news

Suffolk IDA package gives relocating PT firm a leg up

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…


Ronkonkoma Hub (finally) gets its Brookhaven IDA deal

By GREGORY ZELLER // The ambitious Ronkonkoma Hub development project has at long last secured an incentives package from the Town of Brookhaven Industrial Development Agency. The tax-abatement deal has been a long time coming: Phase 1 of Tritec Real Estate Co.’s $538 million, transit-oriented commercial and residential master plan actually earned unanimous approval in 2014 for a Brookhaven IDA economic-benefits package. But the long-discussed project – “soon expected to break ground,” according to the…


Space vets all-go for Cradle of Aviation ‘Countdown’

By GREGORY ZELLER // A star-studded crew of cosmic heroes was on board Thursday, when the Cradle of Aviation Museum started the clock on its 18-month-plus “Countdown to Apollo at 50.” The long-term celebration, featuring new exhibits and educational initiatives at the Garden City museum, leads up to the 50th anniversary of the Apollo 11 mission – man’s first recorded moon landing, on July 20, 1969. Long Island, of course, played a vital role in…


Stuff we’re thinking about going to

  Nov. 29 2017 HITLAB World Cup 2 p.m., Lerner Hall, Columbia University, NYC Focused on “Voice-Activated Technology in Diabetes,” the 11th-annual World Cup hosted by healthcare-technology innovation supporter HITLAB and Novo Nordisk invites international teams to present original solutions to pressing global healthcare challenges, with $75,000 in research-funding, business-building prize money at stake. Five finalists will also be invited to present their solutions to audiences at the 2017 HITLAB Innovators Summit, held this same week…


Northwell’s big week only starts with a vascular first

By GREGORY ZELLER // It’s only Tuesday, but Northwell Health has already had a very busy week, featuring two new accreditations – including a first-of-its-kind vascular/endovascular honor – and a national post for a Northwell physician. The New Hyde Park-based health system announced Monday that Harris Nagler, a urologist at Northwell Health’s Lake Success-based Smith Institute for Urology, has been named president of the American Urological Association’s Urology Care Foundation Board. Later Monday, Northwell Health…


NIH grant links LI researcher to top diabetes study

By GREGORY ZELLER // A multiyear federal grant will plug a top Long Island researcher into medical science’s foremost diabetes study. Alan Jacobson, chief research officer at Mineola-based NYU Winthrop Hospital, has secured a $4.23 million stipend from the National Institutes of Health to study the long-term neurocognitive effects of type 1 diabetes. The five-year grant will help Jacobson better understand how the disease – which affects more than 1.25 million Americans, according to the…


Digital-writing pro lends a hand to the caregivers

By GREGORY ZELLER // A new alliance with a national caregiver-support network is among the biggest deals to date for digital-writing specialist FJD & Associates. The 2010 Westbury-based startup, which distributes high-tech document and data-capture solutions for paper and tablets, has announced a partnership with Caregiver Support Services, a Nebraska-based 501(c)3 dedicated to the wellbeing of personal and professional caregivers who look after homebound patients. Financial terms of the distribution deal were not disclosed, but…


Orbit rises above ‘issues,’ but Lifetime suffers 3Q loss

  ORBIT INTERNATIONAL CORP. Headquarters: Hauppauge Industry: Capital goods OTC: ORBT Reporting Date: Nov. 9, 2017 Reporting Quarter: 3Q FY2017 Quarter Ended: Sept. 30, 2017 Numbers: Net sales were reported as $5.00 million, down 8.8 percent from the $5.48 million reported for 3Q FY2016. But year-over-year reported net income rose – from $455,000 (11 cents per diluted share) to $699,000 (19 cents per diluted share) – and earnings before EBITDA held virtually steady ($507,000 and…


Melville architects H2M build onto New Jersey team

By GREGORY ZELLER // Melville-based consulting and design firm H2M architects + engineers has drawn up a key addition in the Garden State. On Friday, H2M announced the acquisition of New Jersey-based civil engineering/land surveying expert Schommer Engineering Inc. SEI’s planning and design team will move into H2M’s office in Parsippany, NJ, and will focus on the real estate, municipal water and industrial markets, the Melville mothership said in a statement. Terms of the deal…


A co-working facility for mom and pop, literally

By GREGORY ZELLER // From Albany’s corridors of power to the local co-working facility’s unassuming cubicle, there’s plenty of support for the little guy. Entrepreneurs can leverage the overhead-cutting benefits of a shared-office environment, the tax-cutting delights of a Startup NY-type incentives program and a dozen other concerted efforts designed specifically to boost their startups. But these socioeconomic engines largely stall when it comes to one fairly common truth about risk-taking business-starters: They’re often thirtysomething…


At Stony Brook’s CEWIT, never too old to incubate

By GREGORY ZELLER // A Stony Brook University business-development program known primarily as a haven for startups has opened its doors to a 24-year-old tech innovator. Islandia-based “medical informatics” firm ZyDoc Corp. has been accepted into SBU’s Incubator Program and will move a research-and-development team this month into the university’s Center of Excellence in Wireless and Information Technology. Although CEWIT’s own mission statement lists “new enterprise development” as a core function, ZyDoc – launched in…


TCJA: Too soon to panic (but not to start planning)

By TIMOTHY McHALE and ED McWILLIAMS // Finally, after months of fanfare and blueprints (and endless requests from our managing partner, Ken Cerini, to put out content on what a potential Republican tax plan would mean for our clients), the House Ways and Means Committee has released the Tax Cuts and Jobs Act. While previously released frameworks offered few details, the TCJA comes in at a robust 429 pages – worthy of a seismic shift…


After curing what ailed it, ‘TopDoc’ startup soars

By GREGORY ZELLER // And you thought medical school took forever. It’s been 10 long years since husband-and-wife entrepreneurs Anthony Casimano and Siobhan O’Grady launched their online appointment-setting service for local doctors and dentists. But it was just three years ago that the floundering startup found its path, thanks to some skilled digital programmers and an evolved business plan. Built around a proprietary, comprehensive and free public database featuring 1 million-plus board-certified providers, FindaTopDoc.com is…


CPI Aero catches Lightning, again, with new F-35 deal

By GREGORY ZELLER // The world’s most advanced warplane will get a lift from a longtime Long Island defense contractor. Edgewood-based CPI Aerostructures Inc. has been awarded a $15.8 million contract by the Lockheed Martin Co. to manufacture assemblies that open and close cockpit canopies on all three variants of the F-35 Lightning II, a fifth-generation jet that combines advanced stealth capabilities with fighter-plane speed and agility. The multi-year deal, announced Monday by CPI Aero,…


Northwell opens post-op Cardiac Rehab Center

By GREGORY ZELLER // Long Island’s only heart-transplant program now has its own recovery center. Leveraging an expanded slate of cardiovascular services at Manhasset’s Sandra Atlas Bass Heart Hospital, including Long Island’s first and only heart-transplant program, the Northwell Health system officially cut the ribbon last week on its pioneering Cardiac Rehabilitation Center in Great Neck. The state-of-the-art facility is the result of a $500,000 investment by the New Hyde Park-based health system, which stocked…