Study: Babylon IDA tax cuts spurred $600M in activity
Take a bow, Babylon Industrial Development Agency: You leveraged just $6 million in tax incentives into nearly 100 times that in economic activity, and created some 10,000 new jobs, in…
Economic Development
Albany pumps $10M into a new downtown Hicksville
By GREGORY ZELLER // Hicksville has won the regional round of New York State’s second-annual $100 million downtown-redevelopment contest. The Nassau County hamlet in the Town of Oyster Bay will…
Light the lights: Broadway National eyes new stage
By GREGORY ZELLER // Broadway National is changing venues. The three-decade-old property-management firm with the big-name clientele is taking its big-stage flair from Ronkonkoma to Hauppauge, thanks to a new…
Developers jockey for position after Belmont RFP
By GREGORY ZELLER // Like a bugle call summoning the field to the starting gate, New York State is beckoning developers to Belmont Park. Trumpeting “an exciting and much-anticipated development…
Aerospace is swell and all, but this is about land
By GREGORY ZELLER // Make no mistake: For Greek-American billionaire John Catsimatidis, this is a land deal, pure and simple. The owner of Gristedes Foods, the largest grocery chain in…
Suffolk IDA backs an old friend in Hauppauge
A Hauppauge-based tech consultancy will expand its global headquarters and business operations, with the help of the Suffolk County Industrial Development Agency. The IDA on Thursday granted preliminary approval to…
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…
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…
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…
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…
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….
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…
Preliminary approval for high-tech, housing tax deals
Dozens of high-paying tech jobs and affordable rental housing for those who aren’t paid quite that much are in the mix with two transactions preliminarily approved Thursday by the Suffolk County Industrial Development…
With $800 million at stake, let the games begin
It’s on: Governor Andrew Cuomo on Tuesday officially opened the seventh round of the annual Regional Economic Development Council competition, a statewide funding contest in which each of the state’s…
LISTnet’s bursting Ballpark adds new office
By GREGORY ZELLER // They’re cramming them into the Digital Ballpark, the Long Island Software & Technology Network’s price-controlled Plainview co-working space. Currently juggling about 20 full-time residents, the Ballpark…