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Hudson Valley Region, March 2014

FIRM EXPANSIONS AND CONTRACTIONS

Hudson Valley Region

March 2014

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 began construction of a $47 million, 81,000 square-foot medical pavilion on its campus in Rhinebeck. The new complex will feature six new operating rooms, 40 private patient rooms and medical offices. Construction of the new facility will take about 18 months.

Riverside Bank of Poughkeepsie and Salisbury Bancorp of Lakeville, Conn announced plans to merge their operations. Riverside’s name will stay as it becomes a division of Salisbury and no branches will be closed.

Orange County
(Update) State and Orange County financial incentives have lured California-based Amy’s Kitchen to build a $95 million, 500,000 square-foot organic food manufacturing plant in the Village of Goshen. Construction of the new facility is expected to begin early next year and be open by 2016. The company expects to employ close to 700 employees, with salaries ranging from $20,000 to $150,000 annually.

Churchill Properties proposes to build a 120-room hotel on Route 9W, near West Point. The Orange County Industrial Development Agency recently approved a package of financial incentives that will grant the company a 10 year payment in lieu of taxes, sales tax exemption and other financial benefits. The $20 million project will be geared toward the tourist trade and when open will create about 70 full-time jobs.

Coach USA expects to move from its current office in Mahwah, N.J. to its new $16 million office and garage complex in Tetz Industrial Park in the Town of Chester around May 1. The new facility will employ an estimated 225 employees.

Putnam County
Nothing to report.

Rockland County
Nothing to report.

Sullivan County
Nothing to report.

Ulster County
Turk Hospitality Group, the owners of Rocking Horse Ranch in Highland and Splash Down Beach in Fishkill, announced plans to build a family resort in the Town of New Paltz. The new 250 to 275-room resort, to be called Wildberry, will also feature an indoor waterpark and a five-story indoor rock climbing wall, among other activities and amenities.

Westchester County
Acorda Therapeutics, Inc. will expand its corporate footprint in Ardsley following approval of incentives by the Westchester County Industrial Development Agency. The biotech company has expanded its operations and plans to occupy an additional 25,500 square-foot of space at 440 Saw Mill River Road. Acorda currently occupies 130,000 square-feet of space at 410-420 Saw Mill River Road. The additional space will accommodate 90 new permanent employees that the company plans to hire over the next five years. The project is also expected to create 35 to 45 temporary construction jobs during its four to six month construction phase.

Banana Republic will open a new store at Westchester’s Ridge Hill mall in Yonkers. The retailer of men’s and women’s clothing has several stores throughout Westchester County, including stores in Mount Kisco, The Westchester Mall in White Plains and Vernon Hills Shopping Center in Scarsdale. No job numbers were announced.

Metallized Carbon Corp., an Ossining-based manufacturer, has pledged to retain its 118 employees and add another 25 workers in return for an $850,000 discount on its energy bill under the ReCharge NY Program. The program allocates low-cost energy to New York businesses that pledge to retain or create jobs over a period no longer than seven years.

Dave & Buster’s will open a new eatery in Westchester County. The restaurant and entertainment chain recently leased 41,300 square feet of space at Post Road Plaza in Pelham Manor. The company operates more than 60 casual dining and entertainment complexes throughout North America. No job numbers were announced.

True North Hotel Group, a Kansas-based hotel developer, plans to build its second hotel at the South Westchester Executive Park in Yonkers. The $24.5 million, 84,000 square-foot development will add more than 150 rooms to the city’s hospitality offerings when it is completed in 2015. The planned Courtyard by Marriott will be built on a 2.9 acre undeveloped site directly across from True North’s 144-room Residence Inn by Marriott. The project is expected to begin in the next several weeks and be completed by mid-2015. About 250 workers will employed during the 15-month construction period, with an additional 50 permanent jobs created when the hotel opens for business.

BUSINESS CONTRACTIONS FOR THE HUDSON VALLEY REGION

Dutchess County
Silver Cinemas, who specialized in second-run movies at far below the costs charged for tickets at other venues, recently closed its facility at the Shoppes at South Hills (formerly the South Hills Mall). No job numbers were announced.

Orange County
Nothing to report.

Putnam County
Nothing to report.

Rockland County
Staples, the nation’s largest office-supply store, announced plans to shut down 10 percent of its North American stores by the end of 2015. This announcement is the latest evidence of a retail landscape that has changed as a result of the shift in the way Americans now shop. The company has recently stated that nearly half of its sales are now generated online. The closings will affect up to 225 North American stores as part a plan to save about $500 million by the end of next year. No announcements have been made as to the number of jobs that will be eliminated, nor the locations of the stores that will close. Staples operates about two dozen stores in the Hudson Valley Region.

Sullivan County
Nothing to report.

Ulster County
RadioShack announced plans to close 1,100 stores in the U.S. The closures represent just the latest setback for the company, which has been struggling to update its image and competed with the rise of online retailers in recent years. RadioShack operates more than 4,000 U.S. stores, including about 40 locations in the region. The company has two stores in Kingston area – one at Kingston Plaza, the other one in the Hudson Valley Mall.

Westchester County
Mile Square Transportation, Inc. filed a WARN notice with the NYS Department of Labor in anticipation of a mass layoff. The company will lay off 90 employees by June 26, 2014.

Sprint filed a WARN notice with the NYS Department of Labor on March 19, 2014 in anticipation of a mass layoff. As part of company-wide strategic changes announced in mid-January, Sprint closed its Customer Service Center in Elmsford on March 25, laying off about 154 employees. The employees will be eligible for additional pay and benefits through a separation period, based on their length of service. The company also had work reductions at other offices, including 400 positions in Altamonte Springs, Fla., 200 positions in Overland Park, Kan., and about 250 in Sacramento, Calif.

STRIKES AND LABOR DISPUTES

Nothing to report.

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