WESTCHESTER COUNTY

Strategic location . . .

  • Situated in the heart of one of the world's greatest metropolitan area markets - New York City.
  • Centrally positioned within the Northeast and Mid-Atlantic region between Boston, Montreal, Toronto, Philadelphia, Baltimore and Washington D.C.
  • Host to a number of key industry clusters, including information technology, biotechnology and environmental engineering.
  • Excellent public and private school systems and universities as well as many cultural and historic sites and events.
A wealthy, diverse and growing population . . .
  • Almost 1 million residents (more than twice that of any of six surrounding Hudson Valley counties).
  • A population that has increased 5.6 percent since the 1990 census.
  • Known as one of the wealthiest counties in the New York metropolitan area with a per capita income of $51,033. Ranks in the top 10 out of all 3,110 counties in the United States.
  • Diversity is key: Hispanics make up more than 15 percent of the population; African-Americans, about 14 percent.
A skilled labor force . . .
  • A workforce of over 458,000 highly skilled managerial, professional and technical workers that generates an impressive 10% of all U.S. patents.
  • The unemployment rate has continually dropped over the past decade and is now about 3 percent - less than half of the 7 percent peak recorded in 1992.
  • Number of new jobs has increased steadily since 1993, driven by high rates of growth in the service sector.
A strong economic base . . .
  • More than 30,000 business establishments - one-third of which are in the service industries (experiencing the greatest job growth in recent years).
  • A concentration of major corporate headquarters, as well as a solid core of small and medium-sized businesses. More than 90 percent of all firms employ less than 20 workers.
Financial stability . . .
  • Only county in New York State (and one of only 13 nationwide) with a Triple-A credit rating from Standard & Poor's, Moody's and Fitch IBCA, Inc.
  • County property taxes have declined for an unprecedented three years in a row - culminating in a drop of almost 8 percent.

 

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