Inside Long Island Business

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

Franchising expert to speak at Tuesday workshop in Hauppauge

Franchise businesses is the topic of a workshop on Tuesday morning in Hauppauge.

Stuart Levenberg, an executive with the Kensington Co., will discuss franchise opportunities, how to find the right business opportunity for you and financing. Roslyn Heights-based Kensington is a business brokerage that helps people buy and sell companies including franchises.

Before joining Kensington,...

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Tax change reduces Gold Coast Bank's income

Gold Coast Bank office in Huntington Village. (Nov.

(Credit: Ian J. Stark)

The absence of a tax benefit in 2013 reduced Gold Coast Bank’s net income by 90 percent in the fourth quarter of last year, it said Friday.

The privately held five-branch bank based in Islandia said net income for the three months ended Dec.31 was $90,000 or three cents a share, compared to $920,000 or 43 cents for the quarter a year earlier.

The bank said it booked a tax expense of...

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Huntington Village startup receives $56G in tax breaks from Suffolk

Work Market chief executive Jeffrey Leventhal, at his

(Credit: Heather Walsh)

Work Market Inc., a fast-growing technology startup, is expanding in Huntington Village.

The company is moving from 2,200 square feet of rented space at 14 Wall St. to 3,120 square feet at 7 High St., also rented space.

Chief executive Jeffrey Leventhal said Work Market needs a larger office to accommodate more employees.

The company has a workforce of 43; 20 in Huntington and...

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Briscoe plans 'multi-million dollar' acquisitions

Briscoe Protective Systems Inc. of Centereach said Thursday it had obtained a line of credit from Suffolk County National Bank to finance the acquisitions of other companies to expand its business.

The amount of the "multimillion dollar" line of credit with the Riverhead-based bank was not specified.

The 35-year-old Briscoe designs, distributes and services fire and security alarm systems....

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Garden City Hotel seeks tax breaks from Nassau County

The Garden City Hotel, shown here in 2010,

(Credit: Jason Andrew)

The Garden City Hotel is seeking tax breaks from Nassau County to support a $26-million makeover on the luxury hotel, according to officials and documents.

The county’s Industrial Development Agency is expected to consider the hotel’s application for a sales tax exemption on building materials, furniture and other improvements.

Fortuna Realty Group purchased the 280-room, nine-story...

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First National recognized for high dividend growth

First National Bank of Long Island

(Credit: Newsday, 2012 / Audrey C. Tiernan)

First National Bank of Long Island, based in Glen Head, was one of only 20 U.S. banks and the only one on Long Island named in a report by business data provider SNL Financial as having cumulative dividend growth of at least 30 percent over the past five years and a minimum 2 percent annual increase.

SNL said in a Jan. 22 article that First National of Long Island’s dividend grew by 54.6 percent...

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NYS issues 1st refunds of the '14 income-tax filing season

New York State Monday issued its first refunds of the 2014 income tax season.

The state Department of Taxation and Finance sent out 87 refunds, totaling more than $15,000. The amount, which averaged $183 per taxpayer, was paid via direct deposit.

The taxpayers receiving refunds used the department’s new Income Tax Web File, which allows state tax returns to be prepared and filed electronically...

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Poll: Did the Target breach change your shopping habits?

A new poll shows most shoppers haven't changed

(Credit: AP)

While consumers say they're very concerned about the safety of their personal information after the massive security breach at Target -- and more than a third of Americans think their info was compromised -- most haven't changed their shopping habits as a result, a new Associated Press--GfK Poll finds.

What about you?  Are you trying to pay with cash rather than plastic?  Are you...

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LI business events, Jan. 27 to 31

Sheril Pitters, of Coram, braves the snowstorm on

(Credit: Newsday / John Paraskevas)

MONDAY, Jan. 27

BUSINESS SEMINAR | Hempstead

"A Master Class in Business Plan Development," learn how to make your business plan work and make your business attractive to potential investors, 6:30 p.m., Hempstead Rebirth, 247 Fulton Ave., $75, hempsteadrebirth.org, 516-330-1776.

 

SEMINAR | Blue Point

"Shifting Old Gears and Exploring New Possibilities,"...

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LI wineries, food company in Super Bowl spotlight

Bedell Cellars is one of four wineries and

(Credit: Handout)

Four wineries and a frozen food company from Long Island are among more than 100 vendors from across New York State whose products will be featured at Super Bowl events, Gov. Andrew M. Cuomo announced Friday.

The local participants are Bedell Cellars in Cutchogue, Duckwalk Vineyards in Water Mill, Pindar Vineyards in Peconic, Wolffer Estate Vineyards in Sagaponack and frozen food provider...

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