Suffolk County IDA

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…


No. 342: Bill Murray ages, IDAs erupt, China conquers the world and cider rules (and cider donuts, mmmm…)

The end is nigh: And so’s the beginning, as another workweek sets and a well-earned weekend dawns. Congratulations, friends, you made it. It’s Friday, Sept. 21, and a busy one at that – the International Day of Peace (established in 1981 by a unanimous U.N. resolution), Independence Day in Armenia, Belize and Malta and the last full day of Summer 2018, with the sun crossing the Earth’s equator into the Southern Hemisphere at 9:54 p.m….


No. 334: On waffles, NATO, Estée Lauder and ocean acidity – plus feeding healthier pets, one ingredient at a time

Mission accomplished: You set out on Monday to complete another summer workweek, dear readers, and here you are – it’s Friday, Aug. 24, and another well-earned weekend dawns. Listen to this: It’s also International Strange Music Day, an annual event designed to broaden musical tastes by getting people to listen to music they’ve never heard before. To that end, put your hands together for Swedish folktronica band Wintergatan, and the amazing marble music machine! Somehow,…


No. 320: Calling ET, incentivizing the HBD, hopping the Huntington shuttle – and happy birthday, Dalai Lama!

Well, that was quick: Whether you vacationed the first or second half of the week, or merely slept in on Wednesday’s national holiday, here we are, dear readers – the end of a sweet, sweaty and abbreviated workweek. It’s July 6 out there, and if you had Epaminondas defeating Cleombrotus I in the Battle of Leuctra on his date (or thereabouts) in 371 B.C., you’re a winner. Finger-lickin’ good: It’s also National Fried Chicken Day,…


Hamptons Business District lands key tax deal

By GREGORY ZELLER // The evolving Hamptons Business District has received another substantial shot in the arm. The Suffolk County Industrial Development Agency has issued preliminarily approval of a new tax-abatement package that will help developer Rechler at Gabreski LLC construct its third building at the expanding Westhampton Beach business hub, located on the grounds of the county’s Francis S. Gabreski Airport. According to the IDA, the developer is investing $10.8 million in a construction plan at…


No. 319: Attack of the ladybugs, rise of the Northport Hotel and how to enjoy a (really) long weekend, courtesy of Smirnoff

Yeah, baby: Marinate those sirloin tips and grab yourself a frosty one, dear readers – you’ve made it to the precipice of another glorious weekend, this leading into a blessed holiday week (and for a fortunate few, a rare and precious five-day weekend). To wit: British beverage baron Smirnoff, suggesting it’s “un-American” for the Fourth of July to fall on a Wednesday, is paying people to take off July 2 and 3 and make it…