Economic Development

Baldwin scores $10M in Albany’s 2019 DRI competition

By GREGORY ZELLER // Downtown Baldwin has taken the regional crown, and the $10 million jackpot, in Albany’s annual downtown-revitalization competition. Following wins by Westbury in 2016, Hicksville in 2017 and Central Islip in 2018, Baldwin – a census-designated hamlet in Nassau County’s Town of Hempstead – will enjoy a $10 million state stipend aimed at sprucing up its downtrodden downtown. On Tuesday, Baldwin became the first winner announced in the fourth-annual Downtown Revitalization Initiative…

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Study: Park is the place for ‘tradeable’ opportunities

By GREGORY ZELLER // It already plays a central role in the Long Island economy, but the economic power of the Hauppauge Industrial Park has barely been scratched. So says a new “opportunity analysis” of the Northeast’s largest business park, prepared by the Suffolk County Industrial Development Agency and the Hauppauge Industrial Association of Long Island and announced Wednesday by Suffolk County Executive Steve Bellone. “Hauppauge Industrial Park: Regional Competitiveness and Growth Strategies” spends 160…


Minority-owned businesses benefit as Hofstra ‘Ascends’

By GREGORY ZELLER // A new university/government/industry outreach program focused on minority entrepreneurs received an executive-grade kickoff Tuesday at Hofstra University. Funded by a $350,000 grant from JPMorgan Chase, the Ascend Long Island program – what Hofstra called “the first suburban outpost” of Chase’s larger Ascend 2020 effort – launched with a half-day symposium and an impressive 24 regional businesses already in the fold. Ascend 2020 is a joint effort of JPMorgan Chase’s Small Business…


Shamash departs, SBU economic development realigns

By GREGORY ZELLER // Stony Brook University is bidding farewell to its longtime economic-development guru – and saying hello to a new innovation-and-commercialization protocol, starting with a union of its mighty research and economic-development offices. University President Samuel Stanley Jr. announced Thursday that effective April 1, SBU’s Office of Economic Development will be consolidated within the university’s Office of Research – creating the new Office of Industry-Research Partnerships & Business Services and the new Office of…


Brookhaven backs Bristal Assisted Living, once again

By GREGORY ZELLER // Two senior-living projects will move forward in Mount Sinai, with a little help from the Town of Brookhaven Industrial Development Agency. The Brookhaven IDA has closed on a fresh economic-incentives package with The Engel Burman Group, the Garden City-based residential developer and frequent Brookhaven IDA collaborator known best for its assisted-living communities. According to the development agency, the new tax-abatement package will help its old business associate with a 120-unit Bristal…


Handy IDA package helps maintenance manager move

By GREGORY ZELLER // Leveraging a $5 million company investment and looking to preserve nearly five dozen jobs, the Suffolk County Industrial Development Agency has stepped up like a boss. Actually, the IDA stepped up for a Boss, as in Boss Facility Services, a Ronkonkoma-based facilities-maintenance contractor that’s looking to purchase and renovate a 31,000-square-foot building on Adams Avenue in Hauppauge. That transaction becomes a little easier thanks to the Suffolk IDA, which has issued…


Lower-tier LI consoled by $68M in 2018 REDC awards

By GREGORY ZELLER // If $68.3 million for workforce development and affordable housing programs is losing, Long Island will take it. That’s the Island’s haul in the 2018 Regional Economic Development Council competition, announced Tuesday by Empire State Economic Development Corp. President and CEO Howard Zemsky. Zemsky, also commissioner of the New York State Department of Economic Development, presented all 10 winners of the annual statewide development competition, each representing one of 10 economic-development zones….