New York State’s Unemployment Insurance Trust Fund is facing a fiscal crisis and lawmakers in Albany need to take action now. That was the urgent message from a group 29 business organizations statewide — including the Business Council of Westchester — in letter sent last week to Gov. Kathy Hochul. The letter noted that due to the negative economic impact of the pandemic “extraordinary amounts of money flowed out of New York’s UI Trust Fund to satisfy claims, and the State needed to borrow more than $11 billion from the federal government. The outstanding loan and completely depleted UI Trust […]

Congratulations to BCW Member Fareri Associates which has been awarded a $3 million grant from Empire State Development (ESD) for Phase One of the company’s North 80 development project in the Town of Mount Pleasant. “We are very pleased and honored to have received this important grant for our North 80 development. Phase One of this $227 million project is expected to create nearly 490,000 square of innovatively designed buildings whose tenants will bring an estimated 1,177 new jobs to Westchester County and the Mid-Hudson Valley,” said John Fareri, CEO of Fareri Associates. Fareri Associates is in the final approval […]

CLICK HERE to watch Business Fraud: What Has Changed and How to Protect Yourself From Loss this Holiday Season.

BCW members and guests got an inside look at the Zoom phenomenon at this week’s People United Bank Speaker Series featuring Zoom Video Communications CIO Harry Moseley. Moseley described how the pandemic enabled Zoom to double its workforce from 2,500 employees in January 2020 to 5,700 employees by July of 2021. He also discussed: how the pandemic’s lockdowns forced executives worldwide to quickly learn how to successfully manage staff remotely; Zoom’s innovations; and the future of work. Moseley, who has worked at Zoom since 2018, noted how executives’ embrace of the virtual office foreshadows significant changes throughout the corporate world. […]

One of the most significant and transformative initiatives in New Rochelle’s history got a big boost this week with city being awarded a $12 million federal grant for the LINC project. By repurposing a portion of Memorial Highway (and its overpass extension to I-95) into a linear park, the LINC will bind together the Lincoln Avenue neighborhood with New Rochelle’s burgeoning downtown — enabling better, safer access to transit and employment, while also creating an expansive new open space and recreational amenity for tens of thousands of residents. Combining this federal award with state funds already allocated to the LINC […]

Clarapath, a robotics company aimed at catalyzing change in the way pathology laboratories process human and animal tissues, announced this week it has raised $32 million in additional funding. The round included The 4100 Group, East Post Road Ventures (Investment Arm of White Plains Hospital), Epiphron Capital, Northwell Ventures, P5 Health Ventures, and participation from other strategic organizations. This brings the total raised by Clarapath to more than $39 million. Clarapath is automating processes around the way tissue is processed onto glass slides via “sectioning,” or cutting a cross-section of the tissue specimen. The company’s first robotic instrument, called SectionStar, […]