Suffolk County IDA

IDA’s numbers look right to Broadridge Investor Coms

By GREGORY ZELLER // An investor-communications specialist will upgrade and expand in Suffolk County, with a little help from the county’s Industrial Development Agency. The IDA on Thursday gave preliminary approval to a transaction that would help Broadridge Investor Communication Solutions, a subsidiary of Lake Success-based Broadridge Financial Solutions, renovate two existing Suffolk County offices and make equipment upgrades at three of the subsidiary’s properties. Among the projects on Broadridge Investor Communication Solutions to-do list:…


No. 259: Ken White gets Debriefed, celebrating the Moon walk’s 50th and Ronkonkoma Hub gets good news

Happy Friday, folks: And congrats on your successful completion of another work week (except you weekend-hustling self-made types, bless your entrepreneurial souls. For you, congrats for your hustle). Those of you lucky enough to put your feet up should drop us a note at editor@innovateli.com – story tips, events, corrections and stimulating socioeconomic conversation always welcome. What a day for debuts: In no particular order, Gordon Lightfoot, Danny DeVito, Rock Hudson, Martin Scorsese, Tom Seaver,…


Suffolk IDA package gives relocating PT firm a leg up

By GREGORY ZELLER // A Whitestone-based physical therapy network has received a shot in the arm from the Suffolk County Industrial Development Agency. The IDA on Thursday offered preliminary approval for an economic-development incentives package that will allow PPT Management LLC, a multistate provider of physical rehabilitation and hand-therapy services, to close its administrative offices in Queens and Nassau County and establish a new corporate headquarters in Melville. PPT Management, which was founded in 1998…


Debrief: Developing, economically, with Regina Zara

Nice numbers from “Report on Effectiveness of Suffolk County IDA,” a 40-page Industrial Development Agency report card prepared by Suffolk’s Department of Economic Development and Planning: Between 2012 and 2016, the IDA granted $89.8 million in sales-tax exemptions on equipment purchases, plus similar breaks on mortgage and property taxes, to 86 projects, which have collectively generated $775 million in regional economic activity ($212 million spent on goods and services from 2,500 Long Island companies in…


Tomorrow’s health tech to shine at LICA Capital Forum

By GREGORY ZELLER // Another intriguing combination of presenters and panelists marks the next Capital Forum on the Long Island Capital Alliance’s schedule, this one focused on the lifeblood of the Island’s innovation economy. Following a June networker centered around cybersecurity startups and a March pitch-a-thon spotlighting early-stage technology firms, the latest Capital Forum returns to healthcare, a Long Island socioeconomic cornerstone that has naturally become a go-to theme for LICA and its (roughly) quarterly…


Suffolk IDA engineers deal for new national HQ

A corporate consolidation in Melville is in the works, thanks in part to the Suffolk County Industrial Development Agency. The agency on Thursday issued preliminary approval for a transaction that will help Grace Industries LLC establish a national corporate office – a $17 million company investment that will consolidate several of the civil engineering firm’s existing offices in the new Melville HQ. Grace Industries, a subsidiary of the Plainview-based civil engineering conglomerate Haugland Group, currently…


Light the lights: Broadway National eyes new stage

By GREGORY ZELLER // Broadway National is changing venues. The three-decade-old property-management firm with the big-name clientele is taking its big-stage flair from Ronkonkoma to Hauppauge, thanks to a new incentives package preliminarily approved this week by the Suffolk County Industrial Development Agency. Launched in 1989 in the garage of founder William Paparella as sign manufacturer Broadway Neon Corp., Broadway National Group LLC is a bona fide hit. The company now offers a diverse set…


Suffolk: Something co-working at Wyandanch Rising

By GREGORY ZELLER // The retail side of the Wyandanch Rising redevelopment project isn’t ascending as quickly as the residential side – but the imbalance has created a unique workforce-development opportunity, and Suffolk County is looking to pounce. The county on Friday applied to the Long Island Regional Economic Development Council for funding to open a technology-focused co-working operation in the Town of Babylon’s ambitious Wyandanch redevelopment project, a smart growth-fueled, mixed-use remaking of 142…


Suffolk IDA backs an old friend in Hauppauge

A Hauppauge-based tech consultancy will expand its global headquarters and business operations, with the help of the Suffolk County Industrial Development Agency. The IDA on Thursday granted preliminary approval to a transaction that will help Flexible Business Systems, which provides professional IT and cybersecurity support for client companies without indigenous IT departments, purchase and renovate a 40,000-square-foot-facility on Motor Parkway. Terms of the incentives package were not disclosed, but the expansion effort amounts to a…


LICA selects personnel for cybersecurity mission

By GREGORY ZELLER // An impressive collection of speakers, panelists and presenters will pump up the Long Island Capital Alliance’s next Capital Forum. The alliance, a nonprofit capital-formation and business-development organization, hosts the quarterly (roughly) Capital Forums to allow principals from carefully vetted early-stage companies to present eight-minute pitches to an audience of potential investors, with an esteemed group of judges weighing in on the presentations. Forums are often focused on technology and healthcare enterprises;…


Preliminary approval for high-tech, housing tax deals

Dozens of high-paying tech jobs and affordable rental housing for those who aren’t paid quite that much are in the mix with two transactions preliminarily approved Thursday by the Suffolk County Industrial Development Agency. The IDA took a step toward green-lighting an incentives package for Melville-based technology products and services provider NeuLion Inc., which specializes in the broadcasting, distribution and monetization of live and on-demand digital video content. With the agency’s help, NeuLion plans to more than double…


‘Smarter’ male enhancement starts in Hauppauge

By GREGORY ZELLER // When it comes to male enhancement, two heads are better than one. That’s the rationale behind Impress! for Men, a thinking man’s nutritional supplement produced by Michigan-based MaxLabs US that aims to go where no male-enhancer has gone before: not just the space between the legs, but the space between the ears. To get there, MaxLabs US has recruited Hauppauge manufacturer Bactolac Pharmaceutical Inc., selected from “dozens of manufacturers” in a…


Suffolk IDA tax deal backs longtime label-maker

A decade-long tax-incentives package will allow a longtime Farmingdale-based label-maker to grow its Long Island operation. The Suffolk County Industrial Development Agency on Tuesday approved a 10-year, $332,000 package filled with tax abatements and other goodies for Precision Label Corp., a circa-1990 manufacturer and distributor of pressure-sensitive labels, printed packets and rebate cards for the pharmaceuticals, cosmetics and wine industries, among others. The tax breaks will allow the company to relocate from its 16,500-square-foot space in Farmingdale to…


Suffolk IDA approves RPA spending

Suffolk County’s Industrial Development Agency has re-upped its consulting agreement with the NYC-based Regional Plan Association, experts at redeveloping downtowns and creating next-gen housing and transportation hubs. The IDA approved spending up to $100,000 with RPA in 2017, continuing a relationship that extends back to 2013. Since then, the RPA has worked with several Suffolk communities, including Lindenhurst, Amityville, Smithtown, Kings Park and the town of Babylon.


Melville still gets Italian pharma’s blood pumping

By GREGORY ZELLER // A Long Island biotech with Italian roots will stay in Melville as it grows its family. Based in the Tuscany town of Barga, Italy, Kedrion Biopharma is investing $30 million to renovate its only U.S. production facility, a 105,000-square-foot-complex on 11 acres in Melville. The company – which manufactures plasma-derived therapies for patients with debilitating conditions like hemophilia and immune deficiencies – will rely on production facilities in Italy and Hungary…