Economy




Due to its proximity to New York City, many Fortune 500 companies are headquartered in Westchester county, including:

  • MasterCard in the hamlet of Purchase
  • PepsiCo in the hamlet of Purchase
  • IBM in the hamlet of Armonk
  • ITT Corporation in the city of White Plains
  • Jarden in the city of Rye
  • Universal American in the city of White Plains
  • Regeneron Pharmaceuticals in the village of Tarrytown

High technologyedit

Tech Valley is a marketing name for the eastern part of New York State, including the Hudson Valley and the Capital District. The term originated in 1998 to promote the Greater Albany metropolitan area as a competitor to regions such as Silicon Valley and Boston. It has since grown to represent the counties in New York between IBM's Westchester County plants in the south and the Canada–U.S. border to the north.

Biotechnologyedit

Westchester County has also developed a burgeoning biotechnology sector in the 21st century, with over US$1 billion in planned private investment as of 2016, spurring Westchester Magazine to nickname the county Biochester. In April 2017, county officials unveiled plans for an 80-acre, 3 million square-foot biotechnology hub to be built with US$1.2 billion in private investment on vacant land adjacent to Westchester Medical Center in Valhalla; the bioscience center, a public-private partnership, is anticipated to create 12,000 new jobs and include over 2.25 million square feet of biotechnology research space.

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