Economic Development

A food movement grows in Amagansett

By GREGORY ZELLER // There’s fresh thinking and then there’s the Amagansett Food Institute, which operates well ahead of the food-innovation curve on its mission to promote regional producers. Just a year into its ballyhooed takeover of the decades-old Amagansett Farmer’s Market, the imaginative institute – a membership-based 501(c)3 catering to farmers, vintners, fishermen, beverage crafters and other food artisans – is already imagining physical renovations and other organizational enhancements designed to spice up the…


Best Market, Albany cooking up LI ‘food hub’

Regional grocery chain Best Market will take over about one-third of the former Entenmann’s facility in Bay Shore, Gov. Andrew Cuomo announced Tuesday, the first step in the establishment of a new Long Island “food hub.” The privately held, family-owned company – which started with small fruit-and-vegetable stores in Brooklyn and now manages 30 supermarkets in New York, Connecticut and New Jersey, including its newest in Islip – will consolidate distribution operations and its corporate…


India’s pharma king earns Suffolk IDA nod

Suffolk County has burnished its reputation as a choice commercial destination for early-stage pharmaceuticals. The Suffolk County Industrial Development Agency on Thursday approved a corporate incentives package for Evaric Pharmaceutical, a generic drug-maker founded by Bandi Parthasaradhi Reddy, owner and chairman of global distributor Hetero, India’s largest privately held pharma. The sales and mortgage tax-abatement package allows Evaric Pharmaceutical to proceed with a $15.5 million purchase-and-renovation plan targeting a 107,000-square-foot facility inside Hauppauge Industrial Park,…


Marching forward in New Cassel

The Salvation Army has won approval for a 24,000-square-foot chapel and community center on the site of its Prospect Avenue operation in New Cassel. The center, which will include a chapel, multi-purpose rooms and a basketball court, will replace a rundown former bar and two residences on the property. There was moderate opposition from local residents concerned with increased traffic and the fact that the hamlet’s own community center, Yes We Can, is barely a…


Suffolk IDA deals responsible for 1K jobs

The Suffolk County Industrial Development Agency closed almost a dozen deals in the first half of 2016, creating or helping hold onto almost 1,000 jobs. in the first six months of 2016 closed on 11 transactions slated to create or retain 976 jobs, officials said Monday. “By aiding a business’s growth in the short term, we create good jobs for our residents and expand the county’s tax base for years to come,” Tony Catapano, the…


Suffolk IDA makes Comtech pitch

Rack that up as a fairly profitable day for Comtech Telecommunications Corp. First, the Melville-based high-tech manufacturer announced Thursday morning that it has received a $1.3 million funded order from the federal government for a new microwave network and associated power systems. Then, later Thursday, Comtech PST Corp. – part of Comtech’s Government Solutions segment – announced multiple orders for high-power radio-frequency amplifiers from multiple domestic manufacturers, totaling approximately $5.8 million. And finally, at its…


Amagansett Farm Reaps ‘Early-Stage’ Award

Rookie farmers across New York State have received an economic boost from Albany through the New Farmers Grant Fund. A total of 25 “early-stage farmers” will share $743,000 in grants, Gov. Andrew Cuomo’s office announced Wednesday, carrying the new-farmer program’s three-year grant total past $1.4 million. The funds are meant to improve each startup farm’s profitability and promote diversification and growth across New York’s agricultural sector, according to the governor’s office. Included in this third…


Startups Shine At SBU Incubator Showcase

By GREGORY ZELLER // Stony Brook University’s impressive economic-development ecosystem took a home run trot Thursday during the university’s first-ever Business Incubator Showcase, held at the Center for Excellence in Wireless Information Technology. Uniting more than 40 startup and early-stage companies stemming from CEWIT and SBU’s Center for Biotechnology, Long Island High Technology Incubator, Advanced Energy Center, Clean Energy Business Incubator Program and Business Incubator at Calverton, the showcase – which attracted special guests including…


United it stands, with help from the Suffolk IDA

A 33-year-old biotech will purchase and renovate its longtime Hauppauge home, thanks to tax breaks approved Thursday by the Suffolk County Industrial Development Agency. Synthetic vaccine manufacturer United Biomedical Inc. will undertake an $8.4 million effort to purchase and renovate the 43,000-square-foot facility it has leased since 1992. The IDA’s incentive package will also help the company, which originally launched in Delaware and established its Hauppauge headquarters after seven years, to furnish its renovated facility…


American Culture, now bottling its own future

By GREGORY ZELLER // From the Close Call file comes the story of American Culture, a Huntington Station hair-care manufacturer that nearly gave Long Island the brush-off. Cofounder Louis Guarneri didn’t want to leave LI. He’s the third of what he hopes will be four (at least) generations in the beauty business, all on Long Island. He met his wife and cofounder, Doreen, when they were 13, and they dated throughout their years at Cold…


ReCharge NY powers up 13 on LI

New York State bet heavy on Long Island in its latest round of ReCharge NY funding. Leveraging $16.2 million in capital investments, the New York Power Authority will send 1,296 kilowatts of low-cost power to 13 Long Island-based businesses, representing significant chunks of the kWs distributed (5,346 total) and statewide capital investments leveraged ($57.7 million) in Tuesday’s ReCharge NY announcement. The Island’s low-cost kilowatts were second only to the 2,046 kWs being funneled to Western…


The Debrief: Getting LIFT up where it belongs

Plenty of ups and downs lately for the Long Island Forum for Technology. First came news that a major federal contract has been held up by a competitor’s challenge, then a resulting layoff affecting half of the organization’s staff of eight. Some happier news on Monday, though, as SUNY Old Westbury announced plans for a Start-Up NY incubator in LIFT’s Bethpage headquarters, a much-needed boost for the 90,000-square-foot, tenant-deprived facility. It’s also a major lift…


Coalition seeks to get LIRR project back on track

By GREGORY ZELLER // A broad-based coalition supporting the Long Island Rail Road third track proposal hit the rails Tuesday. Gov. Andrew Cuomo personally pushed the throttle on Right Track For Long Island, a coalition of over 100 businesses, environmental groups and other organizations and individuals backing the governor’s ambitious support of the long-debated third-track plan. Plans to improve train traffic through a bottlenecked 9.8-mile stretch in Nassau County have been kicked around for decades,…


Benefits help swing door firm’s decision to stay

Instead of relocating to Pennsylvania, a manufacturer with deep Long Island roots and a 110-strong payroll is staying put – and will even add 21 new jobs at its Port Washington operation. Hollow-metal door manufacturer LIF Industries had considered leaving its current 163,000-square-fooot facility for new digs in the Keystone State, according to Empire State Development. LIF, dba Long Island Fireproof Door, traces its history to the Long Island Kalamein Door Co., a circa-1930s startup….


LI Index maps where the apartments are … and not

The Rauch Foundation’s Long Island Index project has released an interactive map detailing the state of the region’s multifamily housing sector, a key factor in the continuing loss of young Long Islanders and a major hurdle to attracting future young workers. The map covers almost 1,500 rental buildings and nearly 900 coops and condos across Nassau and Suffolk counties and identifies 113 projects in the development pipeline, from those that have been proposed to projects…