Newsletters

No. 45: A future Foye, crowdfunding high rises and Sign Language rap

JOB INSECURITY: Port Authority exec Pat Foye has told senior staffers he intends to compete for the new CEO job at the agency, which is being reorganized following the Bridgegate scandal. It could be a tough slog if New Jersey Gov. Chris Christie has a vote: Foye blew the whistle on the lane closures, which have pretty much derailed Christie’s presidential aspirations. Despite lap band surgery. No comment from Foye when reached by Innovate. VERY DRY…


No Picture

No. 44: Spy’s gone, Spielberg cashes out and the very strange sounds of space

BUT THE RANGERS ARE SOLID: Cablevision CEO James Dolan has called for consolidation of the local cable markets, but it increasingly looks like his firm won’t be part of it. Analysts softened their view on the company last week, citing Cablevision’s already deep market penetration and competition from Verizon’s FiOS, which has begun to affect cash flow. Credit Suisse launched coverage with an underperform rating and Citigroup did a downgrade to sell. Ouch. Another problem: Sling…


No. 43: Jurassic Real, PalliaTech puffs up and Ikea sees the light

RAGE OF THE MACHINE: There is no shortage of angst about the relentless advance of digital technology and what it means for the workforce, if not humanity. But new research suggests we should chill already. NYT CERTAINLY SOMETHING TO CHEW ON: As NYC composting mandates start to kick in, Frank Celli, CEO of Rockland County-based BioHitech America, is pushing his aerobic digesters – they’re like a “mechanical stomach,” he says – that can plow through…


No. 42: Thync is here, Mic bulks up, plus some unsettling news for vegetarians

START-UP NY DOES MORE STARTING UP: Start-Up NY announced the addition of 11 companies on Tuesday, none on Long Island. Unless you count Brooklyn. Which maybe we should. The firms have promised to invest about $4.5M and create nearly 200 jobs in exchange for corporate and personal tax bennies. Included: SUNY Cobleskill, University at Buffalo, SUNY Downstate, Mount Saint Mary College and Ulster County Community College. Please note, Tom DiNapoli: Three of the 11 firms are…


No. 41: zTailor, a cheat sheet for startups and the Poconos thank you, Morris Wilkins

YOU’RE GONNA LIKE THE WAY THIS LOOKS: Though ousted from Men’s Wearhouse, George Zimmer still wants you to look your best. Behold zTailors, a digital platform that connects customers with on-demand thread meisters who make housecalls. Deal Book STARTING OUT: Becoming the next billion-dollar startup starts with a careful eye on launch expense. Here’s sage advice – and a handy template every entrepreneur and mentor should use – from Tech Crunch’s Sanil Rajaraman. CHECKING IN WITH LESKO: Accelerate…


No. 40: Trustpilot, more drones and a very pricey pinot

PINOT, A FILM NOIR: Thieves have been busting into the wine cellars of Michelin-starred California eateries and making off with some of the world’s most-select vintages, including $25K botttles of Domaine de la Romanée-Conti, one of the most prized pinots ever bottled. They leave the rest. Could it be robbery for hire? Bloomberg’s Claire Suddath. KRIMINAL ACT: Dutch and German detectives resorted to their own trickery to track down a pair of bronze horses commissioned for Adolf…


No. 39: Purple popsicles, a Carl Jr’s beach day and SUNY’s laser diet machine

IT’S WEDNESDAY ALREADY: Today marks the 1930 invention of cellophane tape by 3M’s Richard Drew, who came up with masking tape as well. It’s also National Grape Popsicle Day, a cause for considerably less celebration. BIO RISING: Two bills expected to advance through Senate committees this week would expand the state’s use of biofuels. A bill sponsored by Democratic senator Brad Hoylman would require a 2 percent blend of biofuel in all home heating oil used in…


No Picture

No. 38: Cleveland clinic, Buffalo jobs and tiny hamsters eating tiny burritos

DOWLING COLLAGE: North Shore-LIJ CEO Michael Dowling addressed executives at an LIA breakfast on Thursday, offering up, as per usual, a sprightly, no-notes summary of the state of health care and his company’s place in the Long Island economy. A few nuggets: The health system remains the Island’s largest employer and continues to grow. “I see a big news story about some company hiring 50 people and I think, ‘I added 150 on Monday.’” That is,…


