Richard Kessel

Innovation in the Age of Coronavirus

The COVID-19 pandemic and its evolving aftermath are reshaping the world around us, and myriad Long Island forces – large and small, corporate and nonprofit, industrial and academic – have risen to the challenge. Innovate Long Island presents Innovation in the Age of Coronavirus as a real-time journal of this region’s resourceful response to the greatest global challenge since World War II. Stay healthy, dear readers.     Hempstead CARES, and regional colleges love it…


Coghlan: Opportunity abounds, for the flexible

By HARRY COGHLAN // It is disorientating (to say the least) to think back on our original plans and goals for 2020, and realize how so many of them had to be revised or abandoned. But as Robert Burns (sort of) said, best-laid plans often go awry, and when they do, the organizations that prevail are the ones able and willing to adapt, react and produce. In short, flexible organizations stand the best chance. While…


No. 517: The universe ages, Adelphi goes for the Goldman and the AC is invented (thank goodness)

  You made it! And we’re so glad you did, dear readers, as we reach the end of this summertime workweek and get ready for another well-earned weekend. It’s July 17 out there, a date that reverberates across the human spectrum – both the World Day for International Justice, supporting the critical work of the International Criminal Court, and World Emoji Day, celebrating tiny digital cartoon things. Just peachy: It’s also National Peach Ice Cream…


As 1-800-Flowers leaves, IDA fertilizes wilted site

By GREGORY ZELLER // With iconic 1-800-Flowers.com transplanting to Jericho Plaza, its current/soon-to-be former Carle Place home is being reseeded by the Nassau County Industrial Development Agency. The IDA on Thursday announced preliminary approval of an application for economic-development benefits by DBD Realty Group, the Garden City-based LLC that purchased One Old Country Road – 1-800-Flowers.com’s home for the past 15 years – for $26.5 million in February. With the international e-retailer announcing its relocation…


Incentives abound as Nassau IDA, LEAC plug away

By GREGORY ZELLER // It’s full steam ahead in Nassau County’s economic-development wing, where the coronavirus can’t slow the works. The Nassau County Local Economic Assistance Corp. and the Nassau County Industrial Development Agency have pressed forward with a number of jobs-creating, economy-sustaining bond sales and incentives packages, helping top international franchisers, regional schools and others keep on keeping on during and after the great pandemic of 2020. Right at the top: The IDA’s preliminary…


Nassau IDA backs rentals, ex-Fortunoff facility facelift

By GREGORY ZELLER // A transit-oriented housing development and a bigger, better home for a large mortgage banker have earned the support of the Nassau County Industrial Development Agency. Trumpeting new affordable housing opportunities, new jobs and other economic benefits, the IDA has announced preliminary approval of a tax-abatement deal that will keep a Westbury mortgage firm in Nassau County – and help it nearly double its payroll – and final approval of a benefits…


From the Nassau IDA, gifts that (might) keep on giving

By GREGORY ZELLER // Christmas has come early in Nassau, where the county’s Industrial Development Agency has slipped two business-building economic-incentives packages under the tree. The IDA on Wednesday announced preliminary approval for a tax-abatement deal benefiting JP Optionee, a limited liability corporation created to help New Jersey-based Onyx Equities and Manhattan-based DRA Advisors build a 147,524-square-foot hotel and conference center at Jericho Plaza. The development agency also announced an incentives package for Paint Applicator…


Nassau IDA backs new rentals on Sandy-ravaged site

By GREGORY ZELLER // An Oceanside site ravaged by Superstorm Sandy will soon be remade into a new rental-apartment complex, with the help of the Nassau County Industrial Development Agency. The Nassau IDA has approved a tax-reducing economic-incentives package that will help The Feil Organization, a New York City-based development-management firm, rebuild the dilapidated site into a 230-unit, transit-oriented rental complex. The development agency first approved the tax-abatement deal in September and issued its final…


No. 294: Hofstra innovators rise, MunchMoney packs a lunch and SUNation’s shifting solar perspective

You’ve done it again: Welcome to Friday, dear reader, and the end of another week of socioeconomic innovation. That’s a lot of Peeps: It’s a holiday weekend, of course, the holiest of Christian holy days and another surefire bonanza for retailers. According to our buddies at Statistic Brain, Americans spend more than $14.6 billion on Easter-related goods each year, including $2.1 billion on Easter candy alone. By the way, although it’s smack-dab in the middle…