Westchester's economy continues to show new life, according to Marissa Brett, Executive Director for Economic Development at the Westchester County Association, who applauds Xylem Inc.’s decision...
Xylem is a global leader in water technology.
...to locate its world headquarters to the Reckson Executive Park in Rye Brook. Xylem, a spinoff business of ITT Corp., had been located at 1133 Westchester Avenue (also home to the WCA), but resisted heading across the border to Connecticut, especially in light of the $562,000 in sales tax exemptions incentive it received, approved by the Westchester County Industrial Development Agency.
"It's truly exciting to see Xylem making a commitment to remaining in and doing business in Westchester County," said Brett, who is actively promoting The Blueprint for Westchester, a young and aggressive campaign to promote economic development, and retain and attract business to the county.
According to a report in the Westchester County Business Journal, the company will lease approximately 50,000 square feet of office space, as part of the $11.6 million relocation deal, and will add 15 positions to its staff of 106 in Rye Brook. Worldwide, Xylem employs over 12,000 people in 150 counties. Xylem is one of the leading companies in water technology, providing equipment and services for water and wastewater applications.
“This is a feather in the Blueprint’s cap,” said Brett, who noted that the WCA is actively working on all levels to make Westchester County and New York State more business-friendly in order to spur economic growth and job creation. This includes developing initiatives leading to modernizing infrastructure, regulatory reform, and repurposing vacant space.
"After years of witnessing business flight, we and others are taking a proactive and aggressive approach to stabilize the market and move forward with 21st century solutions," said Bill Mooney, president of the Westchester County Association.