The Suffolk County Industrial Development Agency is negotiating a $40,000 marketing deal with one of its project applicants. 
 The arrangement would give the IDA greater exposure to technology startups, which it seeks to aid with the new Boost program of tax breaks, said executive director Anthony Manetta. 
 The IDA would have workspace in a new business accelerator on Main Street in Huntington Village. The agency also would be given signage, participation in events and publicity over a three- or four-year period. 
 Entreprenuer Tyler Roye and three partners in GroupGifting.com are developing the business accelerator. “The IDA will be omnipresent there,” Roye said this week. “You will be plugged in directly to all the startup activity on the Island.” 
 Manetta and Roye announced the marketing arrangement minutes after the IDA Thursday unanimously approved $140,016 in tax breaks for the accelerator over five years. 
 IDA chairman Paul J. Tonna lauded the arrangement as “a great additional opportunity,” adding the $40,000 would come out of the agency’s recently-approved $400,000 advertising budget.

The Suffolk County Industrial Development Agency is negotiating a $40,000 marketing deal with one of its project applicants. The arrangement would give the IDA greater exposure to technology startups, which it seeks to aid with the new Boost program of tax breaks, said executive director Anthony Manetta. The IDA would have workspace in a new business accelerator on Main Street in Huntington Village. The agency also would be given signage, participation in events and publicity over a three- or four-year period. Entreprenuer Tyler Roye and three partners in GroupGifting.com are developing the business accelerator. “The IDA will be omnipresent there,” Roye said this week. “You will be plugged in directly to all the startup activity on the Island.” Manetta and Roye announced the marketing arrangement minutes after the IDA Thursday unanimously approved $140,016 in tax breaks for the accelerator over five years. IDA chairman Paul J. Tonna lauded the arrangement as “a great additional opportunity,” adding the $40,000 would come out of the agency’s recently-approved $400,000 advertising budget.

Business

Suffolk IDA negotiating $40G marketing deal

Suffolk IDA negotiating $40,000 marketing deal with new biz accelerator

Newsday

Business Trending

Wallet Watch

People on the Move

Latest real estate news

Most Popular

Latest Videos

Latest videos

The Town of Oyster Bay and Northrop Grumman are locked in a dispute over the extent of the plan to clean up Bethpage Community Park. NewsdayTV's Virginia Huie reports.

'No reason for us to believe any area is safe unless tested'

A tipster says he told the state about buried drums at Bethpage Community Park nearly a decade ago. Newsday's Ken Buffa reports.

Uncovering the truth about the chemical drums

The attorney general's investigation affirms the stories told by multiple women during an emotional, hourslong school board meeting in November 2021 — a turning point that sparked a public reckoning and spawned the state probe. NewsdayTV's Andrew Ehinger reports.

'At times I felt like I had my hopes up and nothing would come of it'

A college's sticker price doesn't tell the full story of what the average student pays after financial aid and scholarships. See how more than 150 NY colleges compare. NewsdayTV's Shari Einhorn reports.

'Tuition is a lot'

Michelle Chronick Tyson, 59, has been charged with murder in the killing of a newborn, whose body was found in a movie theater toilet in 1996. NewsdayTV's Andrew Ehinger reports.

'We look forward to litigating this case'

Sign up for the Daily Business newsletter

Business Newsletter Widget

The weather and traffic channel will go off the air Dec. 27. Optimum faces more than $26 billion in debt.

News 12+ to shut down amid Optimum's financial troubles

Business Article Bottom Module

Global shares are mixed and oil prices have retreated, falling sharply on renewed hopes for progress in diplomatic efforts between the U.S. and Iran.

Global shares are mixed and US futures advance, while oil prices fall nearly 4%

Japanese online service company GMO Internet Group has apologized for security breaches from cyberattacks, and promised to prevent a recurrence and compensate victims.

Japanese online service company GMO apologizes for security breaches and promises compensation

People signing up for health insurance coverage under the Affordable Care Act for 2027 should expect higher premiums and fewer options.

What to know about the Affordable Care Act's open enrollment period now underway

The FBI says the billions of dollars stolen from Binance within minutes in the biggest crypto heist in history was orchestrated by North Korean hackers.

FBI blames North Korea for stolen billions from Binance in biggest hack in history

A NASA telescope is barely clinging to space after a failed rescue effort left it tottering lower and lower.

NASA telescope is on the verge of plunging back to Earth after failed rescue mission

The health of the jobs market, along with updates on several areas of the economy and corporate profits, will fill the calendar this week.

