Howard Zemsky

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…


With ESD’s help, Seviroli plans a new pasta course

By GREGORY ZELLER // A maker of “artisan dining at home” selections is expanding its foodie-friendly Long Island footprint. The Empire State Development Corp., Albany’s main economic-development engine, announced Thursday that Seviroli Foods Inc. will grow its regional presence with the acquisition of a 33,000-square-foot production and warehouse facility in Garden City. Leveraging $350,000 in performance-based tax credits offered through ESD’s Excelsior Jobs Program, the company will invest $9 million to acquire and renovate multiple…


In REDC love fest, CSHL kicks off $75M makeover

By GREGORY ZELLER // There was another major advance for biochemistry Thursday at Cold Spring Harbor Laboratory, but this one didn’t involve gas chromatographs or infrared spectrometers or a single test tube. Just a shovel. With Gov. Andrew Cuomo and a host of regional and state representatives on hand, the world-class scientific research facility officially broke ground on the renovation of its Demerec Laboratory, one of four CSHL laboratories being remade with a big assist…


Albany pumps $10M into a new downtown Hicksville

By GREGORY ZELLER // Hicksville has won the regional round of New York State’s second-annual $100 million downtown-redevelopment contest. The Nassau County hamlet in the Town of Oyster Bay will pocket $10 million in a ceremony scheduled to be hosted Wednesday by Gov. Andrew Cuomo. Hicksville beat out nearly two dozen Long Island municipalities vying for the regional award, which is managed by the state’s Downtown Revitalization Initiative, one of many competitive-funding programs launched by…


Developers jockey for position after Belmont RFP

By GREGORY ZELLER // Like a bugle call summoning the field to the starting gate, New York State is beckoning developers to Belmont Park. Trumpeting “an exciting and much-anticipated development opportunity on Long Island,” Empire State Development President and CEO Howard Zemsky on Monday issued a Request for Proposals for the redevelopment of property within the hallowed racetrack’s grounds, located in the “census designated place” Elmont, within the Town of Hempstead. Two parcels totaling roughly…


Dealertrack celebrates new $100 million HQ

Software maker Dealertrack has unofficially opened its new $100 million corporate headquarters. The developer of software solutions for the automotive retail market won’t actually move in employees until early July, but Dealertrack marked the opening of the LEED-specified, 230,000-square-foot North Hills facility on Wednesday. The new headquarters will house nearly 600 employees, the company said, with plans to add as many as 350 more. And that growth will happen exclusively on Long Island, with company…


Bell rings for Round 2 of $100M downtown initiative

New York State’s Downtown Revitalization Initiative is back for a $100 million second round. Governor Andrew Cuomo has announced the launch of Round 2 of the program, which will once again offer monetary and other support to the creation of Strategic Investment Plans for rebuilding efforts in 10 designated downtown communities across the state. The initiative, part of a “comprehensive approach” to neighborhood and economic transformations across New York, looks to “build upon the successful…


Albany’s $35M offer keeps Nature’s Bounty Co. on LI

A leading global wellness company is dramatically expanding its Long Island operations. The Nature’s Bounty Co. will create 157 new jobs – and retain 2,042 existing jobs, counting all 11 of its Long Island facilities – while investing more than $142 million to “modernize and expand” its Island operations, according to a statement from Empire State Development, Albany’s lead economic-development agency. The company, which is headquartered in Ronkonkoma, will be relocating operations from California and…


Center for Biotechnology answers feds’ ‘Challenge’

A $500,000 U.S. Department of Commerce “challenge award” for the Center for Biotechnology at Stony Brook University is part of a $15 million round of federal economic-growth stipends – including nearly $2 million for New York-based initiatives. The Center for Biotechnology – designated a Center for Advanced Technology by NYSTAR, the science and innovation division of Empire State Development, Albany’s main economic-development engine – received the largest of the six federal awards announced Thursday. The…


With $650M bet, Cuomo all-in on life sciences

By GREGORY ZELLER // New York has launched a “groundbreaking” $650 million initiative to support life-science industries across the state. The initiative, announced Monday, will offer investment capital, operating support and tax incentives to companies dabbling in biotechnology, pharmaceuticals and life-systems tech, as well as “organizations and institutions that devote the majority of their efforts to the various stages of research, development, technology transfer and commercialization,” according to Gov. Andrew Cuomo’s office. Included in the…


Feds STEP up for smaller New York exporters

Empire State Development will use a federal grant to pump up Global NY, the international division of Albany’s main economic-development engine. The U.S. Small Business Administration has awarded ESD a State Trade Expansion Program grant to support the growth of New York-based exports in markets around the world. The $602,115 stipend, announced in late October, marks the fifth straight year New York State has won a competitive STEP grant. While the numbers aren’t huge –…


Lesko, SBU’s Donnelly to run $6M+ seed fund

By GREGORY ZELLER // Accelerate Long Island is back in business, and it’s main private-investment partners are coming along for the ride. The seed-funding business accelerator, which has been publicly quiet since awarding its 10th and final first-round stipend in December, has been awarded $3 million by Empire State Development to establish the Accelerate NY Seed Fund, with matching private investment planned. Unlike the original Accelerate Long Island charter – through which Accelerate teamed with…