Inside Long Island Business

Get the latest news and trends on Long Island companies and the people behind them.

Brookhaven IDA offers Sandy-relief program

Brookhaven Town’s industrial development agency Friday announced a relief program for Sandy-ravaged businesses of all sizes.

The IDA will provide a sales-tax exemption to eligible companies for the purchase of building materials, equipment and other supplies needed to reopen after the Oct. 29 storm. Automobile purchases are excluded, said Lisa Mulligan, IDA chief executive.

The program...

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Poll: How will you deal with the federal payroll tax increase?

If there is a mistake on an employee's

(Credit: iStock)

The fiscal cliff deal reached by Congress and the Obama administration did not affect the expiration of a temporary reduction in Social Security payroll taxes.

Last year, the 2 percentage-point temporary cut in federal payroll taxes was worth about $1,000 to a worker making $50,000 a year.  Employees will see the tax increase from 4.2 percent last year to 6.2 percent in their 2013 paychecks.

How...

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Telephonics gets $33.2 million Army contract

The Huntington assembly floor for Telephonics Corp., a

(Credit: Kevin P. Coughlin, 2010)

Farmingdale-based defense contractor Telephonics Corp. has received a $33.2 million U.S. Army contract to supply encrypted intercommunications systems through 2017.

The “encrypted aircraft wireless intercom system” will give Army aviators “the ability to safely communicate and convey critical commands,” said the office of Sen. Charles Schumer (D-N.Y.) in an announcement Friday about the contract.

Telephonics...

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Help with Sandy insurance claims to be offered

Businesses, homeowners and renters with questions about insurance claims after superstorm Sandy can get help Monday and Thursday at two locations from the state Department of Financial Services, which regulates insurers.

Department representatives will be in Long Beach on Monday from 9 a.m. to 5 p.m. at the Waldbaum's Plaza, 85 East Park Ave. They will be in Copiague on Thursday from 9 a.m....

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Nassau County residents can get free mortgage advice

Nassau County residents who are at risk of

(Credit: iStock )

Nassau County residents who are at risk of mortgage foreclosure can get free guidance at a series of legal clinics on Monday from 3 to 6 p.m.

The Nassau County Bar Association will offer the foreclosure clinic at its headquarters at 15th and West streets in Mineola.

Volunteer attorneys will offer one-on-one guidance about foreclosure, loan modification and bankruptcy. Federally certified...

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Netsmart acquires NYC software firm

Building 100 at 3500 Sunrise Highway in Great

(Credit: John Dunn)

Netsmart Technologies Inc., a software maker with about 150 employees in Great River, has acquired a Manhattan company to broaden its offering of programs to health care firms.

The Overland Park, Kan., company declined the say how much it paid for Defran Systems, which employs about 70 people and produces case, clinical and financial management software.

The move will enable Netsmart...

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Food prices, 'cliff' dampen metro consumer confidence

Consumer confidence in the metropolitan area dipped this

(Credit: iStock)

Consumer confidence in the metropolitan area dipped this past month because of concern about grocery prices and possible tax increases in 2013, according to a poll released Thursday.

The decline coincided with the end of the holiday shopping season, which is make or break for many retailers.

The Siena College Research Institute Thursday reported that its confidence index for Long Island,...

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Alcott HR to expand into Europe

Louis Basso has been appointed to the Long

(Credit: Handout)

Alcott HR Group, a Farmingdale company that provides human resource services, Wednesday announced an expansion into Europe -- its first international office.

"It’s something we’ve been missing," said Lou Basso, the president and co-founder of Alcott. "We’ve been in business for 25 years. . . We've gotten calls from clients that think they want to dip their toes into. . . European...

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2 LI eateries part of $1 million wage settlement

Asian Moon on Franklin Avenue in Garden City.

(Credit: Howard Schnapp)

A restaurant chain with two locations on Long Island and one in Westchester County has agreed to pay just over a $1 million to settle federal charges that it failed to pay 255 workers minimum wage and overtime, the U.S. Labor Department said  Wednesday afternoon.

The restaurants are Asian Moon in Garden City and Massapequa Park, and Golden Rod in New Rochelle. The bulk of the alleged...

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