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Hudson Valley Region, May 2016

FIRM EXPANSIONS AND CONTRACTIONS

Hudson Valley Region

May 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
The Dutchess County IDA recently granted preliminary approval for financial incentives to Empire Hotel Development for a hotel construction project. The $10.5 million, 93-room Hyatt Place hotel project will be built on 8.4 acres of land in the Town of Poughkeepsie. No job numbers were announced.

The Bonura family announced plans to build a 136-unit apartment complex in the city of Poughkeepsie. The estimated $30 million project, dubbed “Water Club Luxury Living,” is one of a series of developments that is revitalizing the city’s waterfront and downtown areas. The apartments will range in size from 780 sq. ft. to 1,995 sq. ft. The complex will feature concierge service, a heated parking garage, electric-car charging stations, a gym, a club room and a rooftop terrace. No job numbers were announced.

Orange County
Aurochemicals
, a Washingtonville-based leading manufacturer and supplier of natural auroma chemicals primarily used in the flavor and fragrance industry, is in the midst of its second expansion since 2012 as the company recently purchased a 25,000 sq. ft. building in the Town of Chester. The newly acquired facility will provide additional warehouse, manufacturing and laboratory space. The company currently employs about 16 employees and expects to add six to 10 new employees in Chester in six months or so.

Jeff Bank, a dominant bank in Sullivan County with 12 locations, plans to venture outside of its home-base and open a new branch in Port Jervis. No job numbers were announced.

Lakeland Bank recently opened a loan office in Highland Mills. The office offers commercial and corporate lending. The bank which has 49 branches in northern and central New Jersey also plans to add a branch at the same location. No job numbers were announced.

Matrix Newburgh was recently granted financial incentives to build a large distribution/warehouse center in the Town of Newburgh. The facility will be built for Amerisource Bergen, a health care product company which plans to bring 121 new jobs to the site.

Primo Sports will start construction of its $10.6 million sports complex in the Town of Chester. The company is finalizing the purchase of a 26-acre parcel on Route 94 where the facility will be built. The complex will feature a 61,850 sq. ft. indoor recreation building, four outdoor soccer fields, two Little League baseball fields and a bocce court. The facility will also include an indoor soccer field and a restaurant. No job numbers were announced.

Rhinebeck Bank is scheduled to open a new branch in Goshen in June, 2016. Based in Poughkeepsie, the bank has nine branches in Orange County and one in Ulster County. No job numbers were announced.

Walden Saving Bank recently opened a new branch in the Village of Montgomery. The new branch is located on Union Street in the former Bank of America building. No job numbers were available.

Wilder Balter Partners, Inc., the developers behind the stalled LOOP retail development project in the Town of Newburgh is seeking zoning amendment from the Town’s council that would allow the developer to build homes on the property as part of a scaled-down version of the original project for which it is still pursuing financing. The company is seeking a change that would allow it to build up to 300 multi-family residences in the town’s Interchange Business District.

Putnam County
Nothing to report.

Rockland County
Hudson Valley Harley-Davidson
will open a new dealer inside a former La-Z-Boy and Monster Mini-Golf location on Route 304 in Nanuet. The new store will employ about 20 employees.

The Time Nyack celebrated its grand-opening on May 12. The 133-room facility bills itself as the only upscale, boutique hotel with loft-style accommodations in Rockland County. The hotel features an outdoor patio, restaurant, rooftop lounge, complimentary high-speed Wi-Fi, shuttle service and event and meeting space. No job numbers were available.

Sullivan County
Construction on the new $90 million Z Living/Veria Nature Cure & Ayurvedic Wellness Center which began last year, is on track to open in 2017. Construction crews have laid the concrete foundation and have begun grading the site and installing the initial steel work for the hotel wing. The 290,000 sq. ft. structure which is being built on the Western bank of Bailey Lake in the town of Thompson, will feature a two-story wellness center, a six-story, 131-room hotel and restaurants. The Essel Group, an Indian conglomerate is funding the project. LeChase Construction which is building the facility, currently has a 45-member crew working on the project and is expected to more than triple that workforce by August.

