Gov. Kathy Hochul told more than 500 business leaders at the Business Council of Westchester’s Annual Dinner on Wednesday that Westchester County has been and remains an economic engine for the state due to investments in education, biotechnology and media arts. “What I’m seeing in Westchester, young people are being educated at some of the top schools in the country and they want to stay. And as a result of that, there are more businesses coming here because they have so many talented people to choose from,” said Gov. Hochul. “Witness the confidence that business leaders have in this county […]

The Business Council of New York State recently launched a 2023 Made in New York Manufacturing Week Bus Tour to highlight New York’s manufacturing history and showcase the current employers of the industry. Among the companies visited on the tour was BCW Member Allied Converters Inc. of New Rochelle. Allied Converters is an energy independent manufacturer of bags, sheets, rolls and shred made from Cellophane, polypropylene, polyester, colored films, or polyethylene. The Business Council of New York State kicked off the trip in the Capital Region on October 6th, Manufacturing Day, and concluded October 12th in Syracuse during Manufacturing Week. […]

BCW President and CEO Marsha Gordon was among a panel of local industry experts convened who recently participated in a forum on the Hudson Valley’s economy and the strength and resilience of its business community. The “Real Estate & Economic Forum: Driving the Hudson Valley Forward” hosted by Orange Bank & Trust featured leading banking, real estate and construction industry voices — including Hudson Valley Investment Advisors Inc., The Business Council of Westchester, Hudson Gateway Association of Realtors, Construction Contractors Association of the Hudson Valley, and the Construction Industry Council of Westchester & Hudson Valley — discussing issues critical to […]

The Business Council of Westchester (BCW) is deeply concerned about a new tax provision that threatens to undermine American innovation, punishing businesses that invest in research and development that benefits our economy, rather than incentivizing them to continue these pursuits. The new provision runs counter to the rules we have had in place since the 1950s which have enabled American innovation to flourish. Our nation’s economic strength has long been tied to our ability to innovate. Whether it be lifesaving medicines or life changing technological advancements, American innovation has benefitted every one of us, sparking job growth and driving our […]

In what will be Westchester’s business event of the year, the BCW Annual Dinner 2023 next Wednesday will honor Gov. Kathy Hochul with its Global Leadership Laureate Award in recognition of her lifetime of achievement in New York. Governor Hochul is the 57th Governor of New York State, and the first woman to hold this position. Since being sworn into office in 2021, she has proved herself to be a committed leader establishing a bold vision for New York’s future by spearheading comprehensive policies and initiatives to help New Yorkers and their families, while building a stronger, more inclusive economy. […]

The Business Council of Westchester (BCW) is deeply concerned about a tax provision that undermines American innovation. For decades, American businesses were allowed to deduct 100% of annual research and development (R&D) costs that same year, commonly referred to as “full expensing.” Businesses also had the option to deduct (amortize) these costs over five years. When the 2017 Tax Cuts and Job Acts took effect, amortization became the single option for businesses when it came to offsetting R&D costs. Businesses across the country began feeling its negative effects, seeing their tax bills balloon, and in many cases struggling to adjust. […]