Inside Long Island Business

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

Poll: What has the cold weather cost you?

Icicles cling to a street sign on Feb.

(Credit: Getty Images / Sara D. Davis)

Record snowfall, icy roads and frigid temperatures have tested Long Islanders this winter. Repeated storms have forced schools and businesses to close, and cold temperatures have boosted heating bills. Heavy snow and ice is taking a toll on roofs and gutters, and epic potholes are taking a toll on cars.

What's been your biggest expense from the cold? Vote and leave a comment; results and a...

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Canon in Melville wins top environmental designation

Canon U.S.A.'s Americas headquarters in Melville, seen on

(Credit: Barry Sloan)

Canon U.S.A. announced Friday that its Americas headquarters has been designated a LEED Gold building, the largest of its kind on Long Island.

The U.S. Green Building Council awarded its Leadership in Energy & Environmental Design (LEED) Gold certification to Canon because of environment-friendly features, such as parking garages that conserve land use, water-efficient plumbing and use...

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New loan program for NYS contractors

Gov. Andrew Cuomo speaks during a news conference

(Credit: AP / Mike Groll)

Seeking to spur more women and minority-owned companies to do business with the state, Empire State Development on Thursday established a loan loss reserve that will make available at least $15 million for state contractors.

The $2.3-million reserve is designed to encourage lenders to provide working capital to companies that win state contracts.

On Long Island, TruFund Financial Services...

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START-UP NY head to be paid $168K

Leslie Whatley, the chief of START-UP NY

(Credit: Ed Betz)

     Leslie Whatley, the point-person for Gov. Andrew M. Cuomo’s tax-free zones for businesses, will be paid $168,000 per year, state records show.

     The board of directors of Empire State Development, the state’s primary business-aid agency, on Thursday unanimously approved a plan to pay half of Whatley’s salary. The amount wasn't discussed in the...

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NY-area consumer prices rose 1.9% in January

Consumer prices in the metropolitan area rose significantly

(Credit: iStock)

Consumer prices in the metropolitan area rose significantly last month compared with a year ago on higher residential rents.

The federal Bureau of Labor Statistics said Thursday that its consumer price index for the 31-county region that includes Long Island climbed 1.9 percent in January compared with a year earlier. It was largest year-over-year increase since July.

Rents were up 3.5...

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Tax Chat 2014: Experts tackle AMT, other tax questions

No institution, organization or individual should be exempt

(Credit: iStock)

Are you ready for tax season?

Newsday took readers' tax prep questions to a panel of certified public accountants from the New York State Society of CPAs on Feb. 18 and 19, 2014.

The panel answered readers' questions about personal and business taxes, from the simplest to the most complex issues.

To access a replay of the chat, visit newsday.com/taxchat or scroll...

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NY Fed: Winter storms dampen sales for service firms

Service businesses in the metropolitan region and upstate

(Credit: EPA / Peter Foley)

Executives of service businesses in the metropolitan region and upstate New York are reporting sales declines this month compared with January because of a series of winter storms, according to a survey released Wednesday.

The Federal Reserve Bank of New York said its business activity index fell 17 points in February to a negative 10.5 from January’s 6 points.

It was the index's first...

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LI business events, Feb. 17 to 21

Another winter week, another Long Island snowstorm with

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

LI STOCK TRADERS MEETING | Plainview

Discussing technical analysis and stock trading, 6:45-9:15 p.m., Plainview-Old Bethpage Library, 999 Old Country Rd., free, meetup.com, 516-385-8244.

NORTH BROOKHAVEN CHAMBER | Mount Sinai

Business workshop featuring guest speaker, 7 p.m., Willow Creek Golf & Country Club, 1 Clubhouse Dr., register, $22 buffet, 631-821-1313.

TUESDAY,...

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HIA-LI reschedules economic summit to March 4

Like crocuses determined to bloom through snow, the

(Credit: Getty Images / Martin Gerten )

HIA-LI has rescheduled its economic summit to March 4 after being snowed out twice, officials said Friday.

The group, formerly known as the Hauppauge Industrial Association, will meet at 8 a.m. March 4 in the Islandia Marriott hotel, 3635 Express Dr. N., Islandia.

Executives will discuss the results of a recent poll about the local economy and hear from Kenneth Adams, president of Empire...

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LI malls open during snow, but many stores inside closed

In Valley Stream, Green Acres Mall, as seen

(Credit: Lou Minutoli)

Long Island’s malls took a blow from the snow Thursday, and may again Friday.

While Roosevelt Field mall in Garden City, Walt Whitman Shops in Huntington and Smith Haven Mall in Lake Grove all opened on time at 10 a.m. Thursday, many individual stores, including some big anchor tenants, remained shuttered, said a spokeswoman with the malls’ operator, Simon Property Group. The decision to close...

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