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According to a report
by the Westchester County Department of Planning, Westchester ranks
fourth among New York State counties in overall sales volume and
number of stores. New Rochelle contributes a relatively small portion
of Westchester's retail sales, which reached $7.5 billion in 1992.
In that year, New Rochelle's retail sales of $416 million made up
only 5.5% of the county's total.
Westchester County includes
a small portion of industrial-type space that is 39million square
feet or 3.3 percent of the region's entire inventory. Many of the
newly constructed establishments were located along the recently
completed Interstate 287 between Port Chester and Tarrytown. Manufacturing
has seen the largest decline in employment share, falling from 16%
in 1988 to 9.8% in 1998. Service sector employment is projected
to be responsible for nearly all of the growth in employment over
the 1998 to 2003 period.
By 2001, there are expected
to be 2,223,131 households with a total income of $170,192,190,000
within 15 miles of the proposed Redevelopment Area. $35,740,359,000
would be available for the purchase of goods and services at retail.
$525,000,000 would be spent on major home appliances, and $4,375,000,000
would be spent on other "household furnishings and equipment".
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