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Hudson Valley Region, October 2018

FIRM EXPANSIONS AND CONTRACTIONS

Hudson Valley Region

October 2018

New York State Department of Labor
Division of Research and Statistics
120 Bloomingdale Road, Room 218
White Plains, NY 10605
914-997-8798

This briefing provides information on firm-specific hiring and layoff announcements in the Hudson Valley. The information in this report is derived from press releases, newspapers, business journals, newsletters and other public sources. It does not include all expansions and contractions in the region – only those for which public information has been obtained. An attempt is made to present only current information – events that have recently occurred or will occur in the near future.

BUSINESS EXPANSIONS FOR THE HUDSON VALLEY REGION

Dutchess County
Nothing to report.

Orange County
Church Hill Properties of Highland Falls New York L.L.C.
plans to build a $39 million, 122-room luxury hotel to replace the former Pointer’s Echo Motel in Highland Falls. The five-story, 100,000 sq. ft. structure on 5.4 acres will be built into a hillside with sweeping views of the Hudson River. The hotel will feature a 1,942 sq. ft. high-end restaurant, two large banquet rooms, a 1,276 sq. ft. rooftop lounge and a 3,648 sq. ft. outdoor event deck. No job numbers were announced.

Mattress Firm Inc., the largest U.S. mattress retailer, filed for bankruptcy protection and plans to close up to 700 stores around the country. The company’s four stores in in Orange County (Middletown, New Windsor, Newburgh and Monroe) will remain open, as well as the store in Matamoras, Pa.

Putnam County
Nothing to report.

Rockland County
Nothing to report.

Sullivan County
Nothing to report.

Ulster County
Nothing to report.

Westchester County
Fresh & Co.
, a locally sourced food eatery that offers vegetarian, vegan and gluten-free menu items recently signed a lease for 2,160 sq. ft. of space at the Boyce Thompson Center, in Yonkers. The new eatery will be the restaurant chain’s first location in Westchester County. No job numbers were announced.

New Rochelle Birch Development L.L.C. of Bayside, Queens was granted $2.5 million in tax relief from the local IDA for the construction of a $25 million self-storage facility at the former Rotanelli Foods plant in New Rochelle. Black Mountain Partners L.L.C., parent company to Birchwood Development, specializes in building self-storage facilities at old warehouses and industrial sites. Plans call for the demolition of the old 1-story structure and the construction of a 5-story, 152,000 sq. ft. climate-controlled facility with about 1,182 storage units. The facility will have three loading spaces and 12 parking spaces. ExtraSpace Storage, based in Salt Lake City, Utah, will run the facility. The project is expected to create about 185 temporary construction jobs and two full-time and two part-time jobs when it opens.

Construction recently started on The Rockwell, a $60 million mixed-use development project on North Avenue in New Rochelle. Phase one of the multi-step project calls for a 5-story building with 114 rental units, over 25,000 sq. ft. of retail space, and amenities such as a fitness center and a rooftop terrace. Phase two calls for a six-story mixed-use building on the other side of North Avenue, with 75 housing units, about 142 parking spaces and 8,000 sq. ft. of retail space. Construction is expected to finish by summer 2020. No job numbers were announced.

Shake Shack recently opened a new location on Central Avenue. The new location is a 3,600 sq. ft. standalone eatery, the second Shake Shack in Westchester County, joining the Yonkers store at the Cross County Shopping Center. Representatives from the company had stated that they would hire 60 workers to staff the new restaurant.

BUSINESS CONTRACTIONS FOR THE HUDSON VALLEY REGION

Dutchess County
Nothing to report.

Orange County
LSI Industries
, a Cincinnati-based designer, manufacturer and marketer of lighting, graphics and technology products for both indoor and outdoor applications, filed a WARN notice with the NYS Department of Labor on October 29, 2018, in anticipation of a mass layoff. The LED lighting manufacturer will shut down its manufacturing facility in New Windsor and lay off 136 employees. The layoffs will commence on January 29, 2019 and will be completed by June 30, 2019. The closing is part of the ongoing actions by LSI Industries to align its supply chain to more cost effectively serve the changing requirements of the lighting market. The workers at the facility at 500 Hudson Valley Avenue make indoor lighting products. The company said that production would be transferred to LSI’s facilities in Erlanger, Kentucky and Blue Ash, Ohio. The employees are represented by Local 363 of the International Brotherhood of Electrical Workers. Founded in 1976, LSI employs about 1,200 workers and operates eight facilities throughout the U.S.

National Wholesale Liquidator filed a WARN notice with the NYS Department of Labor on October 18, 2018 in anticipation of a mass layoff. The retailer will close its Middletown store and lay off 22 employees. The company will also close additional stores in West Hempstead (140 employees), Flushing (60 employees), Long Island City (58 employees), Bronx (64 employees), and Rosedale (48 employees). The layoff will commence within 30 to 60 days after the liquidation process.

Putnam County
Nothing to report.

Rockland County
Sears Holdings
, parent company of the chain stores Kmart and Sears, recently filed for Chapter 11 bankruptcy protection. Under its restructuring plans, Sears Holdings will close 142 stores near the end of the year, including its stores in Nanuet and Yorktown, as well as its Kmart store in Mahopac. The company filed a WARN notice with the NYS Department of Labor on October 15, 2018 in anticipation of a mass lay off for the above-mentioned stores on the closure list. They include the following: Kmart store (42 employees), Nanuet store (76 employees) and Nanuet auto center (12 employees), and the Yorktown Heights store (55 employees). Employment separations will occur on January 31, 2019 or during a 14-day period beginning on that date.

Sullivan County
Nothing to report.

Ulster County
Nothing to report.

Westchester County
AllianceBerstein L.P.
, a New York City-based investment management and research company, filed a WARN notice with the NYS Department of Labor on October 9, 2018 in anticipation of a mass layoff. The company will lay off 35 of its 244 employees at its White Plains office between January and July 2019. The layoffs are part of the company’s plans to move its headquarters to Nashville, Tennessee. AllianceBernstein had previously announced plans to move about 1,500 jobs from its metro New York City area offices to Nashville, starting in 2018 and continuing for several years.

STRIKES AND LABOR DISPUTES

Westchester County lawmakers recently approved a 10-year contract with the Civil Service Employees Association (CSEA) labor union, ending seven years of prolonged negotiations and standoffs. The new contract is backdated from 2012 through 2021. The deal comes with no raises in 2012-2013, 1 percent raises for 2014-2017 and 2 percent raises in 2018-2019. The contract calls for the members to pay between 5 and 10 percent of their healthcare premium based on pay scale. Employees hired in 2019 and beyond will pay between 10 and 20 percent based on pay scale. Annual contribution hikes will be capped at 6 percent, with the difference covered by the county.

Westchester County lawmakers also came to terms on a new contract with the union that represents investigators in the District Attorney’s office. The District Attorney’s Investigators PBA had been working without a contract since the end of 2015. The new four-year contract, which runs through the end of 2019, includes annual raises of 2.5 percent. The new contract also includes increases in longevity and differential pay.

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