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  • Business Expansions and Contractions, Long Island Region

    Business Expansions and Openings

    New Items

    (Update) The Long Island Tech Mall in Hauppauge (Suffolk County), owned by the Fuoco Group and home to such tech companies as Secure Path Networks, RingLead and, will receive $61,000 in property tax reductions and sales tax exemptions on equipment purchases compliments of the Suffolk County Industrial Development Agency (IDA) as part of the Boost program, designed to help tech companies thrive in Suffolk County. (LI Business News - October 29, 2012)

    Verizon Wireless is seeking to fill 20 new positions in its retail customer support and retail sales support teams on the Island as well as 135 positions in the New York metropolitan area for the expansion of its 4G LTE coverage. (Newsday - October 26, 2012)

    (Update) As part of a package designed to keep Broadridge Financial Solutions, a provider of investor communications and technology to banks, broker-dealers, mutual funds and corporations, on Long Island, the Long Island Power Authority (LIPA) approved a 10.4 percent reduction in the firm's electric rates for seven years.  Broadridge employs 1,890 people in four buildings in Edgewood (Suffolk County) and in its headquarters in Lake Success (Nassau County).  In addition to electric discounts, the company will get sales tax benefits from Suffolk County for five years totaling $2.59 million and a 15 percent discount for 10 years from National Grid for expansion projects increasing gas usage by at least 15 percent. (LI Business News - October 26, 2012)

    San Francisco-based First Republic Bank has opened its first Long Island office on Franklin Ave. in Garden City (Nassau County).  A commercial bank that opened in 1985 specializing in private banking, business banking and wealth management, First Republic in 2011 was named the "Best Private Bank in North America" and "The Best Private Client Service" in an evaluation of private banking and wealth management companies by Private Asset Management, a magazine. (LI Business News - October 26, 2012)

    With the help of tax breaks from both Nassau and Suffolk Counties Long Island Industrial Real Estate Group of Syosset (Nassau County) proposes to spend $35 million to refurbish 32 old factories and warehouses on Long Island.  The company plans to revamp the buildings with new facades, roofs, heating and cooling systems, parking and interior improvements.  It hopes to attract tenants that would employ a total of 1,000 people on top of those already there.  The Suffolk IDA board offered a three-year freeze of the group's property taxes for a savings of $450,000 and a sales-tax exemption of $800,000.  Future increases in property taxes would be capped at 2 percent.  Suffolk IDA board members stressed that only local construction workers should work on the project.  The real estate group said it would consider a project labor agreement to guarantee wage rates. (Newsday - October 26, 2012)

    Accelerate Long Island and the Long Island Emerging Technologies Fund (LIETF), two seed funds financed with public and private money, will soon begin to disburse a combined $1.25 million in "pre-angel" stage investments. The funds, $500,000 from Accelerate Long Island and $750,000 from the LIETF, will help cultivate fledgling tech companies.  If successful, the early-stage funding program would allow new tech companies to grow and further the goal of turning Long Island into a tech hub. The actual funding, however, will go only a short way to helping tech startups to get on their feet.  The two organizations are expected to choose companies for the first round of funding within the next few weeks and will disburse the cash by year's end. (LI Business News - October 25, 2012)

    Farmingdale (Suffolk County) - based defense contractor Telephonics Corp. received a $60 million, multiyear contract from the US Air Force to supply friend-or-foe identification and surveillance systems for AWACs reconnaissance aircraft. (Newsday - October 25, 2012)

    Long Island Power Authority (LIPA) approved a 15-year contract valued at more than $241 million a year to continue to purchase electricity - 3,700 megawatts - from National Grid plants across Long Island.  The contract gives LIPA the option to significantly upgrade the plants, a step recommended in a report recently released by New York State. These so-called "re-powerings" could cost LIPA as much as $2 billion, depending on how many plants it chooses to upgrade.  LIPA also plans to purchase a new gas-fired energy plant of between 350 and 700 megawatts in either Yaphank or Shoreham (both Suffolk County) and to increase solar, wind and other green energy sources by up to 400 megawatts by 2018. (Newsday - October 25, 2012)

    Calif.-based UFC Gym, which offers workouts centered on mixed martial arts, is opening its first branch on Long Island on Jericho Turnpike in New Hyde Park (Nassau County).  The new UFC Gym will also feature locker rooms, an Arm Bar Café and a retail shop. The club offers a private kids training area for fitness classes, fitness gaming and mixed martial arts for youngsters. (LI Business News - October 24, 2012)

    Vitamin manufacturer NBTY Inc. opened a new facility that manufactures nutrition bars in a former warehouse in Amityville (Suffolk County).  NBTY received $750,000 in state funding in 2011 to fund the expansion.  The company says the factory will employ 150 workers. (Newsday - October 24, 2012)

