UPDATE: The IDA board gave preliminary approval Thursday for tax breaks of about $160,000, including a $120,000 reduction in property taxes over 15 years. The project is in Peconic and is in addition to the company's location in a former firehouse in Greenport, said co-founder Rich Vandenburgh. 
<hr> 
 The Greenport Harbor Brewing Co. hopes to expand by purchasing a three-acre property for a bottling operation, a tasting room and factory in a $3 million project. 
 The company employs four people and hopes to double that in two years. It is seeking assistance from the Suffolk County Industrial Development Agency. 
 Photo: Beer glass with company logo.

UPDATE: The IDA board gave preliminary approval Thursday for tax breaks of about $160,000, including a $120,000 reduction in property taxes over 15 years. The project is in Peconic and is in addition to the company's location in a former firehouse in Greenport, said co-founder Rich Vandenburgh. The Greenport Harbor Brewing Co. hopes to expand by purchasing a three-acre property for a bottling operation, a tasting room and factory in a $3 million project. The company employs four people and hopes to double that in two years. It is seeking assistance from the Suffolk County Industrial Development Agency. Photo: Beer glass with company logo.

Business

Greenport Harbor Brewing seeks aid for $3M project

Newsday

bzbeer07  cropped 3.7.12

Business Trending

Wallet Watch

LI's priciest home sales

People on the Move

Latest real estate news

Most Popular

Latest Videos

Latest videos

Juan Bonilla Lagos, who was arrested by ICE in October near his Plainview home, was freed from jail after nine months.

'I fought so hard'

Teachers' median pay on Long Island grew by 1.5% in Nassau and 0.9% in Suffolk from the 2023-24 school year. Newsday education reporter Dandan Zou has more.

'They should make more'

Police are only addressing the supply, but demand is what fuels the illicit sex trade, experts say. Newsday political reporter Bahar Ostadan has the story.

'If you don't address demand, you don't address the problem'

The mother of a 7-year-old who was allegedly tortured and killed is filing a $250 million lawsuit against Suffolk County. NewsdayTV's Shari Einhorn has more.

'Multiple systems together that failed at every single point'

The village defended its rejection of a St. James cell tower, proposed by LI Smart Solutions on the campus of the 40-acre Knox School, arguing in a new legal filing the applicant could have revised its proposal to comply with local regulations.

Village defends cell tower rejection

Sign up for the Daily Business newsletter

Business Newsletter Widget

The agreement negotiated by Teamsters Local 802 includes a 20% to 40% pay raise for members over the six years of the contract.

Bimbo Bakeries workers on LI, in NYC ratify contract

Business Article Bottom Module

The heat dome that settled over much of the United States affected some specialty farmers who produce crops fruits and vegetables.

Specialty farmers adapt harvests, protect crops in face of extreme heat

The International Monetary Fund on Wednesday modestly downgraded its outlook for the world economy this year, citing the energy shock caused by the Iran war.

IMF expects world economy to grow a sluggish 3% this year, weighed down by Iran war but helped by AI

The FDA said there's "reasonable probability" that the products could cause "serious adverse health consequences or death."

FDA issues highest recall alert for chip brands over salmonella risk

After four years in exile, the prediction market platform Polymarket has begun a well-funded campaign to sell a new version of itself to the American public.

Polymarket is in a high-stakes race to win back trust as it recommits to the US market

A new analysis of early rate filings shows that Affordable Care Act insurers are proposing another year of double-digit premium increases.

Obamacare premiums surged this year. A new analysis shows it's likely to happen again in 2027

George E. Johnson Sr., founder of a pioneering Black hair care business, dies at 99

Business Video Playlist

The price of childcare can be prohibitive for many Long Island parents. NewsdayTV's Andrew Ehinger reports along with NewsdayTV's Ken Buffa, Newsday business reporter Victor Ocasio and daycare owner Janna Rodriguez.

'Probably as much as rent or mortgage'

The overall inflation rate for the Long Island area is now 5.1%, up from 3.4% in May 2025. Newsday business reporter James T. Madore has more.

'Long Islanders are feeling the pain'

Recently passed state auto insurance reforms could help lower car insurance rates as much as 10% for New York drivers, according to some estimates. NewsdayTV's Virginia Huie reports.

