GOSHEN – The Board of the Hudson Valley Economic Development Corporation has decided to rescind its intent to merge with the Westchester County Association.
Leadership of the two organizations months ago announced intent to join forces, but the HVEDC board voted to withdraw from the deal “because it did not want to compromise the mission of our organization,” said Chairman Robert Levine. “HVEDC serves as one voice to all seven counties in the Hudson Valley and will continue representing all of our members.”
He said his organization’s “strong representation of businesses and organizations throughout the Hudson Valley continues to grow.” Over the last year, the group has added more than 30 investors from across the region, representing thousands of dollars in new revenue annually, Levine said.
Terminating the deal with the Westchester County Association was “a difficult decision made after significant exploration of the governance structures of the organizations and the needs of the region,” he said.