Ulster County
While construction on the Nevele Prosport Campus is not expected to begin until early 2017, the developer for the project plans to start tearing down parts of the shuttered hotel in mid- to late summer 2016. The $165 million project planned for the site of the former Nevele Resort will feature four professional-regulation baseball fields, four regulation Little League fields, six multi-purpose and long fields for soccer, lacrosse and field hockey. The facility will feature a winter-season ice hockey rink and a hotel. In addition, the complex will also feature a $750,000 multi-acre outdoor park that will include zip lines, a ski park, rock climbing facilities, trails, a golf course, indoor and outdoor pools, as well as an indoor water park. It is estimated that the project will create about 600 jobs.

Westchester County
Edge-on-Hudson
, a $1 billion mixed-use development project for the village of Sleepy Hollow, was officially launched by the developers. The joint venture between SunCal and Diversified Realty Advisors plans to build a waterfront community with 1,177 residential units, in addition to restaurants and retail space, as well as a hotel. The mixed-use development project will be built on a large parcel of land that formerly housed the General Motors assembly plant. No official job numbers were announced.

U.S.-based, Sabra Dipping Co. LLC., one of the leading manufacturers of humus and other Middle Eastern-style foods recently signed a 5-year lease for an additional 36,345 sq. ft. of space, expanding its headquarters in White Plains. No job numbers were announced.

Target plans to open a new store between Austin Avenue and Sprain Road, near a Stew Leonard’s supermarket, and adjacent to the Ridge Hill shopping complex in Yonkers. New Jersey-based developer Morris Builders will erect a 175,000 sq. ft. building for Target and a two-story, 80,000 sq. ft. retail facility there as well. The developer is awaiting zoning approval from city officials before submitting a site plan application with the Yonkers Planning Board. The Westchester County IDA is expected to give the development a 10-year property tax break. It is estimated that the project will create about 560 full-time permanent jobs.

BUSINESS CONTRACTIONS FOR THE HUDSON VALLEY REGION

Dutchess County
Nothing to report.

Orange County
Nothing to report.

Putnam County
Nothing to report.

Rockland County
Fairway Group Holdings
recently filed for Chapter 11 bankruptcy protection in an attempt to restructure its debt to more favorable terms. The gourmet grocery retailer has a store in Nanuet and another in Pelham in Westchester County.

Sullivan County
Nothing to report.

Ulster County
Nothing to report.

Westchester County
Allways East Transportation Inc.
, a bus company that transports children for the Yonkers Public Schools, has filed for Chapter 11 bankruptcy protection. The bus company has about 200 drivers and monitors working out of the Yonkers location, and two contracts with the Yonkers Public Schools.

Sports Authority plans to close its remaining stores rather than reorganize under bankruptcy protection. The sporting goods retailer, which has a store in Yonkers and another in Elmsford, had filed for bankruptcy protection in March 2016. Sports Authority had initially planned to sell one third of its stores, but after failing to find a buyer, the retailer has decided to close its remaining stores and conduct a going-out-of-business sale. It has not yet been officially announced as to when the stores will close.

STRIKES AND LABOR DISPUTES

About 39,000 Verizon landline and cable workers in the Northeast who went on strike in mid-April will return back to work after reaching a tentative contract agreement that includes nearly 11 percent in raises over four years, 1,300 new call center jobs and health care plan changes that will save some money for the company. In addition to the raises, the tentative agreements includes $1,250 signing bonuses and health care reimbursements for new employees, a 25 percent increase in the number of unionized crews maintaining Verizon’s utility poles in New York state, and a one percent increase in pensions. The strikers, members of two unions – the Communication Workers of America and the International Brotherhood of Electrical Workers will vote to approve the contract, thereby officially ending what had been one of the largest strikes in the U.S. in recent years.

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