Economic Development

Tomorrow’s health tech to shine at LICA Capital Forum

By GREGORY ZELLER // Another intriguing combination of presenters and panelists marks the next Capital Forum on the Long Island Capital Alliance’s schedule, this one focused on the lifeblood of the Island’s innovation economy. Following a June networker centered around cybersecurity startups and a March pitch-a-thon spotlighting early-stage technology firms, the latest Capital Forum returns to healthcare, a Long Island socioeconomic cornerstone that has naturally become a go-to theme for LICA and its (roughly) quarterly…

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Feds OK $537M loan for NYC’s Farley train project

New York has been greenlighted for more than $500 million in federal loans to covert the Farley Post Office building in Manhattan into a modern transit hub, replacing the rabbit warren of tunnels known as Penn Station. The credit program, formerly called the Transportation Infrastructure Finance and Innovation Act but better known as TIFIA, has been used repeatedly by the state for big construction projects, including the State Island ferry terminals and the new Tappen…


LICA seeks healthcare heroes for next forum

Fresh from its successful June 9 Cybersecurity Capital Forum, the Long Island Capital Alliance has put out the call for its next inventors-meet-investors networker, this focused on one of Long Island’s most active verticals: healthcare. The nonprofit capital-formation and business-development organization is accepting business-plan applications through July 21 from early-stage healthcare companies interested in pitching at the Healthcare Capital Forum, scheduled for Sept. 27 at RXR Executive Park in Melville. Like other LICA forums, the…


In SBU’s incubators, it’s all about who you know

By GREGORY ZELLER // From the Couldn’t Have Done It Without You file comes the 2017 Incubator Showcase, a victory lap for past and current products of Stony Brook University’s diverse economic-development ecosystem – many of whom say they’d have been nonstarters without the university’s help. Packed into a large conference space inside SBU’s Center of Excellence in Wireless and Information Technology, Thursday’s event was an impressive sight indeed: dozens of early-stage enterprises representing a wide…


Innovation’s past, present, future at SBU showcase

By GREGORY ZELLER // Stony Brook University is gearing up for its annual business-development victory lap. Hosted by the university’s Office of Economic Development, SBU’s second-annual Incubator Company Showcase is a chance for the multifaceted school to flex its innovation muscle – a joint presentation of its Centers of Excellence, Centers for Advanced Technology and myriad business incubators, designed to highlight the cutting-edge creativity and business acumen comprising SBU’s entrepreneurial ecosystem. It’s also a chance…


Big plans, but Hub still hinges on Suffolk sewers

By MICHAEL FAIRLIE // Progress is coming in drips and drabs, but the lack of sufficient sewer systems remains the No. 1 impediment to the ambitious Ronkonkoma Hub redevelopment project. That was the main message Wednesday, when the MacArthur Business Alliance – a 23-year-old networking organization promoting commercial, industrial and not-for-profit interests across Suffolk County – hosted a meeting at Ronkonkoma’s Courtyard by Marriott to update interested parties on the project’s progress and potential effects….


Bell rings for Round 2 of $100M downtown initiative

New York State’s Downtown Revitalization Initiative is back for a $100 million second round. Governor Andrew Cuomo has announced the launch of Round 2 of the program, which will once again offer monetary and other support to the creation of Strategic Investment Plans for rebuilding efforts in 10 designated downtown communities across the state. The initiative, part of a “comprehensive approach” to neighborhood and economic transformations across New York, looks to “build upon the successful…