Contact Us
Somers Daily Voice serves Somers, NY
Return to your home site

Menu

Somers Daily Voice serves Somers, NY

Nearby Towns

Breaking News: Ex-Westchester Resident David Cassidy Of 'The Partridge Family' Dies At 67
business

Somers Businesses Wonder About Impact Of IBM's Loss

The pyramid-topped buildings at IBM's once bustling campus in Somers. The technology giant is moving the last of its staff to its headquarters in Armonk next year and local businesses are worried about the economic fallout.
The pyramid-topped buildings at IBM's once bustling campus in Somers. The technology giant is moving the last of its staff to its headquarters in Armonk next year and local businesses are worried about the economic fallout. Photo Credit: Wikipedia

SOMERS, N.Y. -- Restaurants and other businesses in Somers are bracing for the loss of another mega-taxpayer and revenue generator, according to a report by lohud.com.

IBM once had thousands of employees at its 730-acre Somers campus and many of them lived in the town and patronized local establishments, the lohud.com story said.

The IBM property is bounded by Routes 100 and 116 and has buildings with pyramid-shaped tops that can be seen from Goldens Bridge and Carmel.

By March, IBM will have moved the last of its staff to its headquarters in Armonk.

Somers was already reeling after beverage and snacks conglomerate PepsiCo relocated to southern Westchester.

PepsiCo's campus was purchased for $87 million last year by a limited liability company linked to Mexican business tycoon Carlos Slim Helú.

According to Forbes, Helú bought PepsiCo's former headquarters, which sits on a 200-acre campus, as an investment.

Town officials, looking several years ahead, have tried to calm economic fears by pointing to potential new revenue sources such as Somers Crossing, a proposed mixed-use development which would contain townhouses and some retail, the lohud.com article said.

To read the lohud.com article, click here.

To read the Forbes article, click here.

to sign up for Daily Voice's free daily emails and news alerts.

Welcome to

Somers Daily Voice!

This is a one time message inviting you to keep in touch

Get important news about your town as it happens.