Economic Development

Economic Development May 16, 2019

Location plays big as Bridgeworks, DropDesk expand

By GREGORY ZELLER // Consider it ridesharing on the road to professional development. That’s the angle founder Graham Beck is taking at Bridgeworks, the Long Beach co-working community that’s advancing nicely in Beck’s self-appointed mission to create a local business-incubation system – and then replicate it elsewhere. As co-working spaces go, Bridgeworks is a busy one: networking events, marketing help, printing services, plenty to eat and drink and a host of other business-building benefits especially…

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…

Economic Development October 17, 2018

Nassau IDA backs new rentals on Sandy-ravaged site

By GREGORY ZELLER // An Oceanside site ravaged by Superstorm Sandy will soon be remade into a new rental-apartment complex, with the help of the Nassau County Industrial Development Agency. The Nassau IDA has approved a tax-reducing economic-incentives package that will help The Feil Organization, a New York City-based development-management firm, rebuild the dilapidated site into a 230-unit, transit-oriented rental complex. The development agency first approved the tax-abatement deal in September and issued its final…

Economic Development October 2, 2018

Past success, future hopes fuel LIREDC’s 2018 report

By GREGORY ZELLER // The Long Island Regional Economic Development Council has met its Oct. 1 deadline and submitted its annual progress report/wish list to the Empire State Development Corp., Albany’s main economic-development engine. The 2018 progress report, titled “Long Island: Completing the Puzzle,” both highlights the efforts of the Long Island REDC since Gov. Andrew Cuomo launched his competitive statewide economic-development program in 2011 and lists the projects the regional council hopes to support…

Economic Development September 25, 2018

Brookhaven IDA backs Triple Five’s Dowling plan

By GREGORY ZELLER // A New Jersey-based developer with high-flying plans for a new Long Island aviation hub has earned an assist from the Town of Brookhaven Industrial Development Agency. The IDA on Tuesday announced its final approval of an economic-incentives package that will help Triple Five Aviation Industries LLC, a subsidiary of East Rutherford-based Triple Five Worldwide Group, redevelop the former Dowling College campus in Shirley into what the development agency called an “aviation…

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