Westchester's Industrial Development Agency (IDAofW) met this month and approved financing and incentives for four major development projects that total $71.5 million in development costs, creating more than 750 permanent and full time jobs in Westchester County, New York. Projects include a family-owned company expanded into a self-storage business, an environmental brown site transformed into new housing and resident parking, prime office space upgraded for high-paying professional jobs and the renovation of one of the county's most iconic tourism destinations, the Ritz-Carlton Westchester Hotel.
"The projects supported by the [IDAofW] today demonstrate the vitality of our local economy and the strength of our job market," said IDAofW County Executive Rob Astorino on the news. "We are proud that these diverse, job-creating projects all have one thing in common: successful partnership with Westchester County."
"The requested Westchester [IDAofW] assistance will enable a $4-million major renovation and upgrade to the Ritz Carlton Hotel and convention facility, which opened its doors in 2007," added Joseph Apicella, executive vice president of the Cappelli Organization, Ritz-Carlton property owner. "This will allow the facility to continue to serve as Westchester's premier tourism and convention hub. In a very competitive regional industry, this much-needed investment will result in job retention and growth of the 350-plus person workforce in downtown White Plains."
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