Stuart Rabinowitz

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…


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…


With $800 million at stake, let the games begin

It’s on: Governor Andrew Cuomo on Tuesday officially opened the seventh round of the annual Regional Economic Development Council competition, a statewide funding contest in which each of the state’s 10 economic-development zones wins, but some win more. This year, the 10 REDCs will be combing through individual project pitches and preparing master proposals for their slice of the chunkiest state pie yet: more than $800 million in economic-development resources, including grants, tax breaks and…


LIREDC takes victory lap around Adelphi’s Nexus

The Long Island Regional Development Council brought home “only” $62 million in state economic-development funds in the 2016 REDC competition, but it can lick its wounds while watching its six-year, half-billion-dollar haul do its work. That includes an LIREDC-backed project that came to fruition this week on Adelphi University’s Garden City campus, where the school officially cut the ribbon on its state-of-the-art, 100,000-square-foot Nexus Building. The $76 million centerpiece of Adelphi’s grounds – which houses…


Hofstra revamps its student pitch program

The CPXi Challenge has returned to Hofstra University – slightly tweaked, in hopes of involving and inspiring a greater number of innovative thinkers. Hofstra graduate and trustee Mike Seiman, founder and CEO of New York City-based digital media company CPXi, has once again ponied up $100,000 in prize money for the annual challenge. But this year, instead of one contest with a $50,000 grand prize and chunky five-digit runner-up awards, the challenge will be broken…


LI wins $98.3M in state eco-dev contest

Long Island was awarded $98.3 million in state aid for construction and other projects that boost job creation in the state’s annual economic development competition, making it one of the so-called “top performers” in the program. The state funding covers 121 Long Island projects, including $3 million for Nassau Hub site improvements, $2.25 million to develop new vaccines at Farmingdale State College and $1.6 million to help Winthrop University Hospital expand its diabetes and obesity…


State team to visit local eco-dev projects

By GREGORY ZELLER // As it prepares to submit requests for another $100 million or more in state aid, the Long Island Regional Economic Development Council is proudly showing off some of its brightest accomplishments to date. As part of a region-by-region tour of economic-development council projects, a team of high-profile state officials is visiting Nassau and Suffolk on Wednesday, checking in on some of the highest-profile projects funded by the annual REDC awards. Kevin…


stuart rabinowitz

State’s annual eco-dev competition set to start

The state kicked off its annual regional economic development council competition, which this year includes an extra $1.5 billion for upstate projects. As in previous years, the competition will split $750 million between New York’s 10 regional councils, with three top winners receiving $105 million each and others landing about $90 million per region. The program will also award three $500 million awards, to be disbursed at a rate of $100 million per year for five…