Inside Long Island Business
Get the latest news and trends on Long Island companies and the people behind them.
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 »Metro area consumer confidence falls on economic worries
Photo credit: iStock
Consumer confidence in the New York metropolitan area fell this past month compared with March, despite record gains on Wall Street.
The Siena College Research Institute reported Thursday its confidence index for Long Island, New York City and its northern suburbs was 77.5 points in April, down 2.4 from the previous month.
Still, the index remained above 76.1 points, indicating the number...
Read more »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.
The...
Read more »New York becomes nation's largest yogurt maker
New York state has surpassed California as the nation’s largest yogurt maker, state figures show.
Plants in New York produced 692 million pounds of yogurt last year compared with 587 million in California. In 2011, the Empire State produced 554 million pounds of yogurt to the Golden State’s 627 million, according to statistics from producers compiled by both state’s agriculture departments.
In...
Read more »NY metro consumer confidence down on gas price worries
Photo credit: Newsday, 2012 / John Paraskevas
Consumer confidence in the New York metropolitan area dipped in March on worries about the rising cost of gasoline.
The Siena College Research Institute Wednesday reported its consumer confidence index for Long lsland, New York City and its northern suburbs was 79.9 last month, down 2.5 points from February.
Readings above 76 indicate the number of people who are optimistic about their...
Read more »Suffolk hosts job event for ex-offenders
A re-entry job fair for ex-offenders drew around 250 attendees, with 10 to 15 percent of participants receiving job offers, said the Suffolk County Labor Department, which organized the event.
The event, which was held last week, featured not only companies looking to hire new employees but also nonprofit organizations that offered legal and career advice. Five former offenders also gave a...
Read more »NY labor commissioner urges changes to bring in jobs
New York is determined to regain its stature as an economic development and job-creation hub again but faces some big challenges, state Labor Commissioner Peter Rivera told a gathering of the business advocacy group Action Long Island Friday morning in Melville.
Those challenges include attracting more venture capital and business research dollars. New York attracts just 4 percent of...
Read more »NYS manufacturing conditions improve
Manufacturing conditions in New York State improved for the second consecutive month in March, according to the Empire State Manufacturing Survey, a report of state manufacturing activity compiled by the Federal Reserve Bank of New York. The New York survey acts as an early indicator of national manufacturing conditions.
The general business conditions index was 9.24, less than a point down...
Read more »NY metro area consumer confidence up in February
Photo credit: iStock
Consumer confidence in the metropolitan area rose in February despite concerns about gasoline prices and the impact of federal sequestration budget cuts.
The Siena College Research Institute Wednesday reported its consumer confidence index for Long Island, New York City and its northern suburbs rose 4.4 points last month to 82.4 from January.
Readings above 76 points indicate the number...
Read more »SBA approves up to $1B in Sandy disaster loans for NY
Photo credit: Newsday / Alejandra Villa
The Small Business Administration has approved more than $1 billion in disaster loans for New York homeowners and businesses affected by superstorm Sandy, the federal agency said Tuesday. That amounts up to roughly 15,000 loans.
Businesses and homeowners in declared disaster areas are able to apply for SBA disaster loans, which are offered low interest rates. Businesses may apply for up to...
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