economic development

7 LI firms in line for cheap(er) power

Seven Long Island companies have been awarded lower-cost power from the state’s ReCharge NY program in exchange for creating or preserving 1,300 jobs and investing more than $31 million in facility and equipment enhancements. In play: 1,574 kilowatts of discounted electricity, or enough to power about 1,500 homes. The largest award – 390 kilowatts – went to Melville’s Poly-Pak Industries, which promised to retain 225 jobs and spend $1 million on new equipment. Entourage Commerce,…


SUNY Old Westbury gets Start-Up NY site

SUNY Old Westbury has been green-lighted for the Island’s sixth Start-Up NY incubator, to be built in LIFT’s Morrelly Center for Homeland Security in Bethpage. The center will start out at about 4,000 feet but could grow to fill the top floor of the three-story, 90,000-square-foot building — space abandoned by Northrop Grumman in its local downsizing. Old Westbury’s program will be the first to operate off campus. The school, located about five miles away,…


Answering our ‘pent-up need’ for new industry

By JOHN L. KOMINICKI // A proposed $300 million center on bioelectronic research would get a $50 million jolt if Albany follows recommendations made this week by a group of business and government leaders. The group, which includes both country executives, Long Island Association chief Kevin Law and five other members, was formed to suggest ways to spend $550 million in state funding that has been earmarked for “transformative” projects downstate. Topping their list was a…


Farm preservation, defense, marketing programs land state funding

Peconic Land Trust, a not for profit dedicated to conserving Long Island’s working farms and undeveloped land was awarded $1 million in state money to kick off an agricultural equipment grant program. The funding, part of more than $16 million announced by the state on Monday, will go to assist farmers willing to make capital investments in their farming operations, with awards capped at $25,000. The program was developed in cooperation with the Long Island Farm…


Cuomo: Your billions for Upstate are paying off

Gov. Andrew M. Cuomo took to the Huffington Post on Wednesday to extol what he called “irrefutable” evidence that Buffalo, Rochester and the rest of Upstate New York are on the economic mend. While acknowledging that his plan for an Upstate renaissance had been widely considered a fool’s errand, Cuomo said “any objective source would admit significant progress has been made. Even the skeptics are startled.” “Just yesterday the Buffalo News Editorial Board said, “While…


State team to visit local eco-dev projects

By GREGORY ZELLER // As it prepares to submit requests for another $100 million or more in state aid, the Long Island Regional Economic Development Council is proudly showing off some of its brightest accomplishments to date. As part of a region-by-region tour of economic-development council projects, a team of high-profile state officials is visiting Nassau and Suffolk on Wednesday, checking in on some of the highest-profile projects funded by the annual REDC awards. Kevin…


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…


Gov. Andrew Cuomo visits with Cuban government officials.

OPINION: Cuomo didn’t have to go so far south

Gov. Andrew M. Cuomo was in Cuba this week to push his Global New York strategy, which seeks to expand trade and other business opportunities for Empire State companies. At his side: executives from a passel of prominent New York brands, including JetBlue, MasterCard and yogurt-maker Chobani. Big Pharma and biotech were especially well represented, with representatives from Pfizer, the NY Genome Center, Regeneron and the Roswell Park Cancer Institute also in tow. If the…


$533M in film activity for Nassau

A report commissioned by the Nassau County Industrial Development Agency suggests the county has received a $533 million boost from film and television production work since 2013. The report is here: Nassau County Film Industry – Economic Analysis 2013-2014


Howard Zemsky

VIEWPOINT: Shuffling in from Buffalo

Howard Zemsky, Gov. Andrew Cuomo’s newly minted economic development chief, was on Long Island recently to hob and nob with pols and local business leaders. In a speech to a smaller-than-we-would-have-expected crowd at the Long Island Association, Zemsky reminded listeners that he’s really one of us – born in Brooklyn but raised in Woodbury, which qualifies – and that Long Island and Western New York share much in common. OK, not much, but this: The…