news

SBU, National Grid throwing gas at the AERTC

By GREGORY ZELLER // Clean, affordable energy solutions are on tap at the “country’s most comprehensive” natural gas-focused research institute. That’s Stony Brook University’s assessment of the Institute of Gas Innovation and Technology, which the university and National Grid officially introduced with a ribbon-cutting ceremony on Friday. The consortium of academic and industry leaders comprising the I-GIT will rise to meet the nation’s diverse and growing energy challenges, according to SBU, which hosted SUNY Chancellor…


Northwell taps MSK veteran to head cancer programs

By GREGORY ZELLER // After a three-decade career at the Memorial Sloan Kettering Cancer Center, an internationally renowned surgeon will take the reins of Northwell Health’s vast network of cancer services and research. Following a national search and recruitment effort, the New Hyde Park-based health system has appointed Richard Barakat physician-in-chief and director of the Northwell Health Cancer Institute and senior vice president of Northwell’s Cancer Service Line. Barakat, who also becomes a professor of…


McCune: Partly cloudy, chance of awesome in NEIPAs

By JIM McCUNE // New England India Pale Ale is a conundrum. It’s not even a recognized beer style. But this new variation on the IPA has emerged as one of the most sought-after, highest-rated, incessantly talked-about beers in America. For anyone who hasn’t heard, NEIPA is an unfiltered India Pale Ale (or Double IPA) that’s been aggressively hopped, giving it a hazy, cloudy or completely opaque appearance, not unlike orange juice. New England India…


Stuff we’re thinking about going to

    Feb. 22 HR in a Box 8:30-11 a.m., Stony Brook University Small Business Development Center  The SBDC presents a discussion for small business owners on the importance of understanding human resources issues, featuring Rita DiStefano, director of human resources consulting for Portnoy Messinger Pearl, and James Black, labor law attorney at Silverman Acampora. Registration and more information. Feb. 22 Cybersecurity: Ransomware, and How to Protect Yourself 8-10 p.m., Digital Ballpark, Plainview The Long…


SUNY Old Westbury to offer a forensic-accounting first

By GREGORY ZELLER // In a Long Island first – and a New York State rarity – SUNY Old Westbury will begin offering a Master of Science in Forensic Accounting program later this year. The 12-month, 30-credit trek – offered in a three-semester arc – is for graduate students seeking a career as a forensic accountant or fraud examiner. The first forensic accounting master class is scheduled to kick off with SUNY Old Westbury’s Fall…


CityMD acquires Long Island’s STAT Health clinics

By GREGORY ZELLER // New York City’s leading urgent-care provider will acquire Long Island’s No. 1 operator of walk-in health clinics, the two parties announced this week. CityMD has signed a “definitive agreement” to acquire STAT Health and its 12 healthcare centers in Nassau and Suffolk counties, as well as two additional clinics STAT Health plans to open in 2018. Terms of the deal were not disclosed. But when the ink dries, CityMD – which…


Debrief: Red flags, high hopes from Master Faltischek

When Innovate LI last debriefed Long Island Angel Network Chairman Michael Faltischek in May 2015, the LIAN already boasted a significant legacy: 600-plus financing applications reviewed, in excess of $5 million in investments brokered. Less than three years later, the network – which arranges investments but doesn’t make them – has reviewed another hundred-plus applications and negotiated upwards of $30 million in private investments. Meanwhile, at the senior partner’s Uniondale-based law firm Ruskin Moscou Faltischek,…


Veeco rally soothes sting of ‘transformational’ FY2017

VEECO INSTRUMENTS INC. Headquarters: Oyster Bay Industry: Technology Nasdaq: VECO Reporting Date: Feb. 12, 2018 Reporting Quarter: 4Q FY2017 Quarter Ended: Dec. 31, 2017 Numbers: Reported first-quarter net income was $9.1 million, up 139.5 percent from the $3.8 million reported for the same three-month period last fiscal year. Quarterly revenues were reported as $143.4 million, up 53.2 percent year-over-year from $93.6 million. Fourth-quarter non-GAAP earnings per share were reported as 19 cents, up 111.1 percent…


Stony Brook lands climate-change ace for SoMAS

By GREGORY ZELLER // An internationally renowned expert in climate-change science has been tapped to run Stony Brook University’s marine and atmospheric science programs. Paul Shepson, currently a distinguished professor of chemistry and of earth, atmospheric and planetary sciences at Purdue University, has been named dean of SBU’s School of Marine and Atmospheric Sciences. Shepson, who also serves as the division director for atmospheric and geospace sciences at the National Science Foundation, was selected after…


LICA techs up for 2018’s first Capital Forum

By GREGORY ZELLER // From the If It Ain’t Broke File comes the Long Island Capital Alliance, which is turning to a tried-and-true topic for its first 2018 Capital Forum. Known to champion software makers, digital engineers, next-gen tinkerers and other startups with high-tech ambitions, LICA has chosen to present a Technology Capital Forum as its first inventor-meets-investor breakfast networker of the New Year, a March 9 affair featuring numerous early-stage entrepreneurs and their breakthrough…


At SUNY Old Westbury and SBU, it’s up to them

A national competition designed to educate collegians on important national economic issues has come to Long Island. Specifically, to SUNY Old Westbury and Stony Brook University, which have been selected to participate in the 2017-2018 cohort of Up to Us, a national competition that encourages students to spread the word about fiscal policy matters like federal budgets and the national debt – big-ticket items that could have a significant effect on students’ career and life…


Cerini & Associates launches 2018 Tax Change Blog

By EDWARD McWILLIAMS // In December 2017, the U.S. Congress passed, and President Trump signed, the Tax Cuts and Jobs Act of 2017, which will impact virtually all taxpayers in the United States. Over the coming months, we will be regularly updating the Cerini & Associates 2018 Tax Change Blog to provide helpful and meaningful information on these tax-law changes, looking at specific provisions and new laws and how they will affect certain industries. We…


Northwell, Connecticut health network buddy up

By GREGORY ZELLER // The Empire State’s busiest healthcare provider has established a new foothold in the Constitution State. New Hyde Park-based Northwell Health – New York’s biggest healthcare network by number of patients and number of providers, as well as the state’s largest private employer – has inked a “collaboration agreement” with the Western Connecticut Health Network, a patient-centered healthcare organization with hospitals in Danbury, New Milford and Norwalk. The partnership, announced Thursday, is…


Nassau, Suffolk earn emergency-comm funds

By GREGORY ZELLER // Nassau and Suffolk counties will receive millions in state funds to improve emergency communications between law enforcement agencies, fire departments and other first responders. All told, more than $55 million in state grant funding is heading to New York City and counties around the state for the purpose of enhancing emergency communications, both within the individual jurisdictions and between jurisdictions in case of a large-scale crisis. The money will be used…


Catholic Health Services, NYIT form osteopathic pact

By GREGORY ZELLER // A fresh collaboration between a groundbreaking Long Island medical school and a leading provider of community-based healthcare will improve medical services for patients throughout the region. Catholic Health Services of Long Island, the largest faith-based healthcare system serving Nassau and Suffolk counties, has entered into a new agreement with New York Institute of Technology’s College of Osteopathic Medicine aimed at “advanc(ing) patient-centered, community-based healthcare on Long Island,” according to Rockville Centre-based…