Water tech company Xylem to remain in Westchester
The decision will keep more than 100 jobs in the county and produce an additional 15 in the next three years, a company statement said.
"We look forward to spending at least the next decade in Westchester County as we continue to grow our global business and help solve the world's water challenges," said Xylem president and CEO Gretchen McClain in a statement.
The company is expected to move into a 67,145-square-foot space at Reckson Executive Park in Rye Brook at the end of the year and stay for at least 10 years.
"Our new, expanded space will be a modern, world-class headquarters designed to encourage collaboration and training as well as housing an innovation center," McClain said.
The company received $2.35 million in tax credits and grants from Empire State Development -- the state's chief economic development agency -- as well as $562,000 in sales tax exemptions from the Westchester County Industrial Development Agency.
"We are thrilled that Xylem will be expanding its world headquarters in Westchester County," said Westchester County Executive Rob Astorino in a statement. "These are good jobs, high-tech and eco-focused jobs, and we're proud to have partnered with Xylem to keep these jobs here. The county continues to work hard to provide an environment where companies like Xylem and others can grow for the future."
The company, which makes water pumps, water testing systems and other infrastructure, is named after the structures that transport water from the roots of plants to their leaves. Xylem has about 12,500 employees worldwide, Astorino's statement said. It generated $3.8 billion in revenues last year.
The company's headquarters are in White Plains with ITT Corp., its former parent company. Xylem spun off from ITT in 2011. Federal regulations require the company to move into a new space.
In seeking tax incentives, the company notified county and state officials that it also considered moving to Stamford, Conn., another regional business hub that has profited from its proximity to New York City.
Larry Gottlieb -- formerly the county's economic development chief and now president of the Hudson Valley Economic Development Corporation -- has said that Westchester County and Stamford are often rivals in attracting businesses such as Xylem.
In pitching the county to businesses, Gottlieb recently said he often points out how Westchester County benefits from a multitude of train lines and other perks stemming from being closer to the city.
"We have more arteries of access to areas of commerce versus Connecticut," he said.