GOSHEN, NY-As part of the services being offered by New York State, economic development officials from counties in the Mid Hudson Valley area have been compiling lists of available office space in their respective markets for possible use by companies affected by the terrorist attack on the World Trade Center on Sept. 11.

However, officials with some of these Hudson River Valley counties tell GlobeSt.com that while they have given these lists to officials with Empire State Development Corp., they are not expecting many takers in the short term. In fact, most agreed that a majority of the World Trade Center related business relocations will center on the New Jersey, Connecticut and Westchester County markets.

David Dirks, president and chief executive officer of the Orange County Partnership based in Goshen, says that to date he is not aware of any former World Trade Center firms studying any properties in Orange County. He notes that in the short term it is not anticipated that any major transactions in relation to the disaster will take place in Orange County. However, Dirks said, “One anticipates, at least in terms of Orange County, that as time goes on some of the small or medium-sized firms will be looking for space in the Hudson Valley.”Ronald W. Coan, president and chief executive officer of the Dutchess County Economic Development Corp., in Poughkeepsie agrees with Dirks’ short and long term assessments. Coan stresses that Dutchess County, except for providing information about possible suitable sites for affected New York City firms, will not actively market the county to these companies in light of the disaster. “We are not going to try to take any undue advantage of the tragedy,” he says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.