    Nassau Community College opened a new, $40 million Life Sciences Building on October 23.  The "green" building, which received a gold-level LEED certification, was funded with state and county money and will house the college's nursing and chemistry programs. (Newsday - October 23, 2012)

    N.J.-based KABR Real Estate Investment Partners and Capstone Realty Group have bought two office buildings at 330 and 350 Motor Parkway in Hauppauge (Suffolk County).  Each four-story tower is 72,000 square feet and 85 percent leased. The buildings' new owners are "committed to restoring the Towers to their prominent position within the marketplace through capital improvements." (LI Business News - October 23, 2012)

    Discount retailer Target has entered into a long-term lease agreement to develop a big-box store on the nearly 12-acre site of the former Attias Flea Market and Jewelry Center in Sayville (Suffolk County).  The flea market has occupied the site for 30 years. (LI Business News -October 22, 2012)

    Men's clothing retailer JoS. A. Bank has opened its 10th Long Island store in Stony Brook (Suffolk County).  The company is seeking more locations on Long Island as part of its ongoing expansion. (LI Business News - October 19, 2012)

    Hauppauge-(Suffolk County) based A&Z Pharmaceutical will receive about $243,000 in tax incentives and exemptions from the Suffolk County Industrial Development Agency to assist in the company's $3.3 million expansion.  A&Z plans a renovation of space it has leased in the Hauppauge Industrial Park to manufacture products for export in bulk to China and to European markets.  The company expects to add 25 new jobs and grow its annual payroll by more than $1.6 million during the next two years. (LI Business News - October 18, 2012)

    Holtsville (Suffolk County)-based Eldor Contracting has signed a $16.8 million contract for an electrical works project with the State University Construction Fund at Stony Brook University and Stony Brook University Hospital (Suffolk County).  Eldor, the general contractor and electrical contractor on the project, will install new electrical duct banks and conduits for future transmission feeders throughout university campus. (LI Business News -October 15, 2012

    (Update) Pharmaceutical manufacturer LNK International has closed on a $12 million, 110,000-square-foot building and 4.8 acres in Hauppauge (Suffolk County) as part of the company's expansion plans.  LNK, which employs about 1,580 on Long Island, will receive $2.4 million in tax savings from the Suffolk County Industrial Development Agency (IDA) towards its expansion. (LI Business News - October 15, 2012)

    Stony Brook University's Agriculture Consumer Science Center at Calverton (Suffolk County) has opened for business.  The 8,300-square-foot center,an addition to the Stony Brook's Calverton Incubator, will be used by agricultural producers and other start-ups to produce new foods for distribution.  Stony Brook received an economic development assistance grant from New York State that helped defray the cost. (LI Business News -October 15, 2012)

    Suffolk County has approved a $1.5 million contribution towards a $21 million rental housing complex for homeless military veterans in the former Armed Forces Reserve building in Amityville (Suffolk County).  The money will subsidize infrastructure costs, including roadways, curbs, sidewalks, sewer piping and lighting, associated with the 60-residence project.  The complex, which also includes a community center for the veterans and park on an adjacent 9 acres, is being funded through county, state and federal sources.  More than 160 construction jobs will be created during construction and at least eight permanent positions when the facility is completed, according to county officials. (LI Business News - October 11, 2012)

    According to LI Business News, Greensboro, N.C.-based gourmet grocery chain Fresh Market, will be the new anchor store at Woodbury Commons.  Once a "mecca for high-end boutique shopping" in Woodbury (Nassau County), the shopping center was hit hard by the recession.  Woodbury-based Kabro Associates, which owns the Commons, hopes the new grocery will help reverse the center's decline. (LI Business News - October 11, 2012)

    Hauppauge (Suffolk County)-based defense contractor Orbit International received two new orders with a combined value of more than $800,000.  The orders, which came through the company's Behlman Electronics subsidiary, are both for military-grade power supplies.  With the new orders, Orbit International's Power Group bookings are running 12 percent ahead of where they were a year ago. (LI Business News - October 9, 2012)

    Previously Reported

    Electronics giant Canon USA has submitted a request for a variance to the Town of Huntington Zoning Board of Appeals to allow the company to erect 11 wind turbines at its soon-to-open Melville (Suffolk) headquarters.  The zoning board will decide on the variance based on whether the turbines are too close to neighboring properties or generate too much noise. (Newsday - October 19, 2012)

    Upscale retailer Nordstrom Inc. is opening its second Nordstrom Rack discount store in Huntington Station (Suffolk) on October 18.  The company also announced plans to open a third Nordstrom Rack in the former Filene's Basement in Manhasset (Nassau) in the fall of 2013. (Newsday - October 18, 2012)

