Nassau County IDA

No. 350: Digitizing real estate, battening down Long Island’s hatches and getting your Guptas straight

  Couldn’t have said it better: You’ve done it, intrepid reader – the end of another busy workweek is nigh and another autumn weekend looms. To set the mood, please enjoy 81 famous, semi-famous and not-famous-just-awesome Friday quotes. It’s Oct. 19 out there, marking the 2,220th anniversary (give or take) of the Second Punic War’s pivotal Battle of Zama, which was fought on this date (or thereabouts) in the year 202 BC (they think). Whenever…


Nassau IDA backs new rentals on Sandy-ravaged site

By GREGORY ZELLER // An Oceanside site ravaged by Superstorm Sandy will soon be remade into a new rental-apartment complex, with the help of the Nassau County Industrial Development Agency. The Nassau IDA has approved a tax-reducing economic-incentives package that will help The Feil Organization, a New York City-based development-management firm, rebuild the dilapidated site into a 230-unit, transit-oriented rental complex. The development agency first approved the tax-abatement deal in September and issued its final…


No. 294: Hofstra innovators rise, MunchMoney packs a lunch and SUNation’s shifting solar perspective

You’ve done it again: Welcome to Friday, dear reader, and the end of another week of socioeconomic innovation. That’s a lot of Peeps: It’s a holiday weekend, of course, the holiest of Christian holy days and another surefire bonanza for retailers. According to our buddies at Statistic Brain, Americans spend more than $14.6 billion on Easter-related goods each year, including $2.1 billion on Easter candy alone. By the way, although it’s smack-dab in the middle…


Nassau IDA incentives snag NYC tech firm

A New York City-based tech firm will relocate to Port Washington, bringing 163 existing jobs and creating 255 more. Lured by an economic-development incentives package from the Nassau County Industrial Development Agency, Agilant Solutions Inc. – formerly known as ASI System Integration Inc. – plans to move its national headquarters from Manhattan to a 72,500-square-foot Seaview Boulevard warehouse and office building owned by Port Washington-based cosmetics company Ivy Enterprises. In addition to relocating and/or creating…


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…


The little vending machine that could

By GREGORY ZELLER // A “Shark Tank” success story that’s rewriting point-of-purchase logistics is coming home to Long Island. Brainstormed and birthed in Bethpage, Vengo – a wall-hugging dispenser packed with products and patents – is already redefining “vending machine” in hundreds of university corridors, health clubs and hotel lobbies. Now, Long Island City-based Vengo Labs LLC is narrowing its search for a Long Island home, and expects to announce a move soon. It will…