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.
Imagine being out of work for over two years, with bills to pay. We hope you’ll never have to experience this nightmare. But for tens of thousands in the Hudson Valley, that nightmare is a reality. But an inventive partnership between Westchester County Association, the Westchester-Putnam Workforce Development Board, and the U.S. Department of Labor called the Jobs Waiting program, seeks to retrain 500 of the region’s long-term unemployed to obtain skills in one of our hottest sectors: healthcare.
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.
The future looks bright for Westchester County in 2016, but there’s work to be done to spur further economic growth, said panelists at the Westchester County Association’s Economic Forecast Breakfast on January 7, which attracted over 300 business leaders who gained a deeper understanding of global, national, and local trends driving the economy in the year ahead.