Get the latest news and trends on Long Island companies and the people behind them.
On Long Island, it's a frequent scenario: A private company threatens to move, or says it can't expand without government help. So a county or town Industrial Development Agency grants breaks on property taxes and/or sales taxes to convince the company to stay or expand, thereby preserving or creating jobs on the Island.
Do you think the tax benefits are worth the cost? Vote and leave...Read more »
Hi-Tech Pharmacal reported Tuesday that its profit for the August-October period fell 87 percent compared with a year earlier, after setting aside $9.5 million for a possible settlement of a pricing investigation in Texas.
The Amityville-based manufacturer of generic and brand-name drugs said profit for the quarter ended Oct. 31 was $1.2 million compared with $8.9 million in 2012.
Sales...Read more »
Just in time for the holidays, New York State Monday announced the opening of on an online store to sell I Love NY merchandise.
The store, located at www.shopiloveny.com, features $19.50 T-shirts, $24 vinyl tote bags, $24.95 baseball caps and $34.95 messenger bags emblazoned with different versions of the I Love NY logo.
There are logos for I Love NY LGBT, I Buffalo NY, I Theater NY...Read more »
TUESDAY, Dec. 10
EZ SPEAKERS TOASTMASTERS | Hauppauge
Meeting helps with public speaking and leadership skills, 11:50 a.m.-12:50 p.m., H. Lee Dennison Building, 100 Veterans Memorial Hwy., free, ezspeakers.toastmastersclubs.org, 631-375-7407.
HOLIDAY PARTY | Plainview
Features networking, 50/50 raffles and a swap/swipe game, presented by the Independent Business Women's Circle,...Read more »
A Hicksville-based seller of chocolates and gourmet foods will receive tax breaks over 20 years in return for staying in Nassau County rather than moving out of state, officials said Friday.
The county’s industrial development agency gave the incentives in support of a $14.7-million plan by Nassau Candy Distributors Inc. for a regional warehouse at 300 Duffy Ave. in Hicksville.
The new...Read more »
Bruce Ratner, the developer tapped by Nassau County to revamp the Coliseum, said Thursday that housing, offices, stores or technology companies aren't suitable for the acres of asphalt surrounding his proposed entertainment complex.
Speaking to journalists in Manhattan, Ratner, who is board chairman of Forest City Ratner Cos., said, "You have more limited choices" at the Hub. "I...Read more »
Techniques for increasing sales and profits are among the topics to be addressed at an all-day event on Jan. 15 at the Crest Hollow Country Club in Woodbury.
There will be workshops on marketing, human resources, accounting and acquisitions, according to organizer Corrinne Graham, who also runs the year-old Graham International Consulting and Research Inc. in Coram.
She said she hopes...Read more »
Consumer confidence in the metropolitan area was up last month as concern about gasoline prices continued to abate.
The Siena College Research Institute reported Wednesday that its consumer confidence index for Long Island, New York City and its northern suburbs was 77 points in November, up 4.6 from October.
An index reading above 76 points means the number of people who are optimistic...Read more »
Online spending from desktop computers on Cyber Monday set a record high, reaching $1.735 billion and marking the second day to pass $1 billion in sales this holiday shopping season, according to comScore, a firm that measures and analyzes online consumer behavior.
Despite weeks of discounts both online and in stores, consumers shopped heavily online on Cyber Monday, a daylong holiday shopping...Read more »
Moving from a commercial building to a college campus has allowed a local business incubator to cut by 26 percent the rent paid by tenants.
ThoughtBox@LIU is now charging $260 per month for every desk a tenant uses in the incubator’s new space on Long Island University’s Brookville campus, said founder Mark Fasciano, who also is managing director of the local venture capital firm Canrock Ventures.
He...Read more »