Value to Recruitment
M&T Bank — New York, NY
To recruit employees to work in high-cost urban locations, companies need access to commuter rail systems that provide access to more affordable outlying communities. M&T Bank has more than 13,000 employees predominately located in NEC states. M&T Bank’s Regional President in Greater New York City, Peter D’Arcy, says that many of its employees cannot find affordable, adequate housing options in the City. To stay in New York City, they depend upon commuter rail and other transportation options. If commuting into New York City became too difficult, inefficient, or unpredictable, Mr. D’Arcy believes that companies would need to assess other potential business locations.
Commuter rail helps connect M&T Bank to its workforce. Source: Adam Fagen.