Long Island Association

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…


No. 278: NASA in Melville, economic impact in Farmingdale, bottom-line battles and 25 years of ‘Groundhog Day’

TGIF: Welcome, friends old and new, to the end of a cold and snowy workweek. It’s Feb. 2, and it was 78 years ago today when a famous bandleader invited an unknown singer from Hoboken, NJ, to perform on stage at a bobbysoxer gig in Indianapolis. It would not be the last time Frank Sinatra would perform with the Tommy Dorsey Orchestra. Déjà vu: It’s also Groundhog Day, again, and in case you were wondering,…


LIA: Farmingdale State revs a strong economic engine

By GREGORY ZELLER // Higher education on Long Island may be dominated by Hofstra and Stony Brook Universities, but a relatively small SUNY school is proving to be the region’s little economic engine that could. A new and very detailed report compiled by Long Island Association Chief Economist John Rizzo pegs Farmingdale State College’s “economic impact” over the last nine years at $2.51 billion. That’s the final tally reached in “Solving the Brain Drain: The…


No. 277: The prodigal team returns, Hofstra ups its entrepreneurial game and yes, Florham Park is still in New Jersey

Time flies: Welcome to Jan. 31, dear readers, already one month down in 2018. Hard to believe it’s been 322 years since Aansprekersoproer, the bloody revolt by undertakers across Amsterdam sparked by Dutch funeral reforms (yes, this happened), and a year already since President Trump fired Attorney General Sally Yates for refusing to defend his illegal travel ban. In between: Other Jan. 31 events of interest include the invention of condensed milk (1851); the ratification…


After decades of debate, $2B LIRR ‘third track’ is a go

By GREGORY ZELLER // All aboard – the Metropolitan Transportation Authority has approved a roughly $2 billion deal to design and build the Long Island Rail Road’s long-debated “third track.” The contract approved Wednesday by the MTA Board of Directors with Lawrence-based 3rd Track Constructors – a joint venture uniting New York City-based Dragados USA Inc., Lawrence-based John P. Picone Inc., Nanuet-based Halmar International LLC and Brooklyn-based CCA Civil Inc. – officially weighed in at…


Meanwhile, Albany tells science: We’ve got your back

By GREGORY ZELLER // Even as the Trump Administration levels its big guns at national funding for scientific research, New York State is doubling down on its commitment to life sciences. Leaders of business and medical-research organizations across the state are hailing Albany’s 10-year, $620 million plan to turn New York into one big life-sciences cluster. The economic-development strategy was championed by Gov. Andrew Cuomo and adopted by the state Legislature this week as part…


LI businesses charged up by low-cost juice

The New York Power Authority has approved another round of low-cost power allocations through the ReCharge NY program, with Long Island companies reaping the lion’s share of this round’s benefits. Gov. Andrew Cuomo’s office announced Thursday that NYPA’s Board of Directors has awarded reduced electricity rates to 11 Long Island companies through ReCharge NY, which Cuomo signed into law in 2011 to provide low-cost power to businesses that commit to job creation and new capital…


Waldman joining wealth management firm

Lawrence Waldman will join wealth management firm First Long Island Investors next month as a managing director, the firm announced Tuesday. Waldman, a former managing partner at KPMG and currently an adviser at EisnerAmper, will join a team that oversees $1.3 billion in assets for wealthy individuals, families and select institutions, the firm said. “This is a natural progression for me that builds upon my career in public accounting, serving public and private companies across various…