Economic Development

Report links LI pandemic recovery to racial equality

By GREGORY ZELLER // A new socioeconomic study ties Long Island’s post-pandemic economic recovery inexorably to race. Sensing an “unprecedented opportunity” in the confluence of the global COVID-19 pandemic and America’s resurgent interest in racial equality, the Long Island Regional Planning Council and the Suffolk County Industrial Development Agency on Thursday released “Upskilled: Preparing the Long Island Workforce for the Future.” The comprehensive study – prepared by James Lima Planning + Development, a New York…

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Mirabella bows, generations change at the LIBDC

By GREGORY ZELLER // A “council of elders” works great in the movies, but for 21st century business development, only fresh thinking will do. This is Edward Mirabella’s mindset, at least, as he trumpets “young, new blood” and steps down as co-chairman of the Long Island Business Development Council Executive Board, effective Oct. 31. Mirabella, a 43-year commercial banking veteran who launched Wantagh-based corporate consultancy Mirabella Associates in 2006, will continue as treasurer of the…


In 2019 plan, LIREDC ‘doubles down’ on what works

By GREGORY ZELLER // From the If It Ain’t Broke file comes the Long Island Regional Economic Development Council, which covers proven ground in its annual progress report/wish list to the Empire State Development Corp. Meeting ESD’s yearly Oct. 1 submission deadline, the LIREDC slapped a new title on its 2019 report (“Long Island: Breaking Down Barriers”) but filled it with a familiar mix of success stories and future ambitions, largely focused on the Island’s…


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…


The ‘underserved’ aim high, via Ascend Long Island

By GREGORY ZELLER // The rubber meets the roads Thursday at Hofstra University, when the innovative Ascend Long Island program holds its first-ever “procurement conference.” Combining small Nassau County businesses and buyers from bigger regional corporations and government agencies, the conference is built to bolster Ascend Long Island’s primary mission: to provide essential business resources, primarily capital, to early stage enterprises in underserved Nassau communities. Specifically, what Hofstra calls “The Corridor:” the villages of Hempstead…


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…


Competition runs deep as annual ‘RipTide’ returns

By GREGORY ZELLER // A business plan pitch-a-thon with real pull is returning to the Hamptons. i-Hamptons – the professional networking community that brought you The Spur and Spur East, members-only “entrepreneur’s clubs” aimed at East End impresarios – is diving back into business-building waters with its annual “Shark Tank”-like business plan competition, “RipTide: Sink or Swim.” This year’s Riptide III (unofficially updated as “$ink or $wim”) is set to distribute some $50,000 in grant…