A study released last week by the Business Council of Westchester and its Westchester Coalition for Business Development looked into one of the most critical questions facing county businesses: Why are young adults leaving en masse?
The answer is that, while areas such as White Plains, Katonah, Purchase, Scarsdale, Rye, Port Chester and Yonkers all have unique characteristics that make them strong candidates for young professionals, the cost of living is simply too high to justify living in Westchester instead of living in NYC.
(See Bureau Chief John Golden’s article here on Westfair Online.)
Kudos to both the Business Council and the Westchester County Association for making multi-use developments and the re-development of some of the county’s defunct commercial office space as affordable housing units priorities as part of their respective economic development initiatives. Now, the challenge is convincing property owners, developers, and municipal zoning boards of the validity of their conclusions.
It is now up to economic development advocates to work alongside all of the crucial parties to implement a strategy that can yield action, and not just studies and words of encouragement.