Empire State Development

Government, here to help small business

The world is coming to Bethpage. At least, the Global NY Fund is coming to Bethpage – specifically, to the Long Island Forum for Technology’s Morrelly Homeland Security Center in West Bethpage, where fund representatives will discuss Empire State Development loan and grant programs designed to help small and medium-sized businesses make hay overseas. The forum, scheduled to begin at 8:30 a.m. Monday, highlights the $35 million Global NY Fund, which offers grants up to…


Fougera Pharmaceuticals plans $88M Melville plant

Fougera Pharmaceuticals plans to consolidate its local operations into a new $88 million Melville plant that will retain almost 400 jobs and give the firm room for additional growth. Fougera, which currently operates from smaller buildings in Melville and Hicksville, manufactures more than 200 branded and generic semi-solid creams, ointments and lotions treating such dermatological ailments as eczema, acne and psoriasis. Its parent company, Sandoz, is a leader in the manufacture of generic dermatology medicines…


ALI director Mark lesko

Accelerate LI to partner on $1.5M seed fund

New York State has awarded $1.5 million to a new seed fund designed to invest in downstate companies commercializing research from local laboratories and universities. The fund will be administered by Accelerate Long Island and the SUNY Research Foundation and will handle investments on Long Island, parts of New York City and the Hudson Valley. The $1.5 million will be matched by the university system’s investment arm and with private money from local venture firms…