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Labor Statistics

BEAC Review Report

Long Island Region, April 2007

Firm Expansions and Contractions

Business Expansions

Company County # Jobs Article Date Comments
Broadridge Financial Solutions Inc. Nassau 300(Est.) 04-04-2007 Broadridge Financial Solutions Inc., the new ADP brokerage services spinoff, plans to lease space for a Lake Success (Nassau) headquarters and move in by year end; the company is also renovating its much larger building in Edgewood (Suffolk). Because Broadridge will keep more than 1,200 local jobs, it qualifies to receive $1.5 million from the state’s JOBS Now program. The company also expects to create 300 new jobs in the next five years. Because it is a “regionally significant” project, Broadridge can apply for $25 million in Empire Zone tax credits, which will be phased in over five years. (Long Island Business News – April 4, 2007)
Hempstead Village Downtown Revitalization Nassau 04-12-2007 UPDATE: Details have emerged regarding the proposed $2 billion redevelopment plan for the Village of Hempstead (Nassau County). UrbanAmerica LP, which is managing the ambitious project, hopes to renew 26 blighted acres in the village with thousands of residences, shops and possibly a performing arts center. The boost to municipal coffers could reach $40 million in annual tax revenue. The plan is not without opponents, however. Education advocates contend that the proposed 2,500 market-rate condominiums will strain already over-burdened local schools. (Long Island Business News – April 12, 2007) Hempstead (Nassau) Village hopes redevelopment at the former Greyhound bus terminal will help revitalize its downtown. It is unclear who will develop the site or what it will eventually contain. The 100 Black Men of Long Island Development Group bought the building from Nassau County in 2001 and has since proposed a $28 million plan to install commercial tenants and social service agencies on the first two floors and to sell the rights to build 80 condominiums on two floors above. The village would also build a performing arts center, a multistory garage and an expanded library. Ten to fifteen percent of the condos would sell for below-market rates. (New York Times – July 9, 2006)
Northport Village Revitalization Suffolk 04-23-2007 The $2.5 million renovation of the historic Northport Theater, due to open in June of this year, has spurred something of an economic revival in downtown Northport (Suffolk). In response to construction at the theater, slated to become Long Island’s first year-round Actors Equity Theater, the village has created a Business Development Committee in hopes of attracting more restaurants and bars to the village's downtown to take advantage of theater-goers hungers and thirsts. (Newsday – April 23, 2007)
Outsourcing Solutions, Inc. (OSI) Suffolk 20(Est.) 04-16-2007 Adjustment & collection services business Outsourcing Solutions, Inc. (OSI) of Westbury (Nassau) is outsourcing a portion of their production operations and relocating remaining operations to a new location in Melville (Suffolk). (WARN, 4/16/07)
Telephonics Corporation Suffolk 04-24-2007 Farmingdale (Suffolk)-based defense electronics company Telephonics Corp., said it has received a $32 million contract from Boeing Co. to produce communications systems for the Air Force’s C-17 III transport planes. The contract is for new production C-17’s as well as upgrades to the new communications systems on existing transport planes. (Newsday – April 24, 2007)
Uncle Wally's Suffolk 100(Est.) 04-09-2007 Shirley (Suffolk) – based muffin baker Uncle Wally’s plans to expand its bakery from 44,000 to 60,000 square feet and introduce a new product: muffin dough in a tube, called Uncle Wally’s Oven Luv’n Muffins. Uncle Wally plans to hire between 20 and 30 workers this year and add a total of 100 in the next two-three years. (Newsday – April 9, 2007)
“Trump on the Ocean” Catering Hall and Restaurant Nassau 04-22-2007 UPDATE: Workers are set to break ground this spring on “Trump on the Ocean”, Donald Trump's monumental catering hall and restaurant projected to be completed late next year. Trump and his business partner, caterer Steven Carl, have negotiated one of the most generous concession contracts in existence with the state Parks Department; it includes a 40 year-lease, extremely low lease payments, and borrowing powers not granted to any other parks concessionaires. Trump and Carl expect $1.5 billion in business over the 40-year term of the lease. The parks department expects to receive about $74 million over this same period. (Newsday – April 22, 2007) Real estate mogul Donald Trump and Long Island restaurateur Steven M. Carl will join forces to launch an upscale dining and banquet facility at Jones Beach State Park (Nassau) dubbed “Trump on the Ocean”. The state will own the facility and take in about $200,000 a year, plus inflation, as a flat lease fee. New York will receive between 2 and 5 percent of the gross revenues from the catering hall and restaurant, once it passes the three year mark. Mr. Trump promises to invest $40 million of private money in the project. As a state-owned project on state land, the restaurant will be exempt from school and county real estate taxes, although the county and state would still collect sales taxes from the facility. (Newsday – September 15, 2006)
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Business Contractions

Company County # Jobs Article Date Comments
Citigroup, Inc. Suffolk 100(Est.) 04-12-2007 UPDATE: As many as 200 of the approximately 2,400 mostly “back office” employees of Citigroup on Long Island may lose their jobs in connection with the bank’s move to cut 17,000 jobs from its global workforce of about 327,000 in order to reduce costs. Citigroup maintains two large offices on the island, one in Uniondale (Nassau County) and the other in Melville (Suffolk County). (Newsday, April 12, 2007) Banking giant Citigroup Inc. plans to cut 15,000 jobs worldwide in the coming months. It is not clear what impact this might have on Long Island. According to published reports, Citigroup employs 2,406 people in branches and other operations on Long Island. (Newsday – March 27, 2007)
Outsourcing Solutions, Inc. (OSI) Nassau 43 04-16-2007 Adjustment & collection services business Outsourcing Solutions, Inc. (OSI) of Westbury (Nassau) is outsourcing a portion of their production operations and relocating remaining operations to a new location in Melville (Suffolk). (WARN, 4/16/07)
Stop & Shop Nassau 04-12-2007 Stop & Shop supermarket is converting some 150 of its 385 full-service seafood departments to self-service as a way of managing costs in response to rising seafood prices. United Food and Commercial Workers Local 342 says the shift is a violation of its contract, because it eliminates a job classification and may cause some of its members to be laid off or to drop from full-time to part-time positions. The union says that only 14 full-time positions will remain for the 46 seafood managers who work in stores on Long Island, Bronx, Queens and Staten Island. (Newsday – April 12, 2007)
3 rows retrieved.

Run Date: 05-21-2007

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