The Business Council of Westchester is among 27 other business groups statewide that are calling for Gov. Kathy Hochul’s Administration and the State Legislature to address one of the most significant lingering financial burdens caused by the COVID pandemic: the $8 billion in outstanding federal loans to New York’s unemployment insurance (UI) program. This debt results in hundreds of millions in higher federal and state payroll taxes on New York’s private sector employers. The group argues that since this debt results from state-directed office closings, it makes sense that public funds be used to help address the debt of this […]

BCW Member Macquesten Development LLC is proposing to build a new 16-story multifamily residential building in Yonkers that would feature 160 apartments all of which would be priced in the affordable category. Called The Parker, the project will be built at 632-636 S. Broadway, near the Yonkers border with Riverdale and Van Cortlandt Park.  It would feature eight studio apartments, 75 one-bedroom units, 57 two-bedroom units and 20 three-bedroom apartments. Amenities would include a fitness center and laundry facility. There would be 144 off-street parking spaces provided for residents. MacQuesten has developed numerous commercial and residential projects in New York […]

As Westchester’s leading advocate for business and economic development, The Business Council of Westchester and its Coalition for Smart Development, which consists of 17 of the leading real estate developers in the region, hosted an unprecedented roundtable yesterday with Westchester County’s state lawmakers for a very productive discussion of issues impacting real estate development and the county’s economy. Among the topics discussed were Gov. Kathy Hochul’s proposed Housing Compact plan; proposed legislation that would reduce the powers of Industrial Development Agencies (IDAs) which provide critically important financial incentives for development; and the Good Cause Eviction bill that would make it […]

The Westchester Innovation Network (WIN) recently concluded another successful collaboration by helping to bring financing solutions to a local medical equipment vendor. WIN paired Ampli-Fi — an early-stage medical sector lender — with Westchester’s Glo-Med Networks, Inc., a global sales and distribution business that sells medical devices and related products. The match allowed Glo-Med to offer financial solutions to its customers. “As an early-stage startup, it’s an incredible opportunity to connect and partner with Glo-Med, a strong global business started locally that understands the equipment industry and can connect us to potential customers through its extensive network,” said Ampli-Fi’s founder […]

BCW Member College of Westchester and BCW Vice President and COO John Ravitz hosted a visit from NYS Legislators at the College. Students and staff had the opportunity to meet and speak with Assembly Members MaryJane Shimsky and Dana Levenberg, along with Donna Chiapperino, Staff Member of Congressmen Mike Lawler’s Office; and Pascale Jean-Gilles, Chief of Staff & Legislative Director of Assembly Member MaryJane Shimsky’s Office. A tour was given by The College of Westchester President & CEO Mary Beth Del Balzo and Vice President of Student Services and Retention Maris Gangi Following the tour there was an open forum […]

In a groundbreaking public-private pilot program to provide up to $1 million to strengthen local downtown areas, Westchester County Executive George Latimer announced this week the next phase of Westchester County Office of Economic Development’s Business FIRST Program focusing on downtown improvement and stimulating economic revitalization at the local level. This Pilot Grant Program will help four municipalities reimagine and revitalize their downtown economic engine through a program consisting of professional consulting and up to $250,000 in implementation support. “The Business FIRST Downtown Improvement Grant Program is part of our continued response to listening and responding to the needs of […]