Page 29 - 2020 Westchester Economic Development Guide

Mastercard
Purchase
Mastercard is a global financial ser- vices corporation founded in 1966 by a consortium of banks in California. The company’s principal business is processing payments between mer- chant banks and card-issuing banks or credit unions of consumers who use their branded debit, credit and pre- paid cards to make purchases. Prior to going public in 2006, the company was a cooperative owned by the more than 25,000 financial institutions that issue its branded cards.
the world – and the largest within North America. After being headquartered in Manhattan, the company moved to a 112-acre site in Purchase.
“PepsiCo is proud to call Westchester our home. The quality of life, top talent and outstanding resources create a positive environment to do business.”
—Indra Nooyi, Former CEO, PepsiCo at Business Council of Westchester Annual Dinner, October 2018
“Over 30 years ago, we opened our first labs in Westchester County. With an entrepreneurial spirit and top scientific talent, we set out to
“The Westchester community – in- cluding other businesses and the local communities – combined with the proximity to Manhattan, mass transit, a major airport, and several highways connecting the tri-state area has helped in our efforts to bring great talent and bright thinkers into our organization.”
—Mercedes Garcia, VP, Community Relations at Mastercard and former member of the Business Council of Westchester’s Board of Directors.
PepsiCo
Purchase
PepsiCo is a multinational food, snack and beverage corporation founded in 1965 when the Pepsi-Cola Company merged with Frito-Lay, Inc. The com- pany has expanded from its flagship Pepsi product to a broader range of food and beverage brands, includ- ing Tropicana beverages, Quaker Oats and Gatorade. Based on their net revenue, PepsiCo is the second larg- est food and beverage business in
Regeneron
Tarrytown
Founded in 1988 and headquartered in Westchester ever since, Regeneron is a leading biotechnology company with a deep scientific focus. The com- pany has developed medicines to treat conditions such as blindness-causing diseases, atopic dermatitis, asthma, certain cancers and even Ebola. The company’s 150-acre corporate campus is located in Eastview, near Tarrytown. The company also paid $50 million to purchase the New York Life Insurance office and campus in Sleepy Hollow, and $73 million to purchase an unde- veloped 100-acre parcel adjacent to its Eastview campus.
fundamentally change the lives of people with serious diseases. Our decision to locate our headquarters here has greatly supported our suc- cess. Westchester and the Hudson Valley boast a highly educated workforce, top schools, tremendous natural beauty, and an unmatched history and culture – all located just minutes from New York City. The unique benefits of the region make this a fantastic place to live, work, and enjoy.”
—Leonard S. Schleifer, M.D., Ph.D., Co-Founder, President and Chief Executive Officer and George D. Yancopoulos, M.D., Ph.D., Co-Founder, President and Chief Scientific Officer
WESTCHESTER COUNTY ECONOMIC DEVELOPMENT GUIDE 27