Inside Long Island business
Get the latest news and trends on Long Island companies and the people behind them.
Suffolk IDA to meet on 'personnel matters'
The Suffolk County Industrial Development Agency is expected to hold a special meeting tomorrow at 2 p.m. in the Dennison Office Building in Hauppauge.
The session is being held to discuss “personnel matters.”
Sources tell Newsday the development agency’s board of directors will interview political strategist and fundraiser Anthony Manetta for the executive director’s job. The interview...
Fossil, Garage coming to Smith Haven Mall
Photo credit: John Dunn
The Smith Haven Mall will add a number of merchants next month and bring in Montreal-based Garage to cater to the teenage girl population in the fall.
Fossil, the vintage-inspired accessory and clothing retailer, will open a 1,499-square-foot shop in the center court of the Lake Grove mall next month.
Also opening in June are Sur La Table, the gourmet kitchen and cookware store, taking...
Builder to be honored for 'green' efforts
Photo credit: Handout
Russell C. Albanese, chairman of the Albanese Organization Inc., will be honored next week at an annual gala event for the green building movement.
The Long Island chapter of the United States Green Building Council will recognize Albanese for his and his Garden City firm’s accomplishments in the green building sector on Long Island. Rudy Holesek, USGBC-LI chairman, described Albanese, pictured,...
Poll: Where will Facebook's stock price be in a year?
Photo credit: Getty Images
Each week, the business section asks readers to take a poll on a business or financial question and leave comments.
Newsday publishes the results of the poll and some of the reader comments on Sunday. Join the conversation -- take the poll, leave a comment.
This week's question: Facebook just went public at $38 a share. Where do you think the stock price will be in a year? ...
NY Sleepy's investment was $12.9M, DiNapoli says
Photo credit: Newsday/Audrey C. Tiernan
New York State's pension funds have invested $12.9 million in mattress retailer Sleepy's, state Comptroller Thomas DiNapoli announced today.
Speaking inside the company's cavernous warehouse in Hicksville, DiNapoli said he is confident the state will recoup its investment in Sleepy's and more.
The state money, from the Common Retirement Fund, is part of a recapitalization of the 825-store...
Greenport Harbor Brewing seeks aid for $3M project
Photo credit: Randee Daddona, 2001
UPDATE: The IDA board gave preliminary approval Thursday for tax breaks of about $160,000, including a $120,000 reduction in property taxes over 15 years. The project is in Peconic and is in addition to the company's location in a former firehouse in Greenport, said co-founder Rich Vandenburgh.
The Greenport Harbor Brewing Co. hopes to expand by purchasing a three-acre property for a bottling...
9 out of 10 employers say it's hard to fill key jobs
Photo credit: Getty Images
Despite high unemployment, nearly nine out of 10 U.S. employers find it difficult to fill key positions, according to a new survey from Right Management, a Philadelphia-based career-management firm.
The survey found that 88 percent of companies found it “often difficult” or “occasionally difficult” to fill certain jobs, up from 84 percent a year ago.
The company, which is a division...
Brookhaven teams to present ideas to investors
Photo credit: iStock
A handful of scientists-turned-entrepreneurs from Long Island will get a chance next month to present their big ideas to investors who fund high-tech startups. The Long Island Capital Alliance Thursday named six research teams and fledgling companies that will present June 8 at the Technology Transfer Capital Forum. The event, to be held at 68 South Service Road in Melville, connects venture capitalists...
Loss narrows to $1.5M at Applied DNA
Photo credit: Newsday, 2011 / Thomas A. Ferrara
The Stony Brook technology firm Applied DNA Sciences Inc. reported a large jump in sales this week, but still failed to turn a profit during the first three months of 2012. Revenue more than tripled at the company, to $518,000, compared to the first three months of 2011. That growth failed to cover expenses, leading to a $1.5 million loss. That’s down 40 percent from the loss Applied DNA reported...
New Hyde Park firm named top exporter in NY region
A Long Island export company has landed top honors as the state’s exporter of the year.
North Shore International Inc., of New Hyde Park, has been named the New York Regional and State Exporter of the Year by the U.S. Small Business Administration. The federal agency will honor Edward Kezys, the company president, Wednesday at its headquarters.
North Shore International specializes in...
