Volume 2, Issue 3
Table of Contents
Table of Contents
Cover Story:
Taking Rockland’s Pulse
When it comes to healthcare, the prognosis is good for Rockland County
Feature Story:
Trends In Senior Living
From home health care to hospice care, assisted living to nursing homes, find out what's right for you
RBD Round-Up:
RBD's First Annual Small Business Awards
We’re looking for you! Find out more about our new awards program—and how to nominate a small business
DEPARTMENTS:
Economic Round-Up
• The Smart Investor
How should you manage your retirement?
Retail Round-Up
• The Most Wonderful Time of the Year
Retailers expect respectable sales as shoppers head into the holidays
Business Round-Up
• Things You Should Know
The County hires a new health commissioner, Wyeth celebrates the century mark
• Marketing By Design
The fine art of advertising
• Rockland Newsmakers
Ask The Expert
• Limited Liability and Company Retirement Plans
Dedicated Section:
Rockland Business Association:
The President’s Desk
It’s Been A Very Good Year...and It Ain’t Over Yet
Marking a Milestone
The Old 76 House in Tappan becomes
the RBA’s 1,000th member.
RBA Happenings
• Committee and Council Info
• Calendar of Events
• New Members
Advertiser Index
Publishing Information
Rockland Business Digest, LLC
Co-Publishers:
Ken Mahoney & Steven Powell
For complete publishing information, please click here.
Business Round-Up:
Things You Should Know
The County hires a new health commissioner
while Wyeth celebrates the century mark
Compiled by the RBD Staff
County Hires New Hospitals Commissioner
Rockland County Executive C. Scott Vanderhoef recently named Richard Maloney, a former administrator of the County Hospitals Department, will take over as Commissioner later this year. A resident of Stony Point, Maloney, 59, will work for $1 until he transitions out of his current position with the Albany-based County Nursing Facility of New York, where he serves as executive director. Maloney will resign his duties with the lobbying organization, which represents the interests of 40 public nursing homes, including Rockland’s, within the next few weeks.
“I am very pleased to welcome Richard Maloney to our staff, and have every confidence that he has the expertise and enthusiasm that we’ve been searching for to fill this key position,” Vanderhoef said. “He’s a proven administrator with a background in County government who can hit the ground running and get things done.”
Maloney worked for Rockland County as a health inspector from 1970 to 1976, and served as its Administrator of the Department of Health from 1979 to 1987. He worked as the Chief Operating Officer of the Summit Park Hospital from 1987 until 2002, when he retired from County government. Among his other duties, Maloney, who is a licensed nursing home administrator in New York and Pennsylvania, will oversee approvals for the County’s new nursing home, which is scheduled to appear before New York State Department of Health planning boards next month.
“I’m very excited about the County’s plans to build a new facility. It’s something I haven’t had a chance to do yet in my career,” Maloney said. “I think I can have a positive impact on the Department of Hospitals. I have to come in, analyze every department and find out where I can make efficiencies.”
Maloney graduated Marist College in 1970 with a bachelor’s degree in business, and received a Masters degree in Public Health from University of Pittsburg in 1974.
Wyeth Celebrates the Century Mark
With 3,200 people working on its 500-acre campus in Pearl River, Wyeth has always been recognized as a giant in the community. The Pearl River facility, one of the largest manufacturing and research facilities in Wyeth’s global network, recentlymarked its 100th anniversary by honoring the generations of employees at the site who have contributed to significant advances in medical science and human health.
The Pearl River campus is a recognized leader in the discovery, development and manufacture of a wide range of innovative health care products, including pharmaceuticals, vaccines, biotechnology products and non-prescription consumer products.
“The history of Pearl River closely mirrors the history of the modern pharmaceutical industry,” says Charles Portwood, president Technical Operations & Product Supply (TO&PS). “Over the years, it has been associated with many of the important medical advances and accomplishments in the health care field. And it continues to produce some of Wyeth’s most sophisticated products and to pioneer manufacturing innovations that are used across the Wyeth network.”
Today, the Pearl River facility is responsible for producing a number of Wyeth’s leading products, past and present. Included today are such products as Prevnar®, (Pneumococcal 7-valent Conjugate Vaccine [Diptheria CRM197 Protein]) and Centrum®.
