White Plains-based Xylem Inc., a leading global water technology company, is relocating its headquarters to a larger facility in Rye Brook in 2013, deciding to keep more than 100 jobs in Westchester and creating 15 more by 2016.
Empire State Development said today that Xylem has signed a 10-year lease to rent the second and third floors at Reckson Executive Park at 1 International Drive in Rye Brook. The company had considered moving to other tri-state locations, but decided to stay in New York with $1.35 million in Excelsior Jobs Program tax credits and a $1 million Capital Grant.
“Today’s announcement is welcome news,” said Empire State Development President, CEO and Commissioner Kenneth Adams. “Governor Cuomo is committed to attracting and keeping good jobs in New York, and I’m glad the State was able to assist Xylem in staying and growing in Westchester County.”
The 67,145 square foot space will be Xylem-branded and renovated, with plans to satisfy environmental certification standards in keeping with the company’s commitment to environmentally sustainable business practices. Xylem is currently headquartered in a 50,000 square foot facility at 1133 Westchester Ave. in White Plains.
“We’re extremely pleased to be staying in the Westchester community with the support of Governor Andrew Cuomo, County Executive Robert Astorino and the Westchester County Industrial Development Agency,” said Xylem President and CEO Gretchen McClain. “Our new, expanded space will be a modern, world-class headquarters designed to encourage collaboration and training, as well as housing an innovation center. We expect the building to be a source of pride for our employees who work here, as well as for many Xylem employees from all over the world who come here for training and meetings. 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.”
Construction is set to begin in the second quarter, with move-in expected to be completed in the fourth quarter of 2013.
“We are thrilled that Xylem will be expanding its world headquarters in Westchester County,” said Westchester County Executive Robert P. Astorino. “These are good jobs, hi-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.”
Empire State Development is New York’s chief economic development agency. Its mission is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies.
Through the use of loans, grants, tax credits and other forms of financial assistance, Empire State Development strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. Empire State Development is also the primary administrative agency overseeing Cuomo’s Regional Economic Development Councils and the marketing of “I Love NY,” the State’s iconic tourism brand.
Xylem is a leading global water technology provider, enabling customers to transport, treat, test and efficiently use water in public utility, residential and commercial building services, industrial and agricultural settings. The company does business in more than 150 countries through a number of market-leading product brands, and its people bring broad applications expertise with a strong focus on finding local solutions to the world’s most challenging water and wastewater problems.
Xylem, with 2012 revenues of $3.8 billion, has 12,500 employees worldwide. In 2012, Xylem was named to the Dow Jones Sustainability World Index for advancing sustainable business practices and solutions worldwide.
The company was created after ITT Corporation spun off its water business in October 2011. As a result, federal regulations required Xylem’s headquarters to be separate from ITT’s. To help keep the company in Westchester, the Westchester County Industrial Development Agency approved $562,000 in sales tax exemptions for the new space.