Employment in Hudson Valley shows steady rise

Gains in Orange and Rockland driven by education, health care, trade, transportation, and utilities

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  • Job growth in the Orange and Rockland area was driven by education, among other areas.

Job growth in the Hudson Valley

Westchester added 5,837 jobs in professional and business services, education, and health care
Rockland and Orange added 2,776 jobs in education and health care, trade, transportation, and utilities
Dutchess and Putnam added 726 jobs in leisure and hospitality and construction
Sullivan and Ulster added 662 jobs in trade, transportation, utilities, leisure, and hospitality

— Orange and Rockland counties gained 2,776 jobs in the last 12 months, with gains driven by education, health care, trade, transportation, and utilities, according to the first edition of the HVEDC-Jones Lang LaSalle Quarterly Economic Report.

The report, which outlines the latest economic trends defining the future of the Hudson Valley, shows employment rising steadily for the region's total labor force of 1.2 million.

In the second quarter of 2013, the Hudson Valley saw 1.4 percent growth in employment, slightly more than the 1.3 percent growth of a year ago. Rockland and Westchester counties led with employment growth of 2.2 percent and 1.8 percent, respectively. The number of office users continued to grow, by 0.4 percent — less than the 1.4 percent growth a year ago.

Other news from the report:
While the Hudson Valley experiences major personnel reductions at IBM Corp., other technology companies are growing. Varta Microbattery is establishing a new U.S. headquarters in Rye, and Bloomberg LP is building a massive, 130,000-square-foot data center in Orangeburg.

Early in the quarter, HVEDC helped secure $9.5 million from China’s Yongyi Group for Yonkers-based biotech firm ContraFect Corp. NY BioHud Valley’s Regeneron announced a major expansion of its headquarters and laboratories, which will add 400 jobs. NBational organic foods distributor United Natural Foods announced a new facility in Montgomery.

Gov. Cuomo’s Start-Up NY program is positioning State University of New York campuses as tax-free zones, which coincides with HVEDC’s recently announced Hudson Valley 3D Printing initiative at SUNY New Paltz. For more information, go to www.hudsonvalley3dprinting.com.

The office market has been flat in Orange and Rockland counties, which posted the lowest rate of office vacancies in the second quarter of 2013 at 14.2 percent. Last year's rate was 13.9 percent. Westchester County's vacancy rate is 17 percent, and Sullivan and Ulster $25.4 percent. In Dutchess and Putnam vacancies went way down, to 14.1 year-to-date from 22.8 percent in 2012.

The report was produced by the Hudson Valley Economic Development Corp. (HVEDC) in partnership with commercial real estate firm Jones Lang LaSalle. HVEDC is a public-private partnership and economic development agency for the seven-county region of Westchester, Putnam, Dutchess, Rockland, Orange, Ulster, and Sullivan counties. It markets the region as a prime business location to corporate executives, site selection consultants, and real estate brokers. For more information visit www.hvedc.com or call CEO Lawrence Gottlieb at 220-2244.

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