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The failure of Health Republic Insurance of New York has resulted in devastating financial losses for hospitals, physician groups and other healthcare providers in Westchester County and across New York State. The Westchester County Association has urged lawmakers to create legislation in the 2016 Legislative Session that would prevent the collapse of another insurer and has called for the creation of a fund that would cover the debt owed to healthcare providers for services rendered under the Health Republic insurance plan.
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.
As many of you know, on Monday, a bipartisan coalition of lawmakers passed a "no tax increase" 2016 Budget for Westchester County. We applaud County Executive Rob Astorino and Chairman Mike Kaplowitz and his colleagues in the County Legislature on working together in a collaborative way to avoid what might have become a fiscal disaster.
The mood was merry and bright at the WCA's annual holiday party Dec. 2 at the Westchester Country Club, where over 200 of Westchester's top business leaders gathered for cocktails, conversation, and spirited networking. A big thanks to our event sponsors, People's United Bank, Skyline Genesis Event Marketing and Tompkins Mahopac Bank, for making the party possible!
As we see it, eight forces are reshaping Westchester in surprising and unexpected ways. What’s more, these currents areworking in concert, thus heightening their impact. Looking ahead to 2016, the good news is that these developments point to a very bright future for the county.
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