No. 37: Zemsky speed visits, General Assembly eyes LI and Velveeta doesn’t float

BUT THE WINGS ARE GOOD: Empire State Development chief Howard Zemsky dropped in on a speed mentoring program in Huntington last night to watch 60 or so entrepreneurs get free advice from assembled professionals, in 20-minute bursts. “I had no idea Long Island had such a robust entrepreneurial community,” Zemsky told the crowd, which had stoked up on networking, pizza and beer. “I’ve never seen so much enthusiasm. Thanks for daring to be an entrepreneur.” The…


Bettr founders Asish Pandhi and James Knaus.

No. 36: Wearables, Bettr gets Bettr and holding on to the spiedie

OFF THE CUFF: Wearable technology is expected to be a $53 billion business by 2019. Assuming people actually want to wear the stuff. CNY SOMEWHERE, UP THERE: Drones are the next iPad, a versatile platform for entrepreneurs to bring the next generation of fly-over applications to market. Already in the works: Services that can direct firefighting efforts, monitor power lines and pipelines, locate lost hikers, survey crops and document mass-scale human rights violations. More from Venture Beat…


No. 35: Text therapy, a dip in women’s biz and a hot new hangover cure

STATE OF MS. BIZ: Women opened just 37% of new businesses last year, down from a 20-year average of about 41%, according to a study by Experian. Women were most likely to launch beauty shops, retail stores and personal-service businesses. A cool infographic GLWT: Pine Plains-based Talkspace, a texting service that connects the troubled with their therapists, landed a $9.5M investment, the first in the mental-healthtech arena. Boston’s Spark Capital and New York’s SoftBank Capital led the series…


No. 34: Chef in a box, Jurassic buffalo wings and a cool way to blow up stuff in space

ADIEU FIRST DATA: Credit card processor First Data Corp. plans to shutter its Melville operation and move hundreds of workers to “a large new office east of Manhattan.” Innovate LI can confirm that it’s Long Island City. From Newsday’s corporate departure hawk Carrie Mason-Draffen A PALL OF UNCERTAINTY: Shares of Port Washington-based filter maker Pall Corp. jumped after The Wall Street Journal reported the company has offered to sell itself to Massachusetts’ Thermo Fisher Scientific or DC’s Danaher, where Pall’s current…


No. 33: Uber at $50B, a chocolate cure and how dude are you?

LOOKING TO THE SUBURBS: There’s an inconvenient truth tucked into the environmental sustainability plan for New York that Mayor Bill de Blasio unveiled last month: The city needs the suburbs to solve its housing problem. With rents soaring and too few new apartments for the city’s growing population, the ‘burbs hold vast potential for multifamily housing along the veins of the region’s public transit network. The problem? More than 100 governments in counties, cities, towns and…


No. 32: Bye NBTY, a Calone update and Vincent gets a new ear

OUTSOURCED: Ronkonkoma-based supplement maker NBTY will shut down its Amityville plant and outsource production to a California firm, eliminating 214 local jobs, Newsday’s Aisha Al-Muslim reports. The Amityville site had received IDA support, which the Babylon Town agency said it would seek to recover. NBTY employs about 2,600 on Long Island. CALONE UPDATE: Venture capitalist David Calone, whose campaign for the 1st congressional seat was reported here Monday, has organized a jobs advisory council of big tech…


No. 31: A new blog, fuel from fungus and strange doings down under

TGIW: A good midweek everyone and welcome new readers. It’s May 6, the day the Hindenburg crashed, the first Republic P-47 took wing and “Friends” said cheers. Don’t forget to send tips, news, ideas, calendar items, criticisms and corrections to editor@innovateli.com. DEEP THOUGHTS … AND SOME KOMINICKI: The Long Island Index has launched a new blog featuring the sage views of Rauch Foundation head Nancy Douzinas, thought-provoking cartoons from Pulitzer Prize winner Walt Handelsman and a bit of…