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Westchester Invests More Than $150M Into Dannon, Million Air, Housing

Dannon Co. Inc. in White Plains was one of the recipients of Westchester County development money aimed at retaining jobs. Dannon's $30 million is intended for renovations of the former Fortunoff building. .
Dannon Co. Inc. in White Plains was one of the recipients of Westchester County development money aimed at retaining jobs. Dannon's $30 million is intended for renovations of the former Fortunoff building. . Photo Credit: Google Maps

WESTCHESTER COUNTY, N.Y. -- Projects that were supported by the Westchester County Industrial Development Agency and Local Development Corporation in 2016 totaled $604 million in private investment, according to an announcement by County Executive Rob Astorino.

The 13 IDA and LDC projects created or retained approximately 2,179 permanent and construction jobs. These results were announced at Thursday's monthly IDA and LDC board meeting.

Among the major projects receiving IDA financing and support in 2016 were:

  • Million Air’s $80 million renovations and upgrade of its corporate aviation facility at the County Airport;
  • Dannon’s $30 million renovations of the former Fortunoff building in downtown White Plains for its U.S. headquarters, a project that will help retain and create nearly 600 jobs;
  • Including Sheldrake Station Development’s $35 million construction of 100 new rental units in Mamaroneck.

“Westchester County is committed to working with businesses and not-for-profit institutions to help them succeed and prosper,” said Astorino.

"We are creating and retaining thousands of jobs every year while attracting major private investments in our economy.”

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