Positive Outlook for Westchester’s Economy

Pictured, from left, Joe McCoy, People’s United Bank; Douglas Singer, Falcon & Singer PC; Joseph Apicella, MacQuesten Development; Jane Solnick, Con Edison; New York State Comptroller Thomas Di Napoli; George Lence, Nicholas & Lence Communications; Glenn Pacchiana, Thalle Industries; James Schutzer, JD Moschitto & Associates and BCW Executive Vice President and COO John Ravitz

Members of Westchester’s business community had an exclusive opportunity to hear from New York State Comptroller Thomas DiNapoli at the Business Council of Westchester’s latest Political Leadership Series event held June 29. DiNapoli discussed the state of New York’s finances, how the Trump Administration’s first budget will affect New York’s economy and the economic outlook for Westchester and the Mid-Hudson region. DiNapoli touched upon a number of topics in his address of interest to the Westchester business community:

“Westchester’s economy is doing very well,” he said noting that unemployment is at 4.1%. “You’re doing better than many of the counties in the state. Westchester is one of the engines that is moving our state forward.” He also said Westchester’s economy is benefiting from strong job growth in the areas of healthcare, government and hospitality.

Copies of an Economic Profile of the Mid-Hudson Valley produced by the Comptroller’s Office were made available to those attending the event which was held at 800 Westchester Avenue, Rye Brook.

As he concluded his remarks, DiNapoli noted that the Comptroller’s office controls approximately $14 billion in unclaimed funds. He said the state is currently returning $1.5 million in unclaimed funds each day to New Yorkers. To help make his point, DiNapoli presented to John Ravitz a check for $884 which represents unclaimed funds owed to the Business Council of Westchester.