HVEDC Board of Directors Welcomes New Member Richard Krupp of Pierpoint Capital

GOSHEN, N.Y. (October 4, 2018) – Hudson Valley Economic Development Corporation (HVEDC) announced the appointment of Richard Krupp, Co-Founder and Managing Partner of Pierpoint Capital, to its Board of Directors.

Krupp is an experienced investor in both private companies and real estate. He currently serves on the board of CoreFlow, a precision aeromechanical manufacturing equipment company, and as a director on the board of Berkshire Group, a national real estate investment management company. Prior to launching Pierpoint Capital, Krupp held acquisitions and asset management positions at Berkshire Group. He also served as a director on the board of Berkshire Income Realty, Inc. in the years leading up to its privatization in 2015.

“We are pleased to welcome Richard to our Board,” said Mike Oates, President and CEO of HVEDC. “His background touches many areas, including money management, manufacturing, real estate and the environment, all of which are valuable assets to have on the HVEDC Board of Directors.”

“It is an honor to have this opportunity to positively impact the Hudson Valley economy,” said Krupp. “I am looking forward to working with this prestigious board to help HVEDC as it works to attract and retain businesses in the region.”

Krupp began his career at American Property Financing, holds a bachelor’s degree from Boston University and focuses his non-profit work as a board member of the Krupp Foundation and as Co‐Vice Chairman of the Board of Scenic Hudson, the largest environmental group working to protect and enhance the Hudson River Valley.

“Richard Krupp’s investment and business acumen combined with his passion for the Hudson River and its landscapes will be valuable in helping to shape the leading initiatives of the Hudson Valley Economic Development Corporation and advance its mission,” said Scenic Hudson President Ned Sullivan. “Richard recognizes that attracting new businesses and jobs to the region depends on protecting the natural treasures that contribute to its residents’ outstanding quality of life – including family farms that supply fresh food and parks and trail systems that support healthy lifestyles.”

About Hudson Valley Economic Development Corporation (HVEDC):

HVEDC is the leading economic development agency for the seven-county region of Westchester, Putnam, Dutchess, Rockland, Orange, Ulster and Sullivan counties. The public-private partnership markets the region as a prime business location to corporate executives, site selection consultants and real estate brokers. HVEDC helped start the organizational, branding and promotional effort for NY BioHud Valley, Hudson Valley 3D Printing, and the Hudson Valley Food & Beverage Alliance. To learn more, call 845-220-2244 or visit hvedc.com.