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…
Howard Zemsky
Dealertrack celebrates new $100 million HQ
Software maker Dealertrack has unofficially opened its new $100 million corporate headquarters. The developer of software solutions for the automotive retail market won’t actually move in employees until early July,…
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…
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…
Center for Biotechnology answers feds’ ‘Challenge’
A $500,000 U.S. Department of Commerce “challenge award” for the Center for Biotechnology at Stony Brook University is part of a $15 million round of federal economic-growth stipends – including…
With $650M bet, Cuomo all-in on life sciences
By GREGORY ZELLER // New York has launched a “groundbreaking” $650 million initiative to support life-science industries across the state. The initiative, announced Monday, will offer investment capital, operating support…
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…
Lesko, SBU’s Donnelly to run $6M+ seed fund
By GREGORY ZELLER // Accelerate Long Island is back in business, and it’s main private-investment partners are coming along for the ride. The seed-funding business accelerator, which has been publicly…
State adds 16 to Start-Up NY program; none here
Sixteen new companies have been added to the Start-Up NY program, with next-level technological endeavors once again setting the tone. Start-Up NY creates zones around colleges and universities where businesses…
The not quite magical, but mysteriously necessary, Start-Up NY tour
By JOHN L. KOMINICKI // The state’s economic development arm hit Long Island this week with what wags are calling the Start-Up NY Damage Control Tour. And there’s plenty to…
17 join Start-Up NY program, but none on LI
A host of new companies have joined the Start-Up NY program, giving Gov. Andrew Cuomo’s flagging jobs-creation program a needed shot in the arm. Taking heavy fire over the program,…
VIEWPOINT: Shuffling in from Buffalo
Howard Zemsky, Gov. Andrew Cuomo’s newly minted economic development chief, was on Long Island recently to hob and nob with pols and local business leaders. In a speech to a…