News

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…

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A co-working facility for mom and pop, literally

By GREGORY ZELLER // From Albany’s corridors of power to the local co-working facility’s unassuming cubicle, there’s plenty of support for the little guy. Entrepreneurs can leverage the overhead-cutting benefits of a shared-office environment, the tax-cutting delights of a Startup NY-type incentives program and a dozen other concerted efforts designed specifically to boost their startups. But these socioeconomic engines largely stall when it comes to one fairly common truth about risk-taking business-starters: They’re often thirtysomething…


At Stony Brook’s CEWIT, never too old to incubate

By GREGORY ZELLER // A Stony Brook University business-development program known primarily as a haven for startups has opened its doors to a 24-year-old tech innovator. Islandia-based “medical informatics” firm ZyDoc Corp. has been accepted into SBU’s Incubator Program and will move a research-and-development team this month into the university’s Center of Excellence in Wireless and Information Technology. Although CEWIT’s own mission statement lists “new enterprise development” as a core function, ZyDoc – launched in…


After curing what ailed it, ‘TopDoc’ startup soars

By GREGORY ZELLER // And you thought medical school took forever. It’s been 10 long years since husband-and-wife entrepreneurs Anthony Casimano and Siobhan O’Grady launched their online appointment-setting service for local doctors and dentists. But it was just three years ago that the floundering startup found its path, thanks to some skilled digital programmers and an evolved business plan. Built around a proprietary, comprehensive and free public database featuring 1 million-plus board-certified providers, FindaTopDoc.com is…


CPI Aero catches Lightning, again, with new F-35 deal

By GREGORY ZELLER // The world’s most advanced warplane will get a lift from a longtime Long Island defense contractor. Edgewood-based CPI Aerostructures Inc. has been awarded a $15.8 million contract by the Lockheed Martin Co. to manufacture assemblies that open and close cockpit canopies on all three variants of the F-35 Lightning II, a fifth-generation jet that combines advanced stealth capabilities with fighter-plane speed and agility. The multi-year deal, announced Monday by CPI Aero,…


Northwell opens post-op Cardiac Rehab Center

By GREGORY ZELLER // Long Island’s only heart-transplant program now has its own recovery center. Leveraging an expanded slate of cardiovascular services at Manhasset’s Sandra Atlas Bass Heart Hospital, including Long Island’s first and only heart-transplant program, the Northwell Health system officially cut the ribbon last week on its pioneering Cardiac Rehabilitation Center in Great Neck. The state-of-the-art facility is the result of a $500,000 investment by the New Hyde Park-based health system, which stocked…


Cemtrex closes in on key VR software acquisition

By GREGORY ZELLER // Reality check: A Farmingdale-based tech firm is reinforcing a lucrative virtual vertical with a big push into VR. International tech manufacturer and distributor Cemtrex Inc. announced Monday that it has signed a letter of intent to acquire a New York City-based virtual-reality software-development firm. While it has revealed some clues as to the target company’s identity – it was founded in 2010, employs more than 30 programmers and boasts annual sales…