    (Update) Town of Oyster Bay officials and union leaders representing the town's workforce have reportedly reached an agreement that will forestall the up-to-200 layoffs the town had threatened earlier this month.  Neither side would reveal details of the plan, but Robert Rauff, Jr., president of Civil Service Employees Union Local 881 which represents the workers, said they involve "readjusted raises, a contract extension and a no-layoff clause."  The union membership, currently in the third year of a six-year contract, must approve the changes before they could take effect. (Newsday - October 17, 2012)

    Maryland-based sports bar chain The Greene Turtle Sports Bar and Grille has reached an agreement with two Long Island businessmen to open as many as 10 franchise locations in Nassau and Suffolk counties, in what is the company's first foray into New York state.  The first bar will open early next year in Franklin Square (Nassau). (Newsday - October 16, 2012)

    BurgerFi, a Florida-based restaurant chain that sells "upscale burgers and hot dogs," will open its first Long Island restaurant in Woodbury (Nassau).  The company has not yet announced an opening date.  BurgerFi locations average $2 million in annual sales and usually employ 15 to 27 workers. (Newsday - October 16, 2012)

    Farmingdale State College (Suffolk) has broken ground on a three-story, 42,000-square-foot School of Business on its campus.  Islandia (Suffolk)-based Stalco Construction, general contractor for the project, expects to complete construction in late 2014 or early 2015.  The $26.7 million business school building is part of a campus wide $185 million capital campaign currently underway at Farmingdale State. (LI Business News, October 5, 2012)

    A two-year long community planning process in downtown Hicksville (Nassau) spearheaded by Northport (Suffolk)-based Vision Long Island in conjunction with the Chamber of Commerce, local civic groups and the Town of Oyster Bay appears to be bearing fruit, as Montvale, N.J.-based Ivy Equities recently purchased two multi-storey office buildings just next to the Hicksville train station that had been in "special servicing" for two years after the former owner defaulted on his mortgage.  Investments by three public entities - $100 budgeted by the LIRR for a massive upgrade at the Hicksville train station, funds from the state Department of Transportation to improve crosswalks and other "traffic-calming" measures to assist pedestrians near the station, and $3 million from the Oyster Bay itself for area streetscape beautification and maintenance - primed the pump.  Planners see the recent private-sector investment by Ivy as a sign the improvement plan has legs. (Long Island Business News - October 5, 2012)

    The Long Island Power Authority (LIPA) approved a 15-year contract to purchase 3,700 megawatts of electricity from National Grid, the giant, multinational utility which operates all the Long Island power plants that once belonged to KeySpan, at a cost of between $5 and 8 billion.  The new deal will succeed the current contract, which expires May 29, 2013. (Long Island Business News - October 2, 2012)

    Seeking to boost the local economy, Nassau County will begin offering tax breaks to small businesses for new equipment purchases and building renovations.  The Local Enterprise Assistance and Development Service, or LEADS, also will offer small companies help in complying with government regulations. It is being rolled out by the county's Industrial Development Agency (IDA)  Benefits are available to businesses operating in Nassau with 100 or fewer employees. All types of businesses are eligible, including retailers, which until recently were prohibited by state law from receiving IDA help.  Projects valued at $1.1 million or less would be eligible for the tax break, which would be given in exchange for commitments not to lay off workers, and if possible, to hire more. (Newsday - October 11, 2012)

    Bethpage (Suffolk)-based Long Island Forum for Technology (LIFT) received a $454,545 grant from the federal Small Business Administration to continue to develop the Long Island Rail Alliance for a second year. The alliance is designed to help local small businesses compete for federal contracts on rail transportation projects. It currently boast 80 local members and expects to increase that number to 250 in the second year. (Newsday - October 10, 2012)

    Accounting firm Deloitte & Touche in Jericho (Nassau) has hired 26 employees since this May bringing its total local workforce to 185.  The company plans to continue to expand its Long Island office for the next year and a half. (Newsday - October 9, 2012)

    On October 8 German discount supermarket chain ALDI will host a job fair at the Marriott Hotel in Farmingdale (Suffolk).  ALDI needs to fill 20 positions for cashiers, shift managers and manager trainees.  ALDI has two stores on the Island, Bay Shore and Lake Grove (both Suffolk) and plans to open a third store in Lindenhurst (also Suffolk) early next year. (Newsday - October 4, 2012)

    (Update) On October 3rd and 4th The Suffolk County Film Commission will host a two day tour of nine locations on the north and south shores of Long Island for film industry professionals from New York City.  A recent state law provides a 30% tax credit for companies that do their production work in Long Island, NYC and the lower Hudson Valley. (Newsday - October 4, 2012)

