Brain drain? Put a cork in it
By GREGORY ZELLER // Don’t whine when you can wine. That was one of the big ideas Wednesday, when a select group of educators, hospitality professionals and economic-development experts –…
Empire State 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…
Promises made, promises kept in Brentwood
By GREGORY ZELLER // With new equipment and a pending real-estate deal, a Brentwood business is making good on its commitments to Empire State Development, Albany’s main economic-development engine. Nearly…
Albany’s $35M offer keeps Nature’s Bounty Co. on LI
A leading global wellness company is dramatically expanding its Long Island operations. The Nature’s Bounty Co. will create 157 new jobs – and retain 2,042 existing jobs, counting all 11…
Canrock Ventures ‘recklessly misused’ fed investment
Canrock Ventures, the venture capital firm founded by onetime tech wunderkind Mark Fasciano, “recklessly misused” $1.6 million in federal funds by investing the money in startups in its own portfolio,…
The end is nigh for sputtering Start-Up NY
By GREGORY ZELLER // While several components of Gov. Andrew Cuomo’s proposed FY2018 budget will probably meet resistance in Albany’s corridors of power, at least one is likely to sail…
Feds STEP up for smaller New York exporters
Empire State Development will use a federal grant to pump up Global NY, the international division of Albany’s main economic-development engine. The U.S. Small Business Administration has awarded ESD a…
Best Market, Albany cooking up LI ‘food hub’
Regional grocery chain Best Market will take over about one-third of the former Entenmann’s facility in Bay Shore, Gov. Andrew Cuomo announced Tuesday, the first step in the establishment of…
Hofstra, SCCC land entrepreneur training funds
Hofstra University and Suffolk Community College are in line for grants of about $81,000 each to help local entrepreneurs write business plans, attract financing and develop markets. The money comes…
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…
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,…
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…