Economic Development

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…

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Community wellness meets innovation at Hofstra camp

By GREGORY ZELLER // Healthcare met entrepreneurism this week at Hofstra University, where teams of wellness-focused innovators came together to learn the business ropes directly from seasoned insiders, including Northwest Health professionals. Hailing from around the Greater New York region and as far away as Massachusetts and Florida, 26 teams of aspiring wellness impresarios received entrepreneurship training to help promote healthcare innovations in underserved communities, the “challenge topic” of the 2019 Healthcare Entrepreneurship Community Challenge…


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…


Suffolk IDA steps up as Spellman expands global HQ

By GREGORY ZELLER // An expanded global headquarters and as many as 10 new hires are in the cards for the Spellman High Voltage Electric Corp., which has received an economics-incentives package from the Suffolk County Industrial Development Agency. The IDA on May 2 granted the company some $652,000 in combined tax breaks, primarily through a 10-year reduction in property taxes, to facilitate the modernization of Spellman’s existing headquarters facility on Wireless Boulevard in Hauppauge….


Study: Park is the place for ‘tradeable’ opportunities

By GREGORY ZELLER // It already plays a central role in the Long Island economy, but the economic power of the Hauppauge Industrial Park has barely been scratched. So says a new “opportunity analysis” of the Northeast’s largest business park, prepared by the Suffolk County Industrial Development Agency and the Hauppauge Industrial Association of Long Island and announced Wednesday by Suffolk County Executive Steve Bellone. “Hauppauge Industrial Park: Regional Competitiveness and Growth Strategies” spends 160…


Minority-owned businesses benefit as Hofstra ‘Ascends’

By GREGORY ZELLER // A new university/government/industry outreach program focused on minority entrepreneurs received an executive-grade kickoff Tuesday at Hofstra University. Funded by a $350,000 grant from JPMorgan Chase, the Ascend Long Island program – what Hofstra called “the first suburban outpost” of Chase’s larger Ascend 2020 effort – launched with a half-day symposium and an impressive 24 regional businesses already in the fold. Ascend 2020 is a joint effort of JPMorgan Chase’s Small Business…


Shamash departs, SBU economic development realigns

By GREGORY ZELLER // Stony Brook University is bidding farewell to its longtime economic-development guru – and saying hello to a new innovation-and-commercialization protocol, starting with a union of its mighty research and economic-development offices. University President Samuel Stanley Jr. announced Thursday that effective April 1, SBU’s Office of Economic Development will be consolidated within the university’s Office of Research – creating the new Office of Industry-Research Partnerships & Business Services and the new Office of…