Several key employment reports and more corporate earnings updates will fill out a busy week

Business Video Playlist

Higher diesel costs, big-box competition and rainy weather are squeezing pumpkin farms as they look for new ways to draw customers. Newsday business reporter Tory Parrish has more.

'I think you're making a small investment for memories'

Nearly $1.2 billion in unclaimed funds is available across more than 5 million accounts on Long Island, according to the state comptroller's office. NewsdayTV's Andrew Ehinger reports.

$1.2B available across 5 million accounts on LI

Changes at the Lake Grove property will include new tenants, such as LongHorn Steakhouse and Coach. Newsday business reporter Tory Parrish has more.

New plaza, stores, games, 'park-like' setting coming to Smith Haven Mall

They cook, build, care for seniors and run businesses. What happens when these workers disappear? NewsdayTV's Shari Einhorn reports.

'We can expect negative repercussions'

Affordability concerns on Long Island leave some residents wondering if it's worth staying. NewsdayTV's Ken Buffa and Newsday business reporter Brianne Ledda have more.

'Yes, I would leave'

ScieGen Pharmaceuticals wants to build a 60,000-square-foot factory and warehouse in Hauppauge to meet consumer demand. NewsdayTV's Virginia Huie reports.

'Very important for us'

Housing advocates and local officials were set to break ground on Thursday on a building with 52 affordable apartments slated to replace blighted commercial buildings on Port Jefferson's Main Street. NewsdayTV's Andrew Ehinger reports.

Port Jefferson entering new phase of revitalization

Bonsai tree-making classes, trivia nights, mocktails and private events are among the ways local venues are trying to draw customers. Newsday business reporter Tory Parrish has more.

'We have a lot of different things going on'

Some East End businesses already house workers priced out of the area. Now East Hampton is weighing rules that could expand the model — and the debate over tying housing to a job. NewsdayTV's Andrew Ehinger reports.

'It's something I felt we had to do'

If the deal goes through, Giunta's Meat Farms will also acquire four Wild by Nature natural food stores. NewsdayTV's Ken Buffa reports.

Giunta's Meat Farms acquiring 24 King Kullen stores

Fake listings, bogus fees and stolen data target renters squeezed by Long Island's high housing costs. NewsdayTV's Virginia Huie reports.

'It's been a nightmare'

NEWSDAY TV SHORTS

Vertical videos

NewsdayTV's Macy Egeland takes a look back at the Kings Park Psychiatric Center.

Picture This: When Kings Park had a psychiatric hospital

The cost of living on Long Island is causing some Gen Zers to live at home with their parents. Newsday real estate reporter Rachel Weiss was more.

Cost of living keeps Gen Z at home with parents

NewsdayTV's Ken Buffa heads to Hair we Share to see the process of turning donated hair into wigs.

LI Works: Giving wigs to those in need

Nassau and Suffolk counties have implemented a combined $57 million in technology upgrades to streamline the voting process.

New voting machines at Long Island polling places

Laura Otton, perinatal mental health therapist and owner of Therapy for Motherhood, talks to NewsdayTV's Macy Egeland about the logistics of returning to work after having a baby.

Working Moms: Negotiating a return to work

NewsdayTV's Doug Geed steps into the vineyards at Bedell Cellars to get an inside look at the action, the artistry, and the fresh flavors shaping Long Island's latest vintage.

Out East: Harvest time at Bedell Cellars

Rori Zura was diagnosed with triple-negative breast cancer at the age of 33. Today, she helps others as a cancer exercise specialist. NewsdayTV's Virginia Huie reports.

Breast cancer survivor helps others take charge of their recovery

The report identified over half a million hateful posts on X between January 2025 and June 2026, with monthly growth of 75%. NewsdayTV's Andrew Ehinger reports.

Anti-South Asian rhetoric surging on some social media platforms, report says

Liberty Water has applied to raise rates in three of the areas it serves on Long Island. NewsdayTV's Andrew Ehinger reports.

Liberty seeks water rate hikes of $21-$28 a month for some Nassau customers

NewsdayTV's Ken Buffa visits Co-Owner, Dough & Co. Pizza to try the Apple Bay Pizza, which is exclusive to their Oyster Bay location.

Trendy Bites: An apple pie ... pizza?

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

Newsday TV

NewsdayTV Top Item

Affordability on voters' minds as Election Day looms ... How the deportation crackdown is hurting LI's restaurant industry ... Out East: Deep Roots Farm in Southold ... HEAP enrollment starts today

Affordability on voters' minds as Election Day looms ... How the deportation crackdown is hurting LI's restaurant industry ... HEAP enrollment starts today

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.