Many Face Layoffs as Key Bank-USB Acquisition Moves Into Place
It comes as no surprise that many Union State Bank employees will face layoffs as KeyBank completes its acquisition of the Orangeburg-based bank by the end of the year. Most of those jobs eliminated will come from the bank’s corporate headquarters on Dutch Hill Road, says KeyBank spokeswoman Therese Myers, noting that those employees working with clients in the bank's branches will be unaffected.
Provident to expand into Westchester
Just as shareholders were preparing to vote on the USB-KeyBank acquisition comes news that the county’s other community bank has plans to expand on the other side of the Hudson. Provident Bank in November that it plans to open a Commercial Loan Center in Tarrytown, which will be the first step in a planned expansion into Westchester County. The office will be open on or about December 1.
The Commercial Loan Center will be located at the Talleyrand Office Park, 200 White Plains Road and will provide a full range of financing for small and mid-sized businesses, including mortgages, lines of credit, construction and equipment financing and SBA loans. Provident Bank Senior Vice President Bill Lamadore and Regional Vice President Vincent DeLucia will lead the team of six employees based in Tarrytown.
“Westchester County has a robust economy with a large number of growing small and mid-sized businesses,” said George Strayton, President and CEO of Provident Bank. “Provident Bank’s new Westchester Loan Center will give the county’s entrepreneurs the financing, local expertise and fast, local decision making they need to thrive in today’s challenging economy.”
The news came just a day after one of Westchester’s last remaining community banks, Sleepy Hollow Bank announced it was being acquired by Mahopac National Bank.
Provident Bank, which already has 33 branches throughout the Hudson Valley region, will be looking at opportunities to expand its presence in Westchester County over the next several years, including offices providing a full range of personal and business banking and lending services to meet the needs of the county’s businesses.
“Westchester County needs more locally focused, community banks like Provident,” said Stephen G. Dormer, Executive Vice President of Commercial Lending and Strategic Planning. “Many of Westchester’s community banks have been merged out of existence during the past few years. Provident Bank will fill that void by providing local commercial relationship managers who know their customers, invest in the community and provide the quick decisions business owners need. Our experienced commercial lending officers have an average of 25 years of experience in serving business customers.”
Smooth sailing for commuters?
One of the most promising efforts in a long time was the inauguration of the first Haverstraw to Manhattan ferry service, which began in July. Operated by the New York Water Taxi, the ferry provides service from Haverstraw to Yonkers and then onto the World Financial Center and Wall Street. The service will be a new travel option for Rocklanders and will also “provide a boost to the revitalization of downtown Haverstraw,” said County Executive C. Scott Vanderhoef.
It will cost $15 for a one-way commute; $130 for 10 trips and $450 for 40 trips. Fares between Haverstraw and Yonkers are $7 one way. The New York Water Taxi craft seats 149 passengers on two decks. Ridership numbers are still low as the service is still in its infancy. We’ll keep you updated in future issues. RBD
Rockland County Executive C. Scott Vanderhoef recently named Richard Maloney, a former administrator of the County Hospitals Department, will take over as Commissioner later this year. A resident of Stony Point, Maloney, 59, will work for $1 until he transitions out of his current position with the Albany-based County Nursing Facility of New York, where he serves as executive director. Maloney will resign his duties with the lobbying organization, which represents the interests of 40 public nursing homes, including Rockland’s, within the next few weeks.
“I am very pleased to welcome Richard Maloney to our staff, and have every confidence that he has the expertise and enthusiasm that we’ve been searching for to fill this key position,” Vanderhoef said. “He’s a proven administrator with a background in County government who can hit the ground running and get things done.”
Maloney worked for Rockland County as a health inspector from 1970 to 1976, and served as its Administrator of the Department of Health from 1979 to 1987. He worked as the Chief Operating Officer of the Summit Park Hospital from 1987 until 2002, when he retired from County government. Among his other duties, Maloney, who is a licensed nursing home administrator in New York and Pennsylvania, will oversee approvals for the County’s new nursing home, which is scheduled to appear before New York State Department of Health planning boards next month.
“I’m very excited about the County’s plans to build a new facility. It’s something I haven’t had a chance to do yet in my career,” Maloney said. “I think I can have a positive impact on the Department of Hospitals. I have to come in, analyze every department and find out where I can make efficiencies.”
