Health Tech '17
Innovation in Research
Fall Leadership Dinner
Holiday Networking Party
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As the healthcare, biotech, and financial industries continue to expand in Westchester, the county’s cities have seen a sharp increase in population since 2000, according to data presented by Sterling National Bank at the WCA’s 2016 Economic Outlook Breakfast in early January. The overall growth of the county’s urban sectors is up 7%, with New Rochelle and White Plains showing the fastest growth of all. In White Plains, 47% of its working population arrives via reverse commute. Even millennials are starting to put Westchester in play.
As renters look for less expensive options outside of New York City, the real estate development community is seeing new opportunity in Westchester County. Demand for apartments in the county’s urban areas is growing, fueling new investment in rental projects, especially along train lines.
Westchester County may soon be home to a new $1.2 billion biotech research, medical, and office development with retail space, a 100-room hotel, and eventually, a children’s living center, according to County Executive Robert Astorino, who unveiled the plans at the WCA’s Economic Forecast Breakfast on January 7. The Westchester BioScience & Technology Center would be developed on 80 acres in Valhalla, with private sector developer Fareri Associates.