Howard Zemsky

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…


State adds 16 to Start-Up NY program; none here

Sixteen new companies have been added to the Start-Up NY program, with next-level technological endeavors once again setting the tone. Start-Up NY creates zones around colleges and universities where businesses that commit to creating net new jobs in New York State can operate 100 percent tax-free for 10 years – paying no state income tax, business or corporate state or local taxes, sales tax, property tax or franchise fees. The companies also partner with sponsoring…


The not quite magical, but mysteriously necessary, Start-Up NY tour

By JOHN L. KOMINICKI // The state’s economic development arm hit Long Island this week with what wags are calling the Start-Up NY Damage Control Tour. And there’s plenty to prehend. In an unwelcome audit released last month, state Comptroller Tom DiNapoli chided the program for spending millions of dollars on advertising while producing scant new jobs. The media quickly piled on, led by withering NY Post coverage and Crain’s coronation of Empire State Development…


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…


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…