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==Economy== Due to its proximity to New York City, many [[Fortune 500]] companies are headquartered<ref>{{Cite web|url=http://burbsbiz.lohudblogs.com/2009/04/20/eight-westchester-companies-make-fortune-500/|title=Business in the Burbs|access-date=April 23, 2017|archive-date=April 24, 2017|archive-url=https://web.archive.org/web/20170424012324/http://burbsbiz.lohudblogs.com/2009/04/20/eight-westchester-companies-make-fortune-500/|url-status=dead}}</ref> in Westchester county, including: * [[Mastercard|MasterCard]] in the hamlet of [[Purchase, New York|Purchase]] * [[PepsiCo]] in the hamlet of [[Purchase, New York|Purchase]] * [[IBM]] in the hamlet of [[Armonk]] * [[ITT Inc.|ITT Corporation]] in the city of [[White Plains, New York|White Plains]] * [[Jarden]] in the city of [[Rye, New York|Rye]] * [[Universal American]] in the city of [[White Plains, New York|White Plains]] * [[Regeneron Pharmaceuticals]] in the village of [[Tarrytown, New York|Tarrytown]] ===High technology=== {{main|Tech Valley}} Tech Valley is a marketing name for the eastern part of New York State, including the Hudson Valley and the [[Capital District, New York|Capital District]].<ref name=Chambercoalition>{{cite web |title=About Tech Valley |publisher=Tech Valley Chamber Coalition |url=http://techvalley.org/Pages/Live/About%20Tech%20Valley.html |access-date=September 27, 2009 |url-status=dead |archive-url=https://web.archive.org/web/20081103032600/http://www.techvalley.org/Pages/Live/About%20Tech%20Valley.html |archive-date=November 3, 2008 }}</ref> The term originated in 1998 to promote the Greater [[Albany, New York|Albany]] metropolitan area as a competitor to regions such as [[Silicon Valley]] and [[Boston]]. It has since grown to represent the counties in New York between [[IBM]]'s Westchester County plants in the south and the [[Canada–United States border|Canada–U.S. border]] to the north. ===Biotechnology=== Westchester County has also developed a burgeoning [[biotechnology]] sector in the 21st century, with over $1 billion in planned private investment as of 2016,<ref>{{cite web|url=http://www.realestateindepth.com/news/1-2-billion-project-could-make-westchester-a-biotech-destination/|title=$1.2 Billion Project Could Make Westchester a Biotech Destination|author=John Jordan|publisher=Hudson Gateway Association of Realtors|date=January 2016|access-date=April 9, 2016|archive-date=April 24, 2016|archive-url=https://web.archive.org/web/20160424213225/http://www.realestateindepth.com/news/1-2-billion-project-could-make-westchester-a-biotech-destination/|url-status=dead}}</ref> spurring ''[[Westchester Magazine]]'' to nickname the county ''Biochester''.<ref>{{cite web|url=http://www.westchestermagazine.com/914-INC/Q2-2015/Westchesters-Unexpected-Powerhouse-Position-In-the-Biotech-Industry/|title=Westchester's Unexpected Powerhouse Position In the Biotech Industry - Four years after our initial look at Westchester's biotech industry, the sector has gone from fledgling to behemoth.|quote=All around, there are signs of a Biochester bloom:|author=Steve Ditlea|date=May 7, 2015|publisher=Today Media|access-date=April 7, 2016}}</ref> In April 2017, county officials unveiled plans for an 80-acre, 3 million square-foot biotechnology hub to be built with US$1.2 billion in private investment on vacant land adjacent to [[Westchester Medical Center]] in [[Valhalla, New York|Valhalla]]; the bioscience center, a public-private partnership, is anticipated to create 12,000 new jobs and include over 2.25 million square feet of biotechnology [[research]] space.<ref>{{cite web|url=http://whiteplains.dailyvoice.com/business/12b-westchester-biotech-center-deal-will-create-12k-jobs-officials-say/706041/|title=$1.2B Westchester Biotech Center Deal Will Create 12K Jobs, Officials Say|publisher=White Plains Daily Voice|date=April 3, 2017|access-date=April 3, 2017}}</ref><ref>{{cite web|url=http://www.lohud.com/story/news/local/westchester/2017/04/03/biotech-research-valhalla/99974708/|title=Biotech research: Massive Valhalla center forges ahead|author=Richard Liebson|publisher=LoHud the Journal News - part of the USA TODAY network|date=April 3, 2017|access-date=April 3, 2017}}</ref>
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