'If it ain't now, it ain't happening. It's a dream.'

If approved, it would be the first new hospital on Long Island since 1980. Newsday business reporter James T. Madore has more.

'There are steps still to go'

The Riverhead Shake Shack, opening June 30, will be the chain's first on the East End.

Shake Shack set to open at Tanger Outlets

If approved, the 130,000-square-foot Bass Pro Shops Outdoor World would feature an indoor aquarium, historical displays and taxidermy wildlife mounts.

Bass Pro Shops combines outdoor gear, tourist attractions

Amanda Pastore, of Levittown, feels the pressure to provide her son a birthday party like other children his age — but at what financial cost?

'I just want him to fit in with everybody else'

Median home prices rose 7.8% in Nassau and 6.7% in Suffolk in April. Newsday business reporter Jonathan LaMantia has more.

'Things are looking up in terms of the number of new listings'

Government data shows grocery inflation in the metro area has risen 1.5%. NewsdayTV's Andrew Ehinger reports.

'Everybody is feeling the pinch'

A number of Long Islanders are picking up extra jobs in an effort to make ends meet. NewsdayTV's Andrew Ehinger reports.

'Nearly a third of Long Islanders reported being financially strained'

NewsdayTV's Ken Buffa shows you Newsday's new website where you can find stories, data and tips concerning your bottom line.

Introduction to Newsday's Wallet Watch

NewsdayTV's Ken Buffa, Andrew Ehinger and Newsday business reporter James T. Madore look at why everything seems to cost more on Long Island.

'There's still nothing like Long Island'

NEWSDAY TV SHORTS

Vertical videos

A draft rule introduced this month by House and Senate Republicans would significantly limit compensation for service-connected tinnitus and sleep apnea for veterans. NewsdayTV's Virginia Huie reports.

LI vets concerned about bill that would reduce benefits

NewsdayTV's Doug Geed visits Palmer Vineyards, where they host 'summer late nights,' which have become very popular.

Out East: Take a sip at this winery that's ready for summer

After the British took control of Long Island, George Washington created a special unit for intelligence gathering, the Culper Spy Ring. NewsdayTV's Doug Geed reports.

America 250: The Culper Spy Ring on LI

Newsday food writer Erica Marcus explores the new farmers market at Station Yards in Ronkonkoma.

Farmers market opens at Station Yards

Brianna's Law, named after an 11-year-old girl who died in a 2005 accident, requires all operators of motorized vessels to take a boating safety course. NewsdayTV's Andrew Ehinger reports.

After her daughter's boating death, mom went from grief to 'unstoppable' safety advocate

The number of IOUs issued by LIRR conductors for fare evasion fell by more than half from 2024 to 2025. Newsday transportation reporter Alfonso Castillo explains.

LIRR IOUs for fare evasion are down

NewsdayTV's Elisa DiStefano visits L'Etoile in Oyster Bay. The French restaurant is in the building that used to be Snouder's Drug Store.

Historic LI building home to new French restaurant

NewsdayTV's Ken Buffa visits Signorama in Huntington Station.

LI Works: Ken lights up the room as he makes signs

Two sharks were spotted off Long Island shores Thursday, at Lido Beach and Long Beach. NewsdayTV's Ken Buffa reports.

Sharks spotted off shores of two LI beaches 

Newsday travel writer Carissa Kellman takes the High Line to Chelsea Market and Pier 57.

Exploring NYC's High Line

<a href="https://www.newsday.com/video/newsdaytv-top-stories">Get more on these and other NewsdayTV stories</a>

Newsday TV

NewsdayTV Top Item

Newsday investigation: Sex buyers go free ... Saving oysters in Great South Bay ... America 250: Nathan Hale ... Get the latest news and more great videos at NewsdayTV

Newsday investigation: Sex buyers go free ... Saving oysters in Great South Bay ... America 250: Nathan Hale

App Nativo Ad Unit Slot

Business - megaslot

Keep up with Long Island and national business news, including complete coverage of local companies, technology updates, stock market changes and more.

Most Popular

Latest Videos

Stay logged in.