Economic Development

Mirabella bows, generations change at the LIBDC

By GREGORY ZELLER // A “council of elders” works great in the movies, but for 21st century business development, only fresh thinking will do. This is Edward Mirabella’s mindset, at least, as he trumpets “young, new blood” and steps down as co-chairman of the Long Island Business Development Council Executive Board, effective Oct. 31. Mirabella, a 43-year commercial banking veteran who launched Wantagh-based corporate consultancy Mirabella Associates in 2006, will continue as treasurer of the…

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In Contract Pharmacal, Albany’s job-making blueprint

By GREGORY ZELLER // New York might not have the best reputation among national entrepreneurs, but that doesn’t mean an independent business can’t thrive here – and Albany is trumpeting a Long Island success story as proof of the state’s economic-development chops. On Tuesday, the Empire State Development Corp. and the New York Power Authority issued an update on Contract Pharmacal Corp., a family-owned pharmaceuticals manufacturer that has made several job-creation and facilities-investment promises in…


Stakeholders unite to support pharma/nutra’s future

By GREGORY ZELLER // With more than 150 companies and 9,800-plus employees, the pharmaceutical/nutraceutical industry is already a Long Island cornerstone – and some major regional stakeholders want to see it grow. On Tuesday, the Suffolk County Industrial Development Agency and the Workforce Development Institute officially introduced “Driving Suffolk County’s Innovation Economy: The Pharmaceutical/Nutraceutical Growth Factor,” a 48-page report detailing pharma/nutra’s impressive growth over the last decade and the unique obstacles the industry faces on…


For downtown Hicksville, the circle is now ‘Complete’

By GREGORY ZELLER // Nassau County has started the ball rolling on an ambitious effort to bring safer, more convenient thoroughfares to one of Long Island’s most densely populated downtowns. County officials have officially committed to the Downtown Hicksville Complete Streets Project, which aims to improve accessibility and safety for motorists, pedestrians, mass-transit passengers, cyclists and others traversing the downtown area of the busy Town of Oyster Bay hamlet. Starting with an outreach effort designed…


Community wellness meets innovation at Hofstra camp

By GREGORY ZELLER // Healthcare met entrepreneurism this week at Hofstra University, where teams of wellness-focused innovators came together to learn the business ropes directly from seasoned insiders, including Northwest Health professionals. Hailing from around the Greater New York region and as far away as Massachusetts and Florida, 26 teams of aspiring wellness impresarios received entrepreneurship training to help promote healthcare innovations in underserved communities, the “challenge topic” of the 2019 Healthcare Entrepreneurship Community Challenge…


Location plays big as Bridgeworks, DropDesk expand

By GREGORY ZELLER // Consider it ridesharing on the road to professional development. That’s the angle founder Graham Beck is taking at Bridgeworks, the Long Beach co-working community that’s advancing nicely in Beck’s self-appointed mission to create a local business-incubation system – and then replicate it elsewhere. As co-working spaces go, Bridgeworks is a busy one: networking events, marketing help, printing services, plenty to eat and drink and a host of other business-building benefits especially…


Suffolk IDA steps up as Spellman expands global HQ

By GREGORY ZELLER // An expanded global headquarters and as many as 10 new hires are in the cards for the Spellman High Voltage Electric Corp., which has received an economics-incentives package from the Suffolk County Industrial Development Agency. The IDA on May 2 granted the company some $652,000 in combined tax breaks, primarily through a 10-year reduction in property taxes, to facilitate the modernization of Spellman’s existing headquarters facility on Wireless Boulevard in Hauppauge….