The Business Journals - Week of November 16

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NOVEMBER 16, 2020 VOL. 56, No. 46

TR US TE D J O U R NALI S M AT YO U R FI N G E RTI P S westfaironline.com

POSITIVE SPINS

From left: Ray Dalio and Indra Nooyi.

Hybrid companies seen in Westchester’s future

Covid-19, China and Biden top issues at Greenwich Economic Forum BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com

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ovid-19, China and the new comm a n d e r- i n - c h i e f were the main topics at the third annual Greenwich Economic Forum, held virtually Nov. 9-11. Speaking on Nov. 9, Bridgewater Associates founder Ray Dalio cheered that day’s announcement that Pfizer’s Covid-19 vaccine candidate was more than 90% effective in pre-

venting coronavirus in trial volunteers. “One way or another, the virus will go away, I think,” he said. “Then we will go back to relative normal, we assume.” Dalio further said the recent election was the latest proof that “The biggest problem is that we have the largest political divide and wealth divide in this country since the 1930s.” And, as he did at last year’s forum, the Greenwich billionaire

warned that, should the current “political gap, opportunity gap and wealth gap” continue, a civil war could erupt. “There’s a limitation to what people will give up,” he declared. Dalio called the current moment analogous to 1933 and 1971: “We have quite a lot of debt and we’re funding that with the printing of money. The dollar has been weakening — but not unacceptably so.” » POSITIVE SPINS

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BY PETER KATZ pkatz@westfairinc.com

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n effort begun a year ago by Robert Martin Co. (RMC) to attract new biotechnology and high-tech companies to its Westchester properties has resulted in a medical technology company from New York City taking 7,000 square feet of space at 12 Skyline Drive in its MidWestchester Executive Park in Hawthorne. Laurence Gottlieb,

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who heads the RMC Bio1 initiative, told the Business Journal that additional prospects are in the pipeline. Clarapath, which was founded in 2014 and has been at the New York Genome Center in the SoHo section of Manhattan, provides services in the field of histopathology, the microscopic study of diseased cells and tissues. It has developed a device to help automate the lab work that’s involved in examining tissue samples. RMC launched its Bio1 initiative last October by naming Gottlieb as the company’s managing director for life sciences and health technologies. From February 2013 to May 2018, Gottlieb was president and CEO of the Hudson Valley Economic Development

Corp. (HVEDC). For more than three years before that he was director of economic development for Westchester County. His background also includes senior positions with public relations firms BursonMarsteller and Nicholas & Lence Communications. Gottlieb told the Business Journal that back in 2010 when he was with Westchester’s Office of Economic Development and the economy was still recovering from the 200809 recession he noticed that one of the few industries that was hiring was the life sciences industry. “I started meeting with as many executives as I could and I found out that they were not immune to what was happening in the recession, but that » HYBRID 11 good


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