Economic Development

Economic Development June 11, 2019

Stakeholders unite to support pharma/nutra’s future

By GREGORY ZELLER // With more than 150 companies and 9,800-plus employees, the pharmaceutical/nutraceutical industry is already a Long Island cornerstone – and some major regional stakeholders want to see it grow. On Tuesday, the Suffolk County Industrial Development Agency and the Workforce Development Institute officially introduced “Driving Suffolk County’s Innovation Economy: The Pharmaceutical/Nutraceutical Growth Factor,” a 48-page report detailing pharma/nutra’s impressive growth over the last decade and the unique obstacles the industry faces on…

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…

Economic Development December 18, 2018

Lower-tier LI consoled by $68M in 2018 REDC awards

By GREGORY ZELLER // If $68.3 million for workforce development and affordable housing programs is losing, Long Island will take it. That’s the Island’s haul in the 2018 Regional Economic Development Council competition, announced Tuesday by Empire State Economic Development Corp. President and CEO Howard Zemsky. Zemsky, also commissioner of the New York State Department of Economic Development, presented all 10 winners of the annual statewide development competition, each representing one of 10 economic-development zones….

Economic Development December 17, 2018

NYC magnate, Conn. corp. feel IDA’s holiday spirit

BY GREGORY ZELLER // The Brookhaven Industrial Development Agency is feeling the holiday spirit, giftwrapping new incentives deals for a growth-minded East Patchogue equipment-rental cooperative and a New York City developer with plans for a Medford warehouse. The IDA will help Connecticut-based national equipment rental company United Rentals build and operate an 18,000-square-foot facility on 10 acres in East Patchogue, designed to store and distribute construction and industrial equipment. And the development agency is helping…

Economic Development December 4, 2018

Hempstead IDA drives school bus company’s new HQ

By GREGORY ZELLER // The wheels on the bus go round and round in Hempstead, where the Industrial Development Agency has finally finalized an economic-incentives package for a leading school bus operator. Approved in September and closed Nov. 30, the Town of Hempstead IDA’s undisclosed tax-abatement deal will help Port Washington-based Dell Transportation Corp. acquire 1.37 acres at the intersection of Kellum Place and Union Place in the Village of Hempstead. Dell Transportation is planning…

Economic Development November 14, 2018

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…

Economic Development October 29, 2018

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…

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