Bad news, good news: The pandemic rages, the NFL season teeters on the brink and so does the republic – but weep not, dear reader, for this taxing workweek nears its end, and another autumnal weekend awaits. Yes, it’s Friday out there, Oct. 2 to be precise, and we wish one and all – even bullies, even cowardly leaders who incite violence – a serene International Day of Non-Violence, marking the birthdate of Indian…
By GREGORY ZELLER // A new socioeconomic study ties Long Island’s post-pandemic economic recovery inexorably to race. Sensing an “unprecedented opportunity” in the confluence of the global COVID-19 pandemic and America’s resurgent interest in racial equality, the Long Island Regional Planning Council and the Suffolk County Industrial Development Agency on Thursday released “Upskilled: Preparing the Long Island Workforce for the Future.” The comprehensive study – prepared by James Lima Planning + Development, a New York…
By GREGORY ZELLER // In the best possible sign for the Long Island innovation economy, the business of business continues, with regional industrial-development agencies stepping up to keep the Island keeping on. The latest examples: A Suffolk County Industrial Development Agency incentives package for Hauppauge-based InvaGen Pharmaceuticals, which is scaling up on Old Willets Path, and a switcharoo of sorts facilitated by the Town of Hempstead Industrial Development Agency, which is helping a Long Beach…
By GREGORY ZELLER // Old economic-development friends have crossed paths again in Hauppauge, with a critical new ED edict. The Suffolk County Industrial Development Agency has issued preliminary approval of a tax-abatement deal that will help prescription drug-maker ScieGen Pharmaceuticals remake two-thirds of its 92,000-square-foot Hauppauge space – a manufacturing motivator designed to pump up output and create new jobs. One-hundred-six new jobs, according to the IDA, with ScieGen Pharmaceuticals engaging a Long Island-based supply…
By GREGORY ZELLER // Take a breath, Suffolk County IDA! It’s already been a busy 2020 for the jobs-focused Industrial Development Agency, which continued to build pro-employment momentum this week with fresh tax-incentive deals promising hundreds of temporary construction jobs in the short term and the creation/retention of hundreds of full-time positions later. Just weeks after greenlighting tax breaks for the developers of Destination KP – a tourism magnet billed as “the largest privately owned…
By GREGORY ZELLER // A leading distributor of aviation-support equipment will fly out of Long Island for another decade at least, with a nod to the Suffolk County Industrial Development Agency. The IDA has announced preliminary approval of an incentives package designed to help Sage Parts Plus renovate its existing 55,000-square-foot Melville headquarters and enter into a new 10-year lease agreement at the site – turning the global headquarters into a state-of-the-art logistics center and…
By GREGORY ZELLER // An expanded global headquarters and as many as 10 new hires are in the cards for the Spellman High Voltage Electric Corp., which has received an economics-incentives package from the Suffolk County Industrial Development Agency. The IDA on May 2 granted the company some $652,000 in combined tax breaks, primarily through a 10-year reduction in property taxes, to facilitate the modernization of Spellman’s existing headquarters facility on Wireless Boulevard in Hauppauge….
By GREGORY ZELLER // Leveraging a $5 million company investment and looking to preserve nearly five dozen jobs, the Suffolk County Industrial Development Agency has stepped up like a boss. Actually, the IDA stepped up for a Boss, as in Boss Facility Services, a Ronkonkoma-based facilities-maintenance contractor that’s looking to purchase and renovate a 31,000-square-foot building on Adams Avenue in Hauppauge. That transaction becomes a little easier thanks to the Suffolk IDA, which has issued…
By GREGORY ZELLER // Long Island patients, including the elderly, may acquire their home-delivered pharmaceuticals at a much faster clip, with the assistance of the Suffolk County Industrial Development Agency. The IDA has issued preliminary approval of an economic-incentives package that will help the owner of a series of local pharmacies in Brooklyn and Long Island grow a new corporation designed specifically to receive, prepare and ship prescription orders, all from a new facility on…
By GREGORY ZELLER // Long Island’s largest pet-food company seems likely to remain a Long Island company, thanks to man’s best friend – at least, a good friend of regional enterprise. The Suffolk County Industrial Development Agency has issued preliminarily approval of an economic-development package that would help Deer Park-based Health Extension Pet Care – doing business as Holistic Health Extension – purchase, renovate and equip a new headquarters building. According to the IDA, the…
By GREGORY ZELLER // The evolving Hamptons Business District has received another substantial shot in the arm. The Suffolk County Industrial Development Agency has issued preliminarily approval of a new tax-abatement package that will help developer Rechler at Gabreski LLC construct its third building at the expanding Westhampton Beach business hub, located on the grounds of the county’s Francis S. Gabreski Airport. According to the IDA, the developer is investing $10.8 million in a construction plan at…
By GREGORY ZELLER // An upscale hotel-restaurant on Northport’s Main Street is a step closer to reality, thanks to the Suffolk County Industrial Development Agency. The Suffolk IDA on Thursday approved a tax-abatement transaction that will assist 225 Northport LLC with the construction of a 24-room “boutique hotel and restaurant” at 225 Main St., current site of a dated, 17,610-square-foot building used primarily as office and restaurant space. The hotel/restaurant will encompass more than 25,000…
By GREGORY ZELLER // Senior citizens in Commack are still waiting to score, but the Suffolk County Industrial Development Agency has already earned an assist. The Suffolk IDA on Monday announced preliminary approval of an economic-development incentives package that will help bring a long-awaited, $26 million revitalization project to fruition – though the project, which would replace an old motel with an age-restricted rental community for residents 55 and older, still requires final approvals from…
By GREGORY ZELLER // A Whitestone-based physical therapy network has received a shot in the arm from the Suffolk County Industrial Development Agency. The IDA on Thursday offered preliminary approval for an economic-development incentives package that will allow PPT Management LLC, a multistate provider of physical rehabilitation and hand-therapy services, to close its administrative offices in Queens and Nassau County and establish a new corporate headquarters in Melville. PPT Management, which was founded in 1998…
A corporate consolidation in Melville is in the works, thanks in part to the Suffolk County Industrial Development Agency. The agency on Thursday issued preliminary approval for a transaction that will help Grace Industries LLC establish a national corporate office – a $17 million company investment that will consolidate several of the civil engineering firm’s existing offices in the new Melville HQ. Grace Industries, a subsidiary of the Plainview-based civil engineering conglomerate Haugland Group, currently…