Economic Development

Debrief: Phil Rugile, LaunchPad Huntington

A longtime strategic consultant and successful entrepreneur in his own right, Phil Rugile is the perfect soldier to fight for Long Island’s innovation economy, and the right man to lead the energetic LaunchPad Huntington facility. Also an Entrepreneur in Residence for Accelerate Long Island, the human capital strategist at eGifter and founder of 100 Urban Entrepreneurs – a nonprofit mentoring program for inner-city startups – Rugile is media-savvy, highly creative and enthusiastic about the Island’s…


SBU, East End duck farm get state grants

Stony Brook University is in line for a $1 million grant to help renovate and purchase equipment for its College of Engineering and Applied Sciences as part of $18 million in economic development funding the state announced Thursday. A second $250,000 award was approved for private Aquebogue firm H.F. Corwin and Sons to help fund improvements to its state-of-the-art duck hatchery. All told, the winning projects are slated to create 403 new jobs and retain…


Buffalo biz plan contest attracts thousands

New York’s 43North business plan contest received a record 3,000 qualified entries seeking a shot at big bucks, free incubator space and mentorship. The downside: You have to set up shop in Buffalo. Nonetheless, more than 11,000 entrepreneurs signed up for the second running of the program, a 64 percent jump over 2014. Entrants came from all 50 states, nine of the 10 Canadian provinces and 117 countries. Sectors included software development, web and mobile technology,…


In Suffolk, a call for an innovation connection

By GREGORY ZELLER // The ambitious master plan Suffolk County Executive Steve Bellone unveiled Tuesday – new public transportation options linking Suffolk’s burgeoning downtowns and major research centers – has plenty of regional support. But even ardent backers can’t ignore the project’s estimated price tag. Bellone’s sweeping plan, dubbed the Long Island Innovation Zone, includes a dedicated rapid-transit bus lane running from Stony Brook University to the Village of Patchogue that parallels a new hiking/biking…


State hires Newmark, Cushman to push Start-Up NY

The state has hired two of New York’s top real estate firms to help market space at state schools for its Start-Up NY business incubator program. As part of the deal, Cushman & Wakefield will handle upstate and western New York, while Newmark Grubb Knight Frank will rep Long Island and other adjacent regions. New York City, where SUNY schools already have relationships with area brokers, is not included in the program. Cushman and Newmark…


Start-Up NY gets passing (barely) grade from Siena

Start-Up NY won narrow support from voters in a Siena College poll released Tuesday, with 52 percent of respondents saying they favor the program, which gives tax breaks to companies willing to relocate to approved college campuses. The majority of the support – 62 percent – came from Democrats, with the program resonating the strongest geographically with NYC and its suburbs. Only 45 percent of upstate residents said they supported the benefits. Start-Up has been…


DEBRIEF: Congressman Lee Zeldin

The transition from Albany to Washington has been an eye-opener for freshman U.S. Rep. Lee Zeldin, the 1st District Republican. Not yet six months into his first congressional term – and with challengers already lining up for the 2016 election – he’s getting a much clearer picture of how Long Island fits into the massive jigsaw that is the U.S. economy. And he’s finding that whatever topic is on the table, economics are always in…


Tom Golisano

BUFFALO WATCH: More Paychex for Western NY

In another non-Long Island score for Gov. Andrew Cuomo’s Start-Up NY program, former Buffalo Sabres owner Tom Golisano is spearheading a “multi-million-dollar investment” that will bring 267 new jobs to Western New York. The undisclosed investment by Golisano, founder of Rochester-based payroll-services company Paychex, will help tech manufacturer Bak USA create 167 new positions and expedite the creation of 100 jobs the company committed to when qualifying for Start-Up NY tax benefits. Bak USA, one…


CSHL's Bruce Stillman

CSHL plans new center to push research to market

BY JOHN L. KOMINICKI // Cold Spring Harbor Laboratory plans a $75 million therapeutic research center that would help speed to market treatments for cancer, autism and other diseases without waiting for the pharmaceutical industry to “catch up,” lab director Bruce Stillman said Tuesday. The center, which would rely on a $25 million grant from New York State and $50 million from the National Institutes of Health, would help cure a persistent problem with commercializing…


stuart rabinowitz

State’s annual eco-dev competition set to start

The state kicked off its annual regional economic development council competition, which this year includes an extra $1.5 billion for upstate projects. As in previous years, the competition will split $750 million between New York’s 10 regional councils, with three top winners receiving $105 million each and others landing about $90 million per region. The program will also award three $500 million awards, to be disbursed at a rate of $100 million per year for five…


Bellone kicks off economic development conference

Suffolk County doesn’t lack the transformative ideas that could position it for an innovation economy, but it has so far lacked the regional coordination that has been the hallmark of successful new economies elsewhere, County Executive Steve Bellone said Tuesday. Bellone, kicking off an economic development conference at Stony Brook University, challenged Long Island leaders at all levels of government to work together to keep young Long Islanders here and attract their counterparts from other…


Howard Zemsky

17 join Start-Up NY program, but none on LI

A host of new companies have joined the Start-Up NY program, giving Gov. Andrew Cuomo’s flagging jobs-creation program a needed shot in the arm. Taking heavy fire over the program, including a coalition of state lawmakers and activists demanding the program be suspended and audited by the state comptroller, Cuomo fired back Monday, announcing that 17 new companies have signed on and are “committed” to creating 343 new jobs across New York. None of the…


No Sandy funds for LI

In infrastructure, cautious gratefulness

BY GREGORY ZELLER // Governor Andrew M. Cuomo announced the award of $22 million in federal grants to rebuild New York bridges, reinforce sea walls and strengthen anti-flooding measures this week. Surprising approximately no one, Long Island was excluded from the list. The money, from a Federal Emergency Management Agency hazard mitigation fund, is going to three New York City projects and one spanning upstate Oneida and Herkimer counties, with none earmarked for infrastructure improvements…


Que vola, Havana?

Biotech, software, financial services, air travel and yogurt are among the New York business sectors joining Gov. Andrew M. Cuomo on his inaugural trade mission to Cuba this week. “These industry leaders will serve as ambassadors for all that New York State has to offer and will help form the foundation for a strong economic relationship between New York and Cuba as legal restrictions on trade are eased in the future,” Cuomo said in a…