Inside Long Island Business

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

Apple Bank completes Emigrant branch purchases

Apple Bank for Savings, based in Manhasset, said

(Credit: Patricia Caleca)

Apple Bank for Savings, based in Manhasset, said Tuesday it completed its acquisition of most of Emigrant Savings Bank’s branches.

The 29 branches acquired are Manhattan, Brooklyn, the Bronx, Queens, Long Island and Westchester, and now operate under the Apple Bank name.

The new branches increase Apple’s total to 77 and its assets from $9.8 billion to almost $13 billion, the privately...

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Sandy victims can seek help in Islip, Long Beach, Lawrence starting today

The Long Beach boardwalk is still being rebuilt

(Credit: Newsday / J. Conrad Williams Jr.)

State officials are at Islip Town Hall today until 5 p.m. 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 an RV Mobile...

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Advanced Energy conference this week

Around 1,500 attendees are expected at the Long Island-organized Advanced Energy Conference, which takes place today and tomorrow at the Javits Center in Manhattan.

Coordinated by the Advanced Energy Research and Technology Center in Stony Brook, the event aims to bring together researchers, academics, businesspeople, etc. to discuss and share ideas around New York State's clean energy sector.


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Electromotive Designs, Watt Fuel split $500G grant

Two local companies will split $500,000 from the state to develop new energy storage technologies.

Electromotive Designs LLC of Ronkonkoma will use its grant from the state Energy Research and Development Authority for work on a hybrid engine for buses and trucks. The engine would recapture braking energy and use it to accelerate a vehicle from the stop position.

Watt Fuel Cell Corp....

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Jamie Dimon to speak at SUNY Old Westbury event

JP Morgan Chase chief executive Jamie Dimon will

(Credit: Getty Images, 2012)

JP Morgan Chase chief executive Jamie Dimon will kick off a new Executive Leadership Forum series organized by the College at Old Westbury next week.

Dimon will speak and discuss topics such as the global economy, the banking industry and fertile investment opportunities at the event next Thursday, May 9. The forum will be held at the Crest Hollow Country Club in Woodbury from 11:30 a.m. to...

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Poll: Do you prefer local brews?

Craft beers are gaining popularity.

(Credit: AP)

The craft beer industry has taken off across the United States as consumers demand better quality and more variety in their brews.

Locally, the trend is also noticeable -- with inventive ales such as Long Island Oyster Stout, Eight Legged RyePA and the White's Beach Wit coming out of Long Island breweries.

Are you more inclined to buy a beer that's brewed locally? Vote and leave a comment. ...

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Kedrion cuts size of Melville expansion

A blood-products manufacturer has downsized a planned expansion of its Melville plant, officials said.

Kedrion BioPharma Inc. will construct an 18,000-square-foot addition to 155 Duryea Rd., instead of 48,000 square feet. The existing structure is 105,000 square feet.

The move reduces construction costs from $23 million to $7.5 million, according to Carl Nerlich, a consultant to the...

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More aid for LI Industrial Management

The owners of 23 run-down office and industrial buildings in Suffolk County will get a larger sales-tax break because they plan to spend more money on renovations, officials said.

Long Island Industrial Management will save $1.5 million on sales tax for building materials and other purchases instead of $862,500, according to Anthony Manetta, executive director of the Suffolk County Industrial...

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Solar company plans to employ 80 in Hauppauge

A California-based solar energy company has selected 923 Motor Pkwy. in Hauppauge for its Long Island operation.

SolarCity Corp. plans to open a regional office and warehouse by summer. The company specializes in the installation of solar power systems; it already has offices in Albany and in the Westchester County community of Elmsford. The public company expects to employ 80 people on Long...

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New ads point NY homeowners to free foreclosure help

New ads will make homeowners aware of free

(Credit: Charles Eckert, 2012)

Struggling homeowners who face foreclosure should reach out for free legal assistance and counseling, State Attorney General Eric Schneiderman urged Thursday. The message is part of an advertising campaign Schneiderman announced to highlight the services available to people in danger of losing their homes.

Schneiderman launched the statewide $60 million Homeowners Protection Plan last year...

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