Inside Long Island Business

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

New LI chapter of ad club launches survey

The Advertising Club of New York has launched its Long Island chapter with a survey designed to help it develop programs for the local marketing community, organization officials said.

Two years ago, Long Island chapter organizers joined forces with the 117-year-old club to establish a local resource for professional development as well as networking and mentoring opportunities, they said....

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Keeping, attracting businesses to LI topic of Oct. 1 panel

Business executives and economic development officials will discuss how to keep companies on Long Island and attract new ones at an Oct. 1 event organized by the New York chapter of the Association for Corporate Growth.

The event, which runs from 6-8:30 p.m., will be held at the Ferrari-Maserati Long Island dealership, 65 South Service Rd. (off the LIE), Plainview.

There is a $150 registration...

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Home down-payment aid offered in Suffolk

Suffolk's first-time home buyer program provides $14,000 per

(Credit: iStock)

Suffolk County announced the availability of $500,000 in federal funds to help low- to moderate-income first-time home buyers make their down payments.

The program provides $14,000 per home purchaser but excludes Islip and Babylon Towns, which have their own programs. The program also has strict requirements regarding minimum and maximum income level and savings. The money is granted in the...

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Hain Celestial makes Fortune's fastest growing companies list

The brown bear appearing on boxes of Celestial

(Credit: Handout)

The Hain Celestial Group, a Lake Success-based manufacturer of natural food products, was named to Fortune Magazine's list of the 100 Fastest Growing Companies in America Thursday.

The company, which produces items such as Terra Chips and Celestial Seasonings tea, was ranked No. 83 on the list, with an average revenue growth of 20 percent, profit growth of 58 percent and total returns of 48...

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Dealertrack pays $13M for Texas marketing company

Lake Success-based Dealertrack Inc., a provider of software

(Credit: Newsday, 2012)

Dealertrack Inc., a Lake Success company that makes software for auto dealers, has reached a deal to acquire a Texas marketing company for $13 million in cash.

The Long Island company said buying Customer Focused Marketing Inc. of Irving, Texas, will bolster its efforts to offer customers a full range of automotive sales technology.

CFM, launched in 1997, offers automated systems to...

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Startup Day Across America on LI this week

Thursday will be the first National Startup Day Across America, an effort by Congress to better connect with the startup and entrepreneurial community in their local districts.

On Long Island, Rep. Steve Israel (D-Huntington) and Rep. Tim Bishop (D-Southampton) will participate in the event and focus their visits on clean energy startup companies.

Israel will visit Watt Fuel Cell Corp....

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Sandy assistance in Long Beach on Tuesday

Cars lifted by floodwater in Long Beach are

(Credit: AP)

State officials will be in Long Beach on Tuesday to help homeowners and business people affected by superstorm Sandy.

Gov. Andrew M. Cuomo's administration won approval for its plan to use federal Community Block Grants to aid homeowners and businesses ravaged by the Oct. 29 storm. Those seeking assistance must apply to the state.

Representatives of the Department of Financial Services...

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31 LI businesses on list of fastest growing private companies

Thirty-one Long Island companies were named to the Inc. 5000, an annual list of the 5,000 fastest growing companies in America compiled by the trade magazine, Inc., with two of local businesses topping out the list in the top 10 percent.

The list ranks the companies by three-year revenue growth from figures submitted by the businesses. Last year, there were 33 companies on the list from Long...

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DiNapoli: LI lags NYS in job growth

Long Island’s job market fared worse than New

(Credit: Newsday/Karen Wiles Stabile)

Long Island’s job market fared worse than New York State’s in both the five-year and 10-year periods ended Dec. 31, 2012, according to a report from state Comptroller Thomas DiNapoli.

Employment in Nassau and Suffolk counties shrank three tenths of 1 percent during 2007-12 compared with a statewide gain of seven tenths of 1 percent.

DiNapoli found that the Island lost private-sector...

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Teachers FCU named 'best of the best' by Hauppauge Industrial Association

Teachers Federal Credit Union has been named “best

(Credit: TFCU)

Teachers Federal Credit Union has been named “best of the best” among large Long Island businesses by the Hauppauge Industrial Association.

The Hauppauge-based nonprofit financial institution will receive the honor at the HIA’s 19th annual awards luncheon on Sept. 12 at Crest Hollow Country Club in Woodbury.

The HIA bestows a series of accolades each year to honor companies in Nassau...

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