Inside Long Island Business
Get the latest news and trends on Long Island companies and the people behind them.
Report: Pall closing Michigan office
Photo credit: Barry Sloan, 2012
Pall Corp., a Port Washington-based maker of filtration devices and one of the largest public companies headquartered on Long Island, said Monday it would be closing its office in Ann Arbor, Mich., according to news website AnnArbor.com.
A notice filed with the state of Michigan said 55 of 71 employees would be laid off. The Michigan office manufactured lab equipment and did research and development.
The...
Read more »NY state manufacturing activity declines
Manufacturing conditions in New York State for May fell into negative territory for the first time since January, according to the Empire State Manufacturing Survey, a report of state manufacturing activity compiled by the Federal Reserve Bank of New York.
The general business conditions index for May was negative 1.4, down from 3 in April. A reading below zero means that manufacturing activity...
Read more »'The Profit Express' marks 200th radio show with special
Photo credit: Handout
Tim Healy, 42, host of local business radio show "The Profit Express," got into radio after taking a compliment to heart.
The professional sales coach was using the radio studio at Hofstra University's WRHU / 88.7 in 2008 to record CDs for his training business when the manager of the station told him he had a voice fit for the airwaves.
Healy, a Sound Beach resident, took...
Read more »State officials to help Sandy victims apply for aid
Photo credit: Newsday / Thomas A. Ferrara
State officials will be in three local communities this week to assist homeowners and business people harmed by superstorm Sandy. The Cuomo administration recently won approval for its plan to use federal Community Block Grants to aid Sandy victims. Those seeking assistance must apply to the state.
Representatives of the Department of Financial Services will be in a Mobile Command Center at...
Read more »WE'RE Associates seeks $30M tax break to revamp Canon HQ
Photo credit: Newsday, 2011 / Audrey C. Tiernan
A $30-million plan to revamp the former Canon U.S.A. headquarters in Lake Success is seeking tax breaks from Nassau County, records show.
The county’s industrial development agency is expected Wednesday morning to consider an application for property tax relief from WE’RE Associates Co. for 1-3 Dakota Dr. and 4 Ohio Dr., together called Lake Success Quadrangle.
The property served...
Read more »Getty Realty acquires 36 properties
Photo credit: Newsday, 2008 / Alejandra Villa
Getty Realty Corp., a Jericho-based real estate investment trust focusing on gas stations and convenience stores, said Monday it had acquired a portfolio of 36 properties from Springfield, Va.-based Capitol Petroleum group in a $72.5 million deal.
The transaction includes 16 Mobil gas stations in the metropolitan New York area, and 13 Exxon and seven Shell properties within the Washington,...
Read more »LIA partners with Silicon Valley business group
Photo credit: Handout
Long Island's largest business organization has joined forces with a Silicon Valley group to push for certain immigration reforms as debate over the issue heats up in Congress.
The Long Island Association and the Silicon Valley Leadership Group sent a jointly penned letter to New York and California senators outlining their support of expanding the number of highly-skilled immigrants that...
Read more »LI council to update Cuomo on $161.3M in building projects
Photo credit: AP
Members of the Long Island Regional Council are expected to be in Albany Wednesday to provide a progress report on local building projects.
They will join counterparts from the other nine councils across the state in a public event with Gov. Andrew M. Cuomo.
The local report will focus on how $161.3 million in state aid, awarded over the past year and a half, is being spent. A video...
Read more »Poll: Will you vacation on Long Island this summer?
Photo credit: Randee Daddona, 2010
The first summer vacation season since superstorm Sandy starts Memorial Day weekend. While some traditional vacation areas were damaged by the storm, business owners and public officials have worked hard to rebuild. Many say it will be business as usual this year.
At the same time, with gas costly and the economic recovery still slow, many people will consider vacationing close to home. ...
Read more »CA wins up to $80 million on IRS appeal
Photo credit: Kevin P. Coughlin, 2012
Islandia software maker CA Technologies has won an appeal with the Internal Revenue Service that the company says will result in a refund of up to $80 million.
The move lowers the company’s 2014 fiscal-year tax rate to 14 percent, down from 31 percent, increasing its first-quarter income to up to $185 million. CA also expects to receive a refund of $70 million to $80 million for the years...
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