Credit Card Giant’s Re-Commitment to County Stimulates Economy
The Westchester County Association was thrilled to hear the news that MasterCard WorldWide Inc. will expand its offices in Purchase and add 270 jobs to its current Westchester workforce of 1,425 people.
“We couldn’t be happier about MasterCard making a commitment to remaining and doing business in Westchester County,” said Marissa Brett, executive director of the WCA’s economic development initiative, the BLUEPRINT for Westchester...“The renovations will provide temporary jobs for our construction industry and ultimately, permanent, high-skill positions.”
MasterCard announced its plans at a special meeting of the Westchester County Industrial Development Agency board Thursday. The board approved $1.3 million in sales exemption tax breaks on the $8.9 million construction project, according to a Journal News report, and will receive $10 million in state Excelsior tax credits based on the new jobs in Westchester and an additional 122 jobs at a new eCommerce hub opening there.
Barbara Rooney, Master Card’s senior business leader for global real estate, said the project includes the renovation of the company’s 475,000 square-foot Purchase Street headquarters, and the leasing of an additional 14,000 square feet of space in their Manhattanville Road building, totaling 121,000 square feet, of which 56,000 square feet of space will be renovated there to accommodate more employees.
“This is a great example of Westchester retaining a quality employer, and a fine corporate citizen,” said Brett, who, since 2011, has spearheaded the BLUEPRINT’s efforts to reduce vacant commercial space in the county, resulting in more than one million square feet of space off the market. “It’s another feather in our cap.”