NJ Economic Development Veteran Hired For New Position with Business Council

Real Estate In-Depth | November 2019

From left, Board Directors Anthony Justic, Heidi Lowe Davidson, Maggie Peters, Marsha Gordon and John Ravitz of the Business Council of Westchester.

RYE BROOK—The Business Council of Westchester announced on Nov. 12 that Maggie C. Peters has been hired as Senior Vice President of Economic Development, a newly created position with the Westchester County business advocacy organization.

Most recently Peters served as the Senior Community Development Officer for the New Jersey Economic Development Authority in Newark, NJ where she facilitated the approval of incentives that resulted in more than $954 million of direct investment into New Jersey real estate. Peters also played an integral role in securing more than $933 million in tax credits for companies to retain and create new jobs in New Jersey, resulting in nearly 19,000 jobs during her tenure from 2015 to present.

At the same time, from May 2018, she served as the Executive Director of the Fair Lawn Economic Development Corporation. There she oversaw the development, administration and implementation of Fair Lawn’s economic development and redevelopment programs while serving as a liaison with other boroughs, state and county departments and actively marketing Fair Lawn’s assets.

Peters will serve as a proactive advocate for the unique “live, work, play” benefits Westchester offers, with a focus on attraction and retention of businesses of all sizes to the county, Business Council officials stated. Her initial outreach will target major employers, industry clusters and community stakeholders to assess existing initiatives and needs. She will also be involved in workforce development initiatives, cultivating investment opportunities, nurturing entrepreneurship and marketing Westchester as the premier place to invest.

Marsha Gordon, president and CEO of the BCW, said, “In creating this new position, the BCW is saying loud and clear—Westchester County is eager to do business and the BCW is the business organization equipped to help. We have always had the people, tools and know-how to get things done for our members, and now even more so. This new position is a natural progression for the BCW, which has taken advocacy work on behalf of the business community to its highest level.”

She added, “Maggie Peters brings a wealth of knowledge and experience when it comes to implementing plans, programs and policies that create major impact. We welcome her to the BCW and look forward to her playing an active role in Westchester’s robust business community.”

“I am humbled and excited to get to work on behalf of the Business Council of Westchester and the Westchester community at large,” Peters said. “I am eager to build upon the county’s successes while forging new pathways for collaboration, strategic planning, advocacy and outreach. The time has never been better for businesses to build, connect and win in Westchester, and I hope to accomplish a best-in-class economic development program that enhances the quality of life, employment and investment in the county.”

From 2011-2015, Peters worked reestablishing and leading economic development initiatives for the Bergen County Economic Development Corporation. As director, she increased the organization’s overall revenue and assisted approximately 10 companies every month to attract, retain and create investment in the county.

She also served as Executive Director of the Morris County Economic Development Corporation, where she was responsible for a $230,000 operating budget, delivering a $60,000 upside to the EDC over a three-year period. She assumed this position after successfully serving as the EDC’s Economic Development Coordinator from 2005-2008, directly supporting six businesses with their relocation or expansion efforts, which created 400 new jobs and an additional $625,000 of annual property tax revenues in Morris County.

Peters has a master’s degree in Public Policy & International Affairs and a bachelor’s degree in Political Science, both from William Paterson University in Wayne, N.J. Her certifications include the Northeastern Economic Developers Association (NEDA) Economic Development Professional (EDP) Certification, recognizing significant professional education and/or experience in the field of economic development and related industries; and the University of Oklahoma Economic Development Institute Certification, requiring 117 hours of course work in Business Retention/Expansion, Real Estate and Finance.