Tony Catapano

Suffolk IDA signs off on Spectronics Corp. move

By GREGORY ZELLER // One of President Trump’s most vocal corporate-sector critics will keep his international manufacturing business on Long Island, with help from the Suffolk County Industrial Development Agency. The IDA has issued preliminary approval of an economic-incentives package that will help Spectronics Corp. relocate to Melville from Westbury, where the manufacturer of ultraviolent and fluorescent-lighting equipment no longer fits comfortably on Brush Hollow Road. Spectronics’ longtime 94,745-square-foot Westbury home is actually too big,…


Pharma upgrade, Hempstead two-step, LI marches on

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…


Pharma manufacturers, IDA eye Hauppauge redux

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…


Busy Suffolk IDA eyes jobs in new incentives packages

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…


No. 475: Love is in the air – along with Ferris wheels, podcasts and ‘mega sports’

  We heart you: You’ve done it again, dear reader – another workweek conquered, another Friday reached, and for that, you have our undying affection. It’s Feb. 14 out there, which in addition to Valentine’s Day brings several annual celebrations: National Cream-Filled Chocolates Day (makes sense), National Condom Day (ditto) and Frederick Douglass Day (which you might not have thought of, but the famed abolitionist’s actual birthdate is unknown and he chose Feb. 14, so…


Incentives keep global distributor grounded on LI

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…


IDA eyes better (maybe not bigger) StartUp Connect

By GREGORY ZELLER // One of the hottest nights of the year at The Paramount is coming Oct. 3, with nobody whatsoever set to take the stage. But don’t let the lack of smoke machines, classic heavy metal bands or Jim Breuer fool you. It’ll be standing-room-only in the Founder’s Room when the Suffolk County Industrial Development Agency stages its annual StartUp Connect event, an always-engaging moshpit of innovators and investors rocking with potential. Now…


Suffolk IDA steps up as Spellman expands global HQ

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….


Handy IDA package helps maintenance manager move

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…


Suffolk IDA delivers tax breaks for Deliver My Meds

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…


Long Island pet-chow firm will stay, thanks to IDA

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…


No. 342: Bill Murray ages, IDAs erupt, China conquers the world and cider rules (and cider donuts, mmmm…)

The end is nigh: And so’s the beginning, as another workweek sets and a well-earned weekend dawns. Congratulations, friends, you made it. It’s Friday, Sept. 21, and a busy one at that – the International Day of Peace (established in 1981 by a unanimous U.N. resolution), Independence Day in Armenia, Belize and Malta and the last full day of Summer 2018, with the sun crossing the Earth’s equator into the Southern Hemisphere at 9:54 p.m….


Hamptons Business District lands key tax deal

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…


Suffolk IDA backs Northport inn, without reservations

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…


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…