Empire State Development Corp.

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…


Matching state grants boost regional SBIR innovators

A Stony Brook University-based small-biz booster program is doubling down on federal Small Business Innovation Research award winners. Through a $1.2 million Empire State Development Corp. incentives package administered by the university’s Small Business Development Center and the Research Foundation for SUNY, SBU has released the first set of matching grant funds to SBIR awardees in Nassau and Suffolk counties. Four regional companies benefited from a total of $50,000 released this round, including Farmingdale-based vaccination…


No. 288: On awards season, Opportunity Zones, international patents and dumpster fires

Snow kidding: Another whitewashed workweek is in the books, dear readers, and if you thought Wednesday’s surprise snowstorm was a shocker, just be glad you weren’t in England 127 years ago today. That’s when the Great Blizzard of 1891 began its tear across the UK. Featuring 15-foot snowdrifts and crippling winds, the five-day snowmageddon is blamed for the deaths of 200 people and more than 6,000 animals. According to the story, snow piles were still…


No. 287: MDs on the fast track, IPS in the Smithsonian, new hope for the nipple and ESD doesn’t mean to brag, but…

Welcome to Wednesday: And over the hump we go, dear reader, as another week of innovation and socioeconomic progress plows forward. And we do mean plows. When’s spring start, anyway? Passing Go: March 7 is another big date for historical innovation. Charles Miller kept them in stitches when he patented the first U.S. sewing machine in 1854, Alexander Graham Bell let his fingers do the walking when he patented the telephone in 1876, and while…


In the land of milk and Cuomo, opportunity flows

By GREGORY ZELLER // Unemployment’s down, personal income’s up and private-sector jobs across New York State have never been more plentiful. These statistical truths and more color Empire State Development Corp.’s 2017 Annual Report, a 128-page economic-development bouquet wherein the Fortune 500 flock to Cuomoland and a river of golden opportunity flows from the gleaming capital – more specifically, $1.8 billion in ED grants, loans and tax credits, dispersed by Albany over the 12 months…


Cuomo looks to expand state’s MWBE outreach efforts

By GREGORY ZELLER // Albany is looking to expand the reach of New York’s successful MWBE Program. While current state law attaches specific “utilization” goals to the awarding of state contracts, proposed legislation would tweak the rules to include municipal contracts funded by the state – meaning counties, towns and other jurisdictions that funnel state monies into local projects would also have to meet minority- and women-owned business enterprise quotas. Gov. Andrew Cuomo announced the…


Alive and well, Start-Up NY adds two LI biotechs

By GREGORY ZELLER // Two early-stage Long Island biotechs are among 10 new companies hitching their wagon to one of Albany’s primary business-development efforts. Start-Up NY, the Empire State Development Corp. program that boosts new and expanding businesses with tax breaks and innovative academic partnerships, is opening its books to welcome 10 new businesses in the Long Island and New York City regions. The businesses – which each will launch, expand or relocate in geographic…


Long Island (kinda) still in the running for Amazon HQ2

By GREGORY ZELLER // Long Island still has a pulse in the heart-revving race to host Amazon’s fabled “HQ2.” The Seattle-based e-commerce and cloud-computing titan on Thursday announced 20 “candidates” still in the running to host its much-anticipated, heavily desired second North American headquarters, following a thorough vetting of what Amazon counted as 238 proposals from across the United States, Canada and Mexico. “New York City, NY” made the cut. And several specific locations submitted…


Islanders drive $1B ‘economic engine’ to Belmont Park

By GREGORY ZELLER // The Islanders are coming home. With eighth-wonder-of-the-world fanfare, Gov. Andrew Cuomo announced the 10th proposal of his 2018 State of the State agenda Wednesday: bringing home Long Island’s once-and-future National Hockey League franchise. The Islanders – who played their last game in the old Nassau Coliseum on April 25, 2015, before relocating to Brooklyn’s Barclays Center – are returning to Nassau County, with Cuomo et al announcing that the team’s $1…


Long Island REDC rebounds with ‘Top’ $84.3M haul

By GREGORY ZELLER // The Long Island Regional Economic Development Council is back on top, once again ranked as a “Top Performer” in Albany’s annual REDC sweepstakes with a hefty $84.3 million haul. That’s terrific news for the “priority” and “regionally significant” projects on the LIREDC’s 2017 wish list, which included funding for a waterfront revitalization effort in Greenport, a new technology-focused Digital Ballpark business incubator in the Wyandanch Village development and 31 other projects…


No. 265: Santa snickers, the Manufacturing Task Force Awakens and the Golden Globes go to…

Gut Yontiff: “Good holiday,” for our non-Yiddish speaking readers, and a Happy Hanukkah to all. Adam Sandler’s “eight crazy nights” – the Jewish Festival of Lights commemorating the rededication of the Holy Temple in Jerusalem during the circa-160 B.C. Maccabean Revolt – commenced Tuesday evening. A big date for breakthroughs: The dry dock (1816), the ice cream cone (1903), the first fully automated photographic film developer (1928) and the fathometer (also 1928), which measures underwater…


No. 262: Mission is a go, Topspin buys some spin … and climate change in New Jersey?

TGI December: Let’s not mince words – this week was a slog, after the stuffed-belly, four-day respite of the Thanksgiving holiday. But Friday is upon us again, as is December, which in addition to the holidays you know boasts National Pie Day (today), World Human Rights Day (Dec. 10) and, believe it or not, Monkey Day (Dec. 14), which as of 2000 is actually a thing. Please use this information responsibly. And tell us about…