Hudson Valley Loses 28,000 Households
By WKIP News
(Poughkeepsie, NY) -- A new report by the Marist Bureau of Economic Research in Poughkeepsie finds the Hudson Valley saw the loss of 28-thousand households between 2011 and 2016.
A researcher for Marist called the loss of households a serious issue, saying it amounted to a loss of one-point-three billion dollars in adjusted gross revenue for the region. Christy Huebner Caridi, Director of the Bureau and Assistant Professor of Economics at Marist says, "That kind of loss impacts everything from how infrastructure is maintained to what businesses might come into the region."
Caridi says most people left the Hudson Valley for southern destinations, citing retirement, lower cost of living, and reduced state and local regulations.
. (Photo by Justin Sullivan/Getty Images)