News

Island holds its own among the 2019 Inc. 5000

By GREGORY ZELLER // One of the most exhaustive annual studies of American business growth is lousy with Long Island companies. That is to say, Long Island is well-represented in the 2019 Inc. 5000, the magazine’s annual analysis of the 5,000 “most successful companies in America” – at least, the fastest-growing private firms in all the land. Released this week, the prestigious yearly list analyzes three-year growth rates (in this case, spanning 2015-2018) of U.S.-based,…

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With next DRI winners looming, Central Islip gets busy

By GREGORY ZELLER // With the latest winners of Albany’s annual Downtown Regional Initiative waiting in the wings, they’re getting busy in Central Islip, reigning Long Island champion. The statewide competitive-application process – which awards $10 million stipends to spur private investment in distressed downtowns in each of New York’s 10 economic-development zones – is set to announce its Round 4 winners in the coming days. But first, Gov. Andrew Cuomo has been delivering updates…


Writing the book, literally, on bioelectronic medicine

By GREGORY ZELLER // The pioneering work of several key researchers has made Long Island a focal point in the emerging science of bioelectronic medicine – their combined knowledge and achievements could fill a book. And it has. Fresh off the Cold Spring Harbor Laboratory Press comes “Bioelectronic Medicine: A Subject Collection From Cold Spring Harbor Perspectives in Medicine,” which belies that awkward academic title with a sharp and exciting focus: groundbreaking progress in bioelectronics,…


Debtless docs debut at tuition-free LI med school

By GREGORY ZELLER // Future doctors ceremoniously started their medical educations at schools around the world July 26, but the “white coat ceremony” at one Long Island institute held a singular significance. It was the very first for the NYU Long Island School of Medicine, New York University’s newly accredited med-ed mecca. Part of the NYU Langone Health system, the LISOM received preliminary accreditation in February from the Liaison Committee on Medical Education, the U.S….


With pilot run ending, top marks for LI Bioscience Hub

By GREGORY ZELLER // The Long Island Bioscience Hub is making the grade, according to a report card prepared by independent evaluators. Since launching in 2015, the LIBH – a National Institutes of Health effort uniting Stony Brook University, Brookhaven National Laboratory, Cold Spring Harbor Laboratory and Northwell Health’s Feinstein Institute for Medical Research – has trained hundreds of innovators, helped fund dozens of technology-development projects and assisted the formation of numerous startup companies and…


New era, same mission as golden LIBDC plans ahead

By GREGORY ZELLER // Invention, and reinvention. They are the manifestation of creativity and the heart of innovation. True today, on a Long Island staking a claim as a leading biosciences hub; true a half-century ago, when a unique combination of potato farms and cutting-edge aerospace defined an otherwise sparse suburbia. The current leadership of the Long Island Business Development Council, which turns 50 this year, is a reinvention of sorts – a forward-thinking team…


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…