    Cellular phone company T-Mobile USA is merging with MetroPCS Communications.  German Deutsche Telekom, T-Mobile's parent will hold 74 percent of the new business. MetroPCS will hold the rest and receive a payment of about $1.5 billion.  The merger of MetroPCS (currently the country's 5th largest cell company, with 9.3 million subscribers) with No. 4 T-Mobile USA (33.2 million subscribers) will still be smaller than No. 3, Sprint Nextel Corp. (LI Business News, October 3, 2012)

    Southampton Hospital (Suffolk) signed an agreement to become part of the Stony Brook Medicine health care system (Suffolk) with the intention of building a $200 million, 250,000-square-foot hospital on Stony Brook University's Southampton campus.  The state's Commission on Healthcare Facilities in the 21st Century in 2006 recommended that Stony Brook and Southampton work more closely together, creating a true East End system, but the move, which would still require extensive fundraising and community support, would come even as Southampton Hospital continues to invest heavily in its current structure.  The deal also faces approvals and questions related to a combination of the two entities, which plan to comply with collective bargaining agreements with public unions at Stony Brook University Hospital and Service Employees International Union 1999 at Southampton Hospital.  Southampton Hospital employees would maintain their status as private-sector employees, and not become members of the public health care union.  The transaction also could affect other East End hospitals, including Peconic Bay Medical Center and Eastern Long Island Hospital, which all have a clinical affiliation with Stony Brook University Medical Center and a mission to serve the East End. (LI Business News, October 1, 2012)

    Business Contractions and Closings

    New Items

    (Update) The Nassau Interim Finance Agency (NIFA), Nassau County's fiscal board, says that the county may end up with a $25 million cash deficit that could grow to $56 million by the end of 2013.  NIFA is required to take control of the county's budget if the deficit is "1% or more". NIFA said, the deficits would rise to over $100 million each year if stricter state approved accounting methods were used in reviewing Nassau's books.  It is unclear what, if any, impact this would have on the county's workforce. (Newsday - October 26, 2012)

    (Update) Layoffs for employees of the Town of Brookhaven are seeming even more likely as both major candidates to fill the seat of outgoing town supervisor Mark Lesko endorsed his view that the town's plummeting revenues and increased personnel cost have made it difficult to avoid layoffs in the coming year.  The budget Lesko proposed for 2013 recommends 150 layoffs to help reduce personnel costs. (Newsday - October 26, 2012)

    (Update) Hauppauge (Suffolk County)-based Innovative Stone, which laid off 47 workers when it closed its residential division earlier this year, is now shutting down its commercial division as well. As a result, about 50 more people will be let go by sometime next month, according to a former company employee. (LI Business News -October 25, 2012)

    The New York Islanders are moving to the Barclays Center in Brooklyn, leaving Nassau County with the challenge of developing the 77-acre Coliseum site in Uniondale and confronting the potential loss of thousands of jobs and millions of dollars in revenue.  The team's owner, Charles Wang, said the Islanders will retain their name and logo, and plan to honor their lease with the county by playing at Nassau Coliseum through the 2014-2015 season.  Last year Nassau County voters rejected a referendum proposal to build a new arena with $400 million in public funds.  At the time county officials said losing the Islanders could mean the loss of 2,660 jobs and $243.4 million in annual revenue.  On a more positive note real estate developer Scott Rechler, who continues to be interested developing the Coliseum site, said he hopes Wang's decision to move to Brooklyn could give the county "a clean sheet of paper" in developing the area in the future. ( 24, 2012)

    Previously Reported

    Some clerical workers and nurses in administrative jobs at Good Samaritan Hospital Medical Center in West Islip (Suffolk) learned on October 22 they may face layoffs as a result of a shift from inpatient to outpatient care.  A hospital spokeswoman said it was still unclear how many workers will lose their jobs, but she said it will be a "very, very small percentage" of the hospital's 4,300 employees, and said "every attempt is being made" to reassign employees within Good Samaritan or to other jobs within Catholic Health System facilities. ( 22, 2012)

    As part of its ongoing fight to balance its budget, Suffolk County is considering privatizing its bus system or trimming some routes to reduce costs.  Suffolk County Executive Steve Bellone has directed his staff to analyze options for Suffolk County Transit, which include renegotiating bus vendor contracts, restructuring routes to focus on high-demand areas and "examining alternative methods of service delivery, like Nassau County." The Suffolk bus company averages about 22,000 riders each day. ( 2, 2012)

    (Update) Thanks to a $13 million budget shortfall and rising health and retirement costs, the projected number of layoffs at the Town of Oyster Bay (Nassau) could increase from 150 employees to as many as 200 in 2013. (Newsday - October 2, 2012)

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