Maloney graduated Marist College in 1970 with a bachelor’s degree in business, and received a Masters degree in Public Health from University of Pittsburg in 1974.
Wyeth Celebrates the Century Mark
With 3,200 people working on its 500-acre campus in Pearl River, Wyeth has always been recognized as a giant in the community. The Pearl River facility, one of the largest manufacturing and research facilities in Wyeth’s global network, recentlymarked its 100th anniversary by honoring the generations of employees at the site who have contributed to significant advances in medical science and human health.
The Pearl River campus is a recognized leader in the discovery, development and manufacture of a wide range of innovative health care products, including pharmaceuticals, vaccines, biotechnology products and non-prescription consumer products.
“The history of Pearl River closely mirrors the history of the modern pharmaceutical industry,” says Charles Portwood, president Technical Operations & Product Supply (TO&PS). “Over the years, it has been associated with many of the important medical advances and accomplishments in the health care field. And it continues to produce some of Wyeth’s most sophisticated products and to pioneer manufacturing innovations that are used across the Wyeth network.”
Today, the Pearl River facility is responsible for producing a number of Wyeth’s leading products, past and present. Included today are such products as Prevnar®, (Pneumococcal 7-valent Conjugate Vaccine [Diptheria CRM197 Protein]) and Centrum®.
Many Face Layoffs as Key Bank-USB Acquisition Moves Into Place
It comes as no surprise that many Union State Bank employees will face layoffs as KeyBank completes its acquisition of the Orangeburg-based bank by the end of the year. Most of those jobs eliminated will come from the bank’s corporate headquarters on Dutch Hill Road, says KeyBank spokeswoman Therese Myers, noting that those employees working with clients in the bank's branches will be unaffected.
Provident to expand into Westchester
Just as shareholders were preparing to vote on the USB-KeyBank acquisition comes news that the county’s other community bank has plans to expand on the other side of the Hudson. Provident Bank in November that it plans to open a Commercial Loan Center in Tarrytown, which will be the first step in a planned expansion into Westchester County. The office will be open on or about December 1.
The Commercial Loan Center will be located at the Talleyrand Office Park, 200 White Plains Road and will provide a full range of financing for small and mid-sized businesses, including mortgages, lines of credit, construction and equipment financing and SBA loans. Provident Bank Senior Vice President Bill Lamadore and Regional Vice President Vincent DeLucia will lead the team of six employees based in Tarrytown.
“Westchester County has a robust economy with a large number of growing small and mid-sized businesses,” said George Strayton, President and CEO of Provident Bank. “Provident Bank’s new Westchester Loan Center will give the county’s entrepreneurs the financing, local expertise and fast, local decision making they need to thrive in today’s challenging economy.”
The news came just a day after one of Westchester’s last remaining community banks, Sleepy Hollow Bank announced it was being acquired by Mahopac National Bank.
Provident Bank, which already has 33 branches throughout the Hudson Valley region, will be looking at opportunities to expand its presence in Westchester County over the next several years, including offices providing a full range of personal and business banking and lending services to meet the needs of the county’s businesses.
“Westchester County needs more locally focused, community banks like Provident,” said Stephen G. Dormer, Executive Vice President of Commercial Lending and Strategic Planning. “Many of Westchester’s community banks have been merged out of existence during the past few years. Provident Bank will fill that void by providing local commercial relationship managers who know their customers, invest in the community and provide the quick decisions business owners need. Our experienced commercial lending officers have an average of 25 years of experience in serving business customers.”
Smooth sailing for commuters?
One of the most promising efforts in a long time was the inauguration of the first Haverstraw to Manhattan ferry service, which began in July. Operated by the New York Water Taxi, the ferry provides service from Haverstraw to Yonkers and then onto the World Financial Center and Wall Street. The service will be a new travel option for Rocklanders and will also “provide a boost to the revitalization of downtown Haverstraw,” said County Executive C. Scott Vanderhoef.
It will cost $15 for a one-way commute; $130 for 10 trips and $450 for 40 trips. Fares between Haverstraw and Yonkers are $7 one way. The New York Water Taxi craft seats 149 passengers on two decks. Ridership numbers are still low as the service is still in its infancy. We’ll keep you updated in future issues. RBD
