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New York - Building Boom In Hudson Valley And Catskills Points To Big Boost For Employment And Economy

Published on: September 13, 2015 04:00 PM
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New York - A building boom in the Hudson Valley and the Catskills—-which has capital investors pouring billions of dollars into projects that are either underway or set to begin—-has construction labor leaders reporting full employment while economic insiders say the projects will result in a big boost for local economies.

RECORDONLINE.com (http://bit.ly/1KjS3Oa) reports that some of the bigger projects include a $79M makeover of the Government Center in Goshen; the $1 billion Montreign Resort and Casino at Adelaar near Monticello; and the new $4 billion Tappan Zee Bridge.

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Business manager for Laborers Local 17 in the town of Newburgh, Todd Diorio, said employment numbers are the highest the area has seen since 2008.

“Right now we’re at 100%,” Diorio said. “In the past 8 weeks we’ve taken in 70 new members.”

According to economic insiders, the boom will also have a “multiplier effect” on the local economy.

A. Reif Kanan, director of The Business Institute at SUNY New Paltz, said, “You put $1 into the economy and it can have the impact of $3 to $5…There’s more spending on elective purchases.”


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 Sep 13, 2015 at 04:44 PM Anonymous Says:

Tell that to the resident of Monroe/Woodbury.

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