Westchester County business Journal 030518

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MARCH 5, 2018 | VOL. 54, No. 10

12 YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS, COVERING THE HUDSON VALLEY

westfaironline.com

Peekskill’s ‘Noo’ era BY ALEESIA FORNI aforni@westfairinc.com

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f you happen to take a stroll down Main Street in Peekskill with its new mayor, Andre Rainey, it won’t take you long to realize he’s something of a local celebrity. Roughly a dozen passersby stop for a handshake, a hug, a quick hello during the 5-minute walk, including a group of off-duty firefighters and a man who leans out the driver’s side window to call, “Andre!” Some even greet

Peekskill Mayor Andre Rainey on the steps of City Hall. Photo by Aleesia Forni.

him by his longtime nickname, “Noodle” or “Noo.” If he has something scheduled in the city, Rainey said, he makes sure to budget extra traveling time in order to greet his constituents. “I love it though,” he adds quickly. “My goal is to be that face that’s friendly, that’s happy, so anyone who’s watching me wants to come see what’s going on here.” That love is apparent in the ever smiling, outgoing Rainey. And while he took up the » MAYOR

New employee benefit: help with the student loan bill BY RYAN DEFFENBAUGH rdeffenbaugh@westfairinc.com

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ollege graduates are entering the workforce with student loan debt averaging about $35,000. Some are finding a new partner in paying those huge monthly bills: their employer. Large companies such as health insurance giant Aetna Inc., Fidelity Investments and international accounting firm PricewaterhouseCoopers provide money toward student

loans as part of their employee benefits package. The companies are responding to a $1.3 trillion issue. Student indebtedness climbed 170 percent between 2006 and 2016. New York Life Insurance Co., which is based in Manhattan and employs about 600 people in downtown White Plains, added student loan assistance to its list of employee benefits last fall. Justin Bush, who works at the company’s office at Westchester One in White Plains, is one of the employees who will benefit.

TWB Loan Decision Top 5 Banner Bush, Ad 33, who has been with 6” wcompany x 1.5” hfour years, directs the 7-31-17, 11am its data modernization efforts. And while his master’s degree in mathematics from Syracuse University helps in that job, it has also left his finances weighed down by student loan debt. “The impact, mentally, is daunting,” said Bush. “You look and say, ‘Wow, that’s a lot of debt.’” Beyond the psychological impact, there are the financial challenges, he said. How do you buy a home or a new car » STUDENT LOANS

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Justin Bush at a conference room at New York Life’s offices in downtown White Plains. Photo by Bob Rozycki.

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