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Labor Statistics

Long Island Region, May 2006

Firm Expansions and Contractions

Business Expansions

Company County # Jobs Article Date Comments
Bethpage Federal Credit Union Nassau 05-12-2006 Bethpage Federal Credit Union in Bethpage (Nassau) plans to open branches in King Kullen grocery stores in Commack (Suffolk) and Levittown (Nassau). (Long Island Business News – May 12, 2006)
Clean Energy Industry Suffolk 05-23-2006 Congressman Steve Israel met with 70 representatives from local government, business and academia in Farmingdale (Suffolk) to unveil a plan to make Long Island the “clean-energy capital of America”. Israel’s proposal involves two overlapping projects: encouraging environmental construction, organizing a technology exposition, improving alternative fuel infrastructure and creating “carbon-neutral colleges” by reducing or eliminating carbon emissions on campuses on the one hand. On the other hand the Congressman wants to enact expansive federal legislation to fund renewable-energy research and education and to offer tax incentives for consumers and municipalities interested in consuming less carbon-based fuels. (Newsday – May 23, 2006)
Computer Associates Suffolk 05-23-2006 Islandia (Suffolk) – based CA Inc. is selling its headquarters to CRIC Capital, a Boston-based investment group. As part of the arrangement, CA will lease back the space, giving one of Long Island’s biggest public companies funds to help it expand, while giving it stability of not having to uproot its 2,000 Islandia employees. The price of the deal is unknown. (Long Island Business News – May 23, 2006)
Lifetime Brands Nassau 05-18-2006 Westbury (Nassau)- based housewares wholesaler Lifetime Brands Inc. has signed a 15-year lease on 115,000 square feet of the 186,500 square foot Business and Research Center (the former Bristol-Myers Squibb Pharma complex) in Garden City (Nassau). Hempstead’s Industrial Development Agency granted tax abatements to assist the lease deal, one of the biggest ever on Long Island. The move will double Lifetime's office space; no mention of whether the company plans to expand its workforce of 190. (Newsday – May 18, 2006)
Tanger "Arches at Deer Park" Suffolk 1800(Est.) 05-01-2006 (UPDATE) The Town of Babylon (Suffolk) zoning board on April 27 approved the building of The Arches at Deer Park, a 180-store, upscale version of Tanger's Riverhead outlet complex. Developers predict the complex, slated to open in time for 2007 holiday season, will create almost 2,000 construction jobs and about as many jobs in retail (both full- and part-time), but opponents believe the new center will only add to congestion and "overstoring". (Long Island Business News – May 1, 2006)
Yaphank Community Development Suffolk 05-02-2006 In response to a request from Suffolk County Executive Steve Levy 11 area developers have submitted proposals for "transforming 250 acres of county-owned land in Yaphank into a new community filled with employer-assisted housing and sports and recreational venues". The project will likely entail many construction jobs, and, perhaps more importantly, serve as a model for mixed-use development and employer-assisted housing - whereby employers buy or lease units on behalf of their workers. (Long Island Business News – May 2, 2006)
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Business Contractions,

Company County # Jobs Article Date Comments
Krispy Kreme Suffolk 05-18-2006 (Update) Krispy Kreme Donut closed its remaining two Long Island stores, in Melville and Riverhead (both Suffolk) last month. The company had already closed its East Meadow and Hicksville (both Nassau) stores in February 2006 and July 2005, respectively. Krispy Kreme adicts can still travel to Manhattan, where three Krispy Kreme stores remain open, for a fix. (Newsday – May 18, 2006)
North Fork Bancorp Suffolk 05-10-2006 (Update) Following the company's March 2006 acquisition by Capital One, North Fork Bancorp said it will retain more jobs on Long Island than previously expected to "service its growth plans". Under Capital One the company expects to open many new branches, particularly in New Jersey and the outer boroughs of New York City. The about 1,500 back-office staff in the company's Melville and Mattituck (both Suffolk) offices are most likely to face layoffs, but the company did not specificy how many are to be fired. (Newsday – May 10, 2006)
Northrop Grumman Nassau 100(Est.) 05-25-2006 Northrop Grumman Corp. in Bethpage (Nassau) has told employees that it is short of new work at the moment and may have to reduce its workforce in the next few months. Grumman has 2,300 employees at the Bethpage facility. A spokesman declined to say exactly how many might lose their jobs, but Newsday cites one source who says that as many as 100 engineers may be let go. (Newsday – May 25, 2006)
3 rows retrieved.

Run Date: 06-29-2006

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