Empire State Development Corp.

No. 359: Happy Thanksgiving! And Hanukkah! And E=mc² Day! (Plus, digging in with SBU and NYIT)

  Gobble it up: Welcome to Wednesday, dear reader, and not just any Wednesday but the eve of the only four-day weekend sanctioned annually by U.S. business, commercial and government interests. That makes tomorrow Thanksgiving, of course, and an early one at that (the 22nd, in fact, is the earliest date the fourth Thursday of the month can happen). Words to the wise: As the big day looms, two pieces of unsolicited advice – tonight…


SBA pumps $1M into statewide small-biz exports

By GREGORY ZELLER // The U.S. Small Business Administration, via the Empire State Development Corp., is infusing nearly $1 million into statewide international-trade programs. The SBA announced this week that the ESDC, Albany’s main economic-development engine, is one of the 47 state international-trade agencies receiving funding this year through the State Trade and Export Promotion program. The total of $18 million in national STEP funding is meant to help small businesses enter and compete in…


Past success, future hopes fuel LIREDC’s 2018 report

By GREGORY ZELLER // The Long Island Regional Economic Development Council has met its Oct. 1 deadline and submitted its annual progress report/wish list to the Empire State Development Corp., Albany’s main economic-development engine. The 2018 progress report, titled “Long Island: Completing the Puzzle,” both highlights the efforts of the Long Island REDC since Gov. Andrew Cuomo launched his competitive statewide economic-development program in 2011 and lists the projects the regional council hopes to support…


State pumps $15M into SUNY’s clean-energy programs

By GREGORY ZELLER // The state university system’s clean-energy workforce-development efforts have received an eight-digit shot in the arm. A $15 million state investment will bolster SUNY’s clean-energy workforce and training programs, according to Gov. Andrew Cuomo’s office, with $6 million heading to specific campus-based efforts – including several on Long Island – and an additional $9 million earmarked for colleges and universities planning apprenticeships and internships with industry partners. The funding is part of…


No. 335: Phooey chop, King of Pop and a phone flop – and why is Hank Foley so big on blockchain, anyway?

Middle of the road: Welcome to the midpoint of another sweltering summer workweek, dear reader. Your three-day holiday weekend is now clearly in sight. It’s already Aug. 29 out there, and not only is this week half over, but at midnight tomorrow night, 2018 will be two-thirds kaput. That’s fairly amazing. Best of luck: For those keeping score, Wednesday is the best day of the week for airplane travel, grocery shopping, weighing yourself, getting married…


No. 317: Anid’s big promotion, Adelphi’s big award, keeping it local and why you need grumpy employees

The end: Another busy week concludes and another blessed weekend dawns, dear readers – congratulations on successfully navigating the choppy waters of socioeconomic innovation, once again. It’s Friday, June 22, the first full day of the Summer of 2018 and the last day of school for most Long Island tykes. It’s also Anti-Fascist Struggle Day in Croatia, kicking off a four-day holiday weekend that concludes with the republic’s national independence celebration, Statehood Day. Uživati! Bay…


At FSC, skin-deep startup joins Start-Up NY’s ranks

By GREGORY ZELLER // The Empire State Development Corp. has opened its books and welcomed another Long Island company into the Start-Up NY family. Farmingdale State College announced this week that startup biotech BF Innovation, which moved into FSC’s Broad Hollow Bioscience Park earlier this year, has been accepted into the Start-Up NY program, which boosts new and expanding businesses with tax breaks and innovative academic partnerships. BF Innovation plans to invest $1 million and…


Albany backs NYIT’s next-gen bioengineering lab

By GREGORY ZELLER // A new bioengineering laboratory is coming to the New York Institute of Technology’s Old Westbury campus, thanks to a hefty state award. The Empire State Development Corp. on Wednesday announced a $150,000 grant that will help NYIT establish the Bio-Nanotechnology and Biomaterials Laboratory, a research- and innovation-focused bioengineering lab packed with next-level tech facilitating specialized research into complex bioengineering, artificial-intelligence and life-sciences issues. The grant was awarded through Round 7 of…


For food manufacturers, MTRC/LIFC spells “growth”

By GREGORY ZELLER // Some fairly thick alphabet soup will create a tasty economic-development stew for regional food manufacturers. The Manufacturing & Technology Resource Consortium is partnering with the Port Washington-based Long Island Food Council on a multifaceted effort to bring expert consulting services to food manufacturers in Nassau and Suffolk. The MTRC/LIFC partnership will be a resource for clients of the MTRC, which is located on the Stony Brook University campus and serves as…


No. 309: Gandalf grays, Northwell walks, Islip eyes the CFA and why they’re lining up to fund Envisagenics

Oh, you SO earned it: Congratulations, dear reader – you’ve completed another busy week in socioeconomic innovation, and not just any week, but the week leading up to a long holiday weekend and the unofficial start of summer. Well done. It’s May 25 out there, and still shaking from last night’s premier of “Solo: A Star Wars Story” (really good, not great), we’d like to wish you a very happy Geek Pride Day. Doppler on…


Envisagenics’ artificial intelligence wows real investors

By GREGORY ZELLER // They’re on a major roll at Envisagenics Inc., a Cold Spring Harbor Laboratory spinoff that’s piling up some hefty research grants. Now based in New York City, the biotech announced this week that it’s been awarded a $1.5 million Small Business Innovation Research Phase II grant from the National Institutes of Health – the second time the NIH has backed the data-crunching startup. The new award is earmarked for the continued…


No. 301: On Morse code, award winners, second chances and a $24 million rock for the Montauk Lighthouse

Welcome back to the show: It’s been a dog’s age, dear readers, but here we are again, back where we belong, in your inbox and on top of the Long Island innovation economy. It’s Friday, April 27: And we’re still coming down from Tuesday’s high, our 2018 Innovator of the Year Awards show – a smash hit, if we don’t say so ourselves. Please remember, it’s never too early to start thinking about our 2019…


Hempstead, Southampton earn downtown-demo dollars

By GREGORY ZELLER // Two Long Island downtown-redevelopment efforts will be bolstered by a cool million, each, in state funds. Round Five of the Restore New York Communities Initiative doles out a total of $81 million to 71 statewide projects, including $1 million stipends for demolition projects in downtown Hempstead and downtown Southampton – both clearing the way for modern multi-use developments. The latest round of competitive RNYCI funding was dispersed in the FY2017 state…


AEC focuses global attention on next-gen generation

By GREGORY ZELLER // The future is imminent for AEC 2018, the Advanced Energy Conference that will unite global energy leaders, researchers and entrepreneurs in New York City on a quest for cleaner and smarter energy solutions. Presented by Stony Brook University’s Advanced Energy Research and Technology Center and a critical mass of major-league sponsors – leading corporations, regional utilities, top research institutions and more – the 10th annual AEC has adopted “The Future of…


Forget something? NY’s life-sci panel (mostly) stiffs LI

By GREGORY ZELLER // Eyeing a “vibrant life-sciences ecosystem” across the state, Gov. Andrew Cuomo announced Thursday the launch of a new Life Science Advisory Board – but the high-profile panel largely overlooks life-sciences-heavy Long Island. Although Albany would seem to consider the Island a hotbed of biotech and health-science research and commercialization, none of the region’s major research institutions or life-science enterprises are represented on the new LSAB. So, no one to share updates…