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SPECIALTADhVeERWTIeSIsNtGchSEeCsTtIeOrNBusinessConfidenceIndexissponsoThrTheThdebeBeyBuBthsueisnBienusesisnsseCssCosuoConuouucniclciolofofWfWWesettcschthecsehtsetrs.setrer Designed and conducted by DataKey Consulting.
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RegiioionallEcconomiicicCouncciili
Westchester Business
Confidence Index
Westchester Business Confidence Index is sponsored by the Business Council of Westchester and designed/conducted by DataKey Consulting®. The Index focuses on key business metrics, such as trends in staffing levels, top line
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revenues, bottom line profits, capital spending budgets, and other industry performance data. Critical data was
$$2233MininEEccoonnoomicic
captured and analyzed against comparison points of one quarter and one year ago.
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60 40
80
T 20
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BCI Level (0-100)
0
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4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10
3Q10
DKBCI 27 30.1 42.4 41.2 52 47.2 52.2
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The 2Q-2013 Westchester Business Confidence Index reading of 58.5 (on a scale of 1 to 100) indicates that local businesses
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remain cautiously optimistic about the business climate. Though this quarter’s reading represents a slight decline from the
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previous quarter, the business outlook remains more than twice as positive from the low point reading of 27 in 4Q-2008.
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aTnahanenonuWonuecnsectcdcehadetsaotetoaortltauoalnlfoe$fmf7$3p78l3o3m8y8mimleliniollltniiornate of 6.1% in April continues to consistently run below the national (7.5%, per
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to concerns about the locaslpsasapnpcadeacnweaiwtllioirillenll rcarel cipveoeiilviateic$a1l$-a1m1n-midmlliriiolellnigioubnlaobtosrotyst stastrtata-rut-p-ubpibobtiioeotctehcnhonloglloygcyocmompmapnaiensiie.es..
absaupsaipnratearsortstfeorsfof rwuroneurdnentdswtiowlwl ocoafoutfhtfitetohusestasatbaeaot’tseu’’sts the near future due
environments. As one Business Council of Westchester member commented, “At lefarosfrtmrotmhmtihntetghsethasatvaeaetaestawsbewilileze.elTlld.h.Teahnpedrpopifrprotohpsiosoesdsiesed
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the new normal, our company can deal with it, we are forging ahead with new offerin$g2s$0a20n0-d0m0-p-mimllaiionlllniitornedrdoredsdvoemvloepllohomiprimemnnget.n”notfotfhf tethe
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Highlights: Rising Stars YoungrPergreoeiogfniieo.nsnIns..IiIJnonuJnlJyua,llytylh,s,tethsetastHaeatyaenpanenonrnuo-onGucnrneocdewdth Company
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• 70% of Westchester companies report that hiring and
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retaining young employees is “Very Important” or MMaMrasahrsahGaoGrodorordno,nP,,rPePrsreiedseiidnetnatnadnd
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In the past year, Durante Rentals has increased sales by
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“Important” to their business. Says the CEO of one Mid- CECOEOoOfotfhf tethBeuBsuinseiinsesesCsoCuonucnilcoiillfof
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50+%, and added close to 15 new employees.
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$9$39m3mimlliiolllniioiniisntastaeateceocnonmomimciic TheCompany:B2BConstructionEquipmentRental thelife-bloodofastablecompany.”bibobpiiohpahramarmamcaeacuetuiuctaiiclcaianllciinucbuabtaoatrto.or.. thtethReeRgeiogniioanlaEallcEoEcnonmomimciCicoCuonucnilciill
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We attribute our rapid growth to: Passion, People, and
• The top strategy for hiring/retaining talented young
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professionals (as reported by 60% of respondents) is to is iaistaretrmrememnednoduosuesnednodrosoersmsememnetnotfof fufnfudnindgiinfgofrfotrhrtethaeraearare.a.. iniiNneNwewRoRcohcehllelllrercreciveeiivde$d1$.51..5
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Advice for companies wanting to grow: Pinpoint your environment that's welcoming to other young ofotfhftethperpoprjreocjjetsctisnsiiWnWeWsetecshtcehseteestrtetrhrtathtat
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professionals. wewrerperpoprpropsoesdsefdofrfofrurfnfudnindgiin.gM..MyMy
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grgogruronyudonuldanslglataesmtmt mompnlotnhynet,theha,sn, adnread:maHa mamrjoadarjjWorork, Ability to Learn, and CoCuonucnilchiillahsansontotnolynlblyebeenetnotmo mamkaeke affaoffffrodorardbalbebllrernretnantltahallohuosuinsgiinwgiwthiith
Communication Skills. susrueurtehtathtattht tethsesveevreyeriymy iimpmoprotoartntatnt
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ini•iNneNwTeowRpotRhcohrecehehllereelllaeaersaeoarnaesmapmomansotgnRtgihsitetnhgeStars recipients report
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WWeWsetecscshthtceohsoetesesisntrtegeCrWoCuoeonsutncynhtpyeyrspoptrejreorcjjtetosctwtshotatrhtka/wtltiviwlel iilallre: Good Network of
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grgagrnratnGnfturtefnfuaudtniPndlgiainc.geg..to Raise a Family. NeNwewRoRcohcehllell,lleae,n,ainiitniiaitiiaiavteiivaetaStoSuonudnd a sauscucceccsesefsusflfuellnedn.dIt..iIIstivisevreyeryerwreawradarirndgiing ShSohroeorMeMeMdeicdaiiclcaCalleCnetnentrtetrortboDubialudtiailladKaeay Consulting, LLC –- (914) 945-8808
• 80% of past Rising Stars report an 80-100% chance of staying in Westchester over the next 5-10 years.
4Q10
1Q11
2Q11
of the Quarter
3Q11
4Q11
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Planning. Passion for excellence, people who give their
all, and data-driven financial and strategic planning.
1Q12
“unfair advantage” – what you do that competitors can’t
– then work hard, be disciplined, and love what you do.
For more information: Chris Jones, CFO –
cjones@duranterentals.com, 914-663-6969
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2Q12
3Q12
4Q12
2Q13
54.3
56.9
62.3
66.3
41.6
54.2
64.8
65.9
59.2
65.8
58.5
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55