is estimated that the project will create about 12,000 new jobs, including 4,000 temporary construction jobs and another 8,000 jobs once the project is completed.

Real estate developer LCOR Inc. recently began construction of 55 Bank St, a mixed-use residential/commercial development project. The $250 million real estate development project will feature two 16 story buildings with each offering 3,000 square feet of retail space and a total of 561 residential units. The construction of the residential complex will be completed in two phases, with the first tower set to be completed by summer, 2017, and the second phase shortly after. It is estimated that the project will create 533 construction and permanent jobs.

New York-Presbyterian Lawrence Hospital in Bronxville will open its new $60 million surgery and oncology pavilion in March, 2016. The new center, dubbed a “one-stop shop,” will offer a host of services, including on-site radiation treatment, as well as additional infusion stations and a pharmacy. No job numbers were announced.

BUSINESS CONTRACTIONS FOR THE HUDSON VALLEY REGION

Dutchess County
Nothing to report.

Orange County
Nothing to report.

Putnam County
Nothing to report.

Rockland County
Nothing to report.

Sullivan County
Nothing to report.

Ulster County
Precision Flow
filed a WARN notice on January 21, 2016 with the NYS Department of Labor in anticipation of a mass layoff. The company will close its facility at TechCity in the Town of Ulster and lay off 96 employees. The layoffs will commence on April 20 and end on April 29, when the plant will shut down.

Westchester County
All Westchester Saw Mill Multiplex Cinemas,
a fixture in the Hawthorne community for the past three decades, closed its doors in January. The movie theater will be replaced by a 67,000 square foot Audi Car dealership.

Macy’s filed a WARN notice on January 6, 2016 in anticipation of a mass layoff. The department store will close its Hudson Valley Mall store in the Town of Ulster and lay off 72 employees. The department store giant had recently announced plans to close 40 underperforming stores across the country.

STRIKES AND LABOR DISPUTES

Nothing to report.

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