Suffolk County IDA

No. 440: Belmont begins, clean energy cleans up and nostalgia goes POW, right in the kisser!

  Warm greetings: You wouldn’t know it from the weather, but it’s the first Wednesday of autumn, dear readers, as we hustle over the hump of this latest busy workweek. Pull up a chair: A special hello on this Sept. 25 to new newsletter subscribers Katie, Rob, Marcos, Craig, Mark, Daniel, Eugene, Seth, Anthony, Brad, Marianne, Manny, Adele, Tina, Armando, Larry and Diane. If any of you had American farmer, businessman, philosopher, writer, theologian, politician…


Incentives keep global distributor grounded on LI

By GREGORY ZELLER // A leading distributor of aviation-support equipment will fly out of Long Island for another decade at least, with a nod to the Suffolk County Industrial Development Agency. The IDA has announced preliminary approval of an incentives package designed to help Sage Parts Plus renovate its existing 55,000-square-foot Melville headquarters and enter into a new 10-year lease agreement at the site – turning the global headquarters into a state-of-the-art logistics center and…


No. 436: On Patriots, procurements and busy college presidents (and aliens and cyborgs) 

  New day: Welcome to Wednesday, dear readers, and the midpoint of this late-summer week of socioeconomic innovation. New world: It’s Sept. 11 out there, a date that truly needs no further exposition. Those who lived through it will never forget. Schools and media inform younger generations. And its fallout both strengthens and weakens our nation to this very day. Eighteen years already, unbelievable. New meaning: While Sept. 11 is forever entwined with the 2001…


IDA eyes better (maybe not bigger) StartUp Connect

By GREGORY ZELLER // One of the hottest nights of the year at The Paramount is coming Oct. 3, with nobody whatsoever set to take the stage. But don’t let the lack of smoke machines, classic heavy metal bands or Jim Breuer fool you. It’ll be standing-room-only in the Founder’s Room when the Suffolk County Industrial Development Agency stages its annual StartUp Connect event, an always-engaging moshpit of innovators and investors rocking with potential. Now…


In Contract Pharmacal, Albany’s job-making blueprint

By GREGORY ZELLER // New York might not have the best reputation among national entrepreneurs, but that doesn’t mean an independent business can’t thrive here – and Albany is trumpeting a Long Island success story as proof of the state’s economic-development chops. On Tuesday, the Empire State Development Corp. and the New York Power Authority issued an update on Contract Pharmacal Corp., a family-owned pharmaceuticals manufacturer that has made several job-creation and facilities-investment promises in…


Suffolk IDA steps up as Spellman expands global HQ

By GREGORY ZELLER // An expanded global headquarters and as many as 10 new hires are in the cards for the Spellman High Voltage Electric Corp., which has received an economics-incentives package from the Suffolk County Industrial Development Agency. The IDA on May 2 granted the company some $652,000 in combined tax breaks, primarily through a 10-year reduction in property taxes, to facilitate the modernization of Spellman’s existing headquarters facility on Wireless Boulevard in Hauppauge….


Study: Park is the place for ‘tradeable’ opportunities

By GREGORY ZELLER // It already plays a central role in the Long Island economy, but the economic power of the Hauppauge Industrial Park has barely been scratched. So says a new “opportunity analysis” of the Northeast’s largest business park, prepared by the Suffolk County Industrial Development Agency and the Hauppauge Industrial Association of Long Island and announced Wednesday by Suffolk County Executive Steve Bellone. “Hauppauge Industrial Park: Regional Competitiveness and Growth Strategies” spends 160…


LICA kicks off 2019 slate with tastiest Capital Forum

By GREGORY ZELLER // The Long Island Capital Alliance always has an appetite for success, but the next installment of its Capital Forum series takes that mantra fairly literally. Scheduled for March 8 in Melville, the alliance’s first capital forum of 2019 will cater to foodies – specifically, to small companies in the food & beverage and agricultural-technology industries. The forum is a quarterly breakfast-networking platform that places innovators – often, but not exclusively, in…


No. 369: Ringing in 2019 with stocks, Bonds and Mormons, plus a little taste of France in Great Neck

  Eleven pipers piping: And a drumroll (or 12) as the days of Christmas fade and the New Year settles in. Welcome, dear reader, to the end of the first week of 2019 and the beginning of a brand-new chapter of socioeconomic innovation. It’s Jan. 4 out there – Independence Day in Myanmar, Day of the Martyrs in the Democratic Republic of the Congo and World Braille Day everywhere, celebrating the tactile reading and writing…


Handy IDA package helps maintenance manager move

By GREGORY ZELLER // Leveraging a $5 million company investment and looking to preserve nearly five dozen jobs, the Suffolk County Industrial Development Agency has stepped up like a boss. Actually, the IDA stepped up for a Boss, as in Boss Facility Services, a Ronkonkoma-based facilities-maintenance contractor that’s looking to purchase and renovate a 31,000-square-foot building on Adams Avenue in Hauppauge. That transaction becomes a little easier thanks to the Suffolk IDA, which has issued…


20 years and still smartening up at Vision Long Island

By GREGORY ZELLER // Before downtown redevelopment was cool, there was Vision Long Island. Today, it seems, everyone is doing it: “Transit-oriented development” is in, Albany doles out $10 million checks to stir the pot and some 40 Long Island downtown districts are in some revivalist phase – a “coalition of the willing,” according to Vision Long Island Director Eric Alexander, who remembers a time not long ago when things were a little different. “When…


No. 353: Don’t be scared, it’s just our Halloween edition (featuring spacemen, blood machines and ghost chickens)

  In the spirit: Welcome to Wednesday, fearless readers, the midpoint of another busy week of socioeconomic innovation and the start of another holiday season. It is, of course, Oct. 31, a date that needs no introduction – though whether Halloween is a pagan ritual dating back to Celtic Druids, as many believe, or actually a Christian creation is open to some debate. Boo: Either way, the first jack-o-lanterns were made from turnips, the fear…


Suffolk IDA delivers tax breaks for Deliver My Meds

By GREGORY ZELLER // Long Island patients, including the elderly, may acquire their home-delivered pharmaceuticals at a much faster clip, with the assistance of the Suffolk County Industrial Development Agency. The IDA has issued preliminary approval of an economic-incentives package that will help the owner of a series of local pharmacies in Brooklyn and Long Island grow a new corporation designed specifically to receive, prepare and ship prescription orders, all from a new facility on…


No. 344: Blowing in from Denmark, droning on at PSEG and star trekking in Garden City (plus, your Cocoa Puffs origin story) 

Friday morning and the mood is high: Welcome to the end of another busy workweek, dear readers. It’s Sept. 28 out there, and the first full weekend of autumn is upon us. Friday night and the lights are low: To get you in the proper mood, check out this list of the top 15 Friday songs, courtesy of our friends at MetroLyrics. Freedom rocks: It’s International Right to Know Day, the 16th anniversary of a…


Long Island pet-chow firm will stay, thanks to IDA

By GREGORY ZELLER // Long Island’s largest pet-food company seems likely to remain a Long Island company, thanks to man’s best friend – at least, a good friend of regional enterprise. The Suffolk County Industrial Development Agency has issued preliminarily approval of an economic-development package that would help Deer Park-based Health Extension Pet Care – doing business as Holistic Health Extension – purchase, renovate and equip a new headquarters building. According to the IDA, the…