Hot Topics

Suffolk County IDA

Economic Development May 22, 2018

IDA brings Commack senior rentals closer to home

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…

Newsletters May 18, 2018

No. 307: Big Brother beached, commencements classed-up and a big first for Hofstra/Northwell nurses

Nicely done: Kudos, dear reader, on once again rising above the mayhem and reaching the end of another busy work week. It’s May 18 out there – International Museum Day, for those keeping score. War, and remembrance: The then-Kingdom of Great Britain declared war on France on this date in 1756, kicking off the Seven Years War; on the same date in 1803, the United Kingdom declared war on France again, this time ticked off…

Awards and Events May 1, 2018

High tech, high ambitions highlight next LICA Forum

By GREGORY ZELLER // The Long Island Capital Alliance has set a healthy lineup for its next Capital Forum. The alliance’s next quarterly entrepreneurs-meet-investors networking event, a Healthcare Capital Forum scheduled for June 8 in Melville, will feature five early-stage “health growth” companies fighting their way up in a competitive health-tech arena, plus opening remarks by an executive leader at this region’s pinnacle healthcare enterprise. The keynote is slated to be delivered by Eric Feinstein,…

Newsletters April 27, 2018

No. 301: On Morse code, award winners, second chances and a $24 million rock for the Montauk Lighthouse

Welcome back to the show: It’s been a dog’s age, dear readers, but here we are again, back where we belong, in your inbox and on top of the Long Island innovation economy. It’s Friday, April 27: And we’re still coming down from Tuesday’s high, our 2018 Innovator of the Year Awards show – a smash hit, if we don’t say so ourselves. Please remember, it’s never too early to start thinking about our 2019…

Newsletters March 30, 2018

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…

Uncategorized February 12, 2018

LICA techs up for 2018’s first Capital Forum

By GREGORY ZELLER // From the If It Ain’t Broke File comes the Long Island Capital Alliance, which is turning to a tried-and-true topic for its first 2018 Capital Forum. Known to champion software makers, digital engineers, next-gen tinkerers and other startups with high-tech ambitions, LICA has chosen to present a Technology Capital Forum as its first inventor-meets-investor breakfast networker of the New Year, a March 9 affair featuring numerous early-stage entrepreneurs and their breakthrough…

Newsletters January 24, 2018

No. 275: On pipelines, solar farms, industrial parks and local innovators spreading around the world – without leaving LI

And you were there: Welcome, dear reader, to a fairly quirky Wednesday, chronologically speaking. Turns out Jan. 24 is less likely to fall on a Monday or Wednesday (56 times every 400 years) than a Friday or Saturday (57 times) or a Tuesday, Thursday or Sunday (58). It was a Thursday, way back in 41 AD, when Roman Emperor Caligula was offed by his own Praetorian Guard; a Tuesday, in 1989, when notorious serial killer…

Economic Development January 22, 2018

Analyzing the ‘power’ of Hauppauge Industrial Park

By GREGORY ZELLER // Regional rainmakers are hitting the gas in a multifaceted effort to rev up one of Long Island’s top economic engines. The Hauppauge Industrial Association of Long Island and the Suffolk County Industrial Development Agency on Friday announced a new partnership focused on Hauppauge Industrial Park, the 1,400-acre industrial cornerstone currently generating more than $870 million in annual income and property taxes. Some analysts think it can do even better – and…

Economic Development December 14, 2017

IDA’s numbers look right to Broadridge Investor Coms

By GREGORY ZELLER // An investor-communications specialist will upgrade and expand in Suffolk County, with a little help from the county’s Industrial Development Agency. The IDA on Thursday gave preliminary approval to a transaction that would help Broadridge Investor Communication Solutions, a subsidiary of Lake Success-based Broadridge Financial Solutions, renovate two existing Suffolk County offices and make equipment upgrades at three of the subsidiary’s properties. Among the projects on Broadridge Investor Communication Solutions to-do list:…

Newsletters November 17, 2017

No. 259: Ken White gets Debriefed, celebrating the Moon walk’s 50th and Ronkonkoma Hub gets good news

Happy Friday, folks: And congrats on your successful completion of another work week (except you weekend-hustling self-made types, bless your entrepreneurial souls. For you, congrats for your hustle). Those of you lucky enough to put your feet up should drop us a note at editor@innovateli.com – story tips, events, corrections and stimulating socioeconomic conversation always welcome. What a day for debuts: In no particular order, Gordon Lightfoot, Danny DeVito, Rock Hudson, Martin Scorsese, Tom Seaver,…

Economic Development November 16, 2017

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…

The Debrief September 11, 2017

Debrief: Developing, economically, with Regina Zara

Nice numbers from “Report on Effectiveness of Suffolk County IDA,” a 40-page Industrial Development Agency report card prepared by Suffolk’s Department of Economic Development and Planning: Between 2012 and 2016, the IDA granted $89.8 million in sales-tax exemptions on equipment purchases, plus similar breaks on mortgage and property taxes, to 86 projects, which have collectively generated $775 million in regional economic activity ($212 million spent on goods and services from 2,500 Long Island companies in…

Economic Development August 30, 2017

Tomorrow’s health tech to shine at LICA Capital Forum

By GREGORY ZELLER // Another intriguing combination of presenters and panelists marks the next Capital Forum on the Long Island Capital Alliance’s schedule, this one focused on the lifeblood of the Island’s innovation economy. Following a June networker centered around cybersecurity startups and a March pitch-a-thon spotlighting early-stage technology firms, the latest Capital Forum returns to healthcare, a Long Island socioeconomic cornerstone that has naturally become a go-to theme for LICA and its (roughly) quarterly…

Economic Development August 24, 2017

Suffolk IDA engineers deal for new national HQ

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…

Economic Development August 1, 2017

Light the lights: Broadway National eyes new stage

By GREGORY ZELLER // Broadway National is changing venues. The three-decade-old property-management firm with the big-name clientele is taking its big-stage flair from Ronkonkoma to Hauppauge, thanks to a new incentives package preliminarily approved this week by the Suffolk County Industrial Development Agency. Launched in 1989 in the garage of founder William Paparella as sign manufacturer Broadway Neon Corp., Broadway National Group LLC is a bona fide hit. The company now offers a diverse set…