Good Economic News For Yonkers

In addition to all the property-development activity, there has been a definite upswing in economic good news from Yonkers in the last year or so. Last September, Kawasaki Rail Car Inc., a major tenant at the downtown technology campus i.Park Hudson and one of the largest private employers in the city, won an MTA contract for $1.83 billion to build rail cars for Metro-North and the Long Island Rail Road. Just days before the contract award, the company closed on the $25.2-million purchase of its Yonkers plant near the city’s downtown waterfront.

ContraFect Corporation, a biotechnology company also located in i.Park, recently landed $9.5 million in backing from Chinese investors to fuel its continued growth. And Mindspark, a unit of Barry Diller’s online media conglomerate IAC, moved 160 employees from White Plains to new space in i.Park late last year. 

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