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Business Expansions and Contractions - Long Island Region August 2013

Business Expansions and Openings

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Avison Young, a commercial real estate brokerage based in Toronto, opened the doors of a new office in Melville (Suffolk) on August 15.  The firm is currently hiring brokers to staff this office. (Newsday - August 16, 2013)

Suffolk County on August 16 unveiled a jobs website developed by the county Industrial Development Agency (IDA), focused on positions in science, technology, engineering, math and manufacturing (STEMM), http://jobs.suffolkida.org/.  County officials said the site would initially have more than 115 job listings, many of them from laser manufacturer Photonics in Bohemia.  The IDA now requires companies receiving its help to post job openings on the new website.  Nassau County already has a similar website as part of its Nassau Works initiative: http://nassau.tweetmyjobs.com/. (Newsday - August 15, 2013)

Nassau County Executive Edward Mangano has chosen Forest City Ratner's Nassau Events Center to renovate the Nassau Coliseum, in a deal that could transform the 77-acre property in the heart of the county and provide Nassau with several million dollars a year in new revenues.  The 49-year agreement brings to a close a nearly two decade-long debate about the future of the aging arena.  Ratner's $229-million proposal calls for a renovated 13,000-seat arena, a 2,000-seat indoor theater, an outdoor amphitheater, restaurants, an ice-skating rink and retail space.  The NY Islanders hockey team will play a combination of six regular or preseason games at the renovated Coliseum. (Newsday - August 15, 2013)

IntraLogic Solutions Inc., a video surveillance business that secures local schools and parks, won tax breaks on August 14 from Nassau County for a $3-million expansion.  IntraLogic now employs 32 people at 504 Hicksville Rd. in Massapequa and expects, once a planned move to larger quarters (also in Massapequa) is completed, to add 13 jobs over the next 15 years.  Employees, on average, earn $37,310 per year, excluding health insurance and other benefits, records show.  The county's Industrial Development Agency approved a sales-tax exemption of up to $45,000 and $25,000 off the mortgage recording tax. Property taxes would be frozen for 10 years followed by 2 percent increases in each of the next five years, if IntraLogic keeps its employment promises.  (Newsday - August 14, 2013)

The Long Island Power Authority (LIPA), faced with a mountain of superstorm Sandy invoices and an exodus of some key staffers since Gov. Andrew M. Cuomo announced plans to greatly reduce its role, is turning to temporary staff to help fill the gap.  In June, LIPA signed contracts with four temp-staffing and search firms to help fill the slots, each with a contract value of as much as $1.6 million, according to state records.  The firms, Tempositions of Manhattan, the Execu Search Group of Manhattan, Randstad North America of Wakefield, Maine, and Montco Inc. of East Brunswick, N.J., each have contracts extending to May 2016.  (Newsday - August 13, 2013)

Retail giant Target hosted a job fair August 15-17 with the goal of hiring about 250 workers for its new Huntington Station (Suffolk) store.  Target will open its 150,000-square-foot store with a "soft opening" on Oct. 9 and a grand opening event on Oct. 13. The mass retailer has to fill a wide range of jobs, both part-time and full-time, with many overnight posts as well as sales floor, cashier and some managing positions open, said Alan Yamaji, store team leader.  "We're hiring based on experience as well as having a fast, fun and friendly disposition," Yamaji said.  (Newsday - August 12, 2013)

Upscale supermarket Fresh Market, which is opening a 20,000-square-foot store in the high-end Woodbury Common shopping center in Woodbury (Nassau) sometime this fall, also has a varied list of 80 to 90 job openings and will host a career open house at the Four Points Sheraton in Plainview (Nassau) on Tuesday, September 3.  Attendees are required to apply online before the event at http://careers.thefreshmarket.com/; they should put "176" into the keyword search field.  (Newsday - August 12, 2013)

The Hauppauge (Suffolk)-based Northwind Group has acquired a 23-acre property on Sunrise Highway in Bayport (Suffolk) and won a zoning change that clears the way for a 148-unit senior living community to be built on the site.  The development will feature two- and three-bedroom townhomes for seniors, complete with garages, wide porches, steep roofs, pointed window arches and classical woodwork. A clubhouse fashioned after the historical Bayport Aerodrome will also be constructed and feature a kitchen, great room, stone fireplace, billiard room, meeting room, fitness center, library and business center, along with an indoor/outdoor pool, bocce court and putting green.  Developer Jim Tsunis said it will take about three years to complete construction of the community.  (LI Business News - August 12, 2013)

A well-established Planet Fitness franchisee has leased 24,500 square feet of space in the Sunshine Square shopping center in Medford (Suffolk) as part of a 20-year deal.  The owner and his team are currently gutting the inside of the property, which is about 50 percent larger than his Rocky Point (Suffolk) location.  The Medford Planet Fitness is slated to open in December.  It will be open 24 hours Monday through Friday, and 7 a.m. to 7 p.m. on the weekends.  (LI Business News - August 9, 2013)

Garden City (Nassau) high-tech incubator Webair features direct access to transatlantic fiber providing the best connection speeds to Europe of any U.S. data center.  The company itself employs 50, mostly technicians and hosts tech startups in search of space and mentoring, in exchange for access to the startups' brainpower.  Software developers Interconnecta and Clerk 123 and cyber security firm Integris Security currently share Webair's office, one of Long Island's busiest business accelerators.  (LI Business News - August 9, 2013)

The U.S. Chamber of Commerce in conjunction with several local groups will host a "Hiring Our Heroes" Job Fair for veterans from 10am to 1pm ("Employment Workshop" at 9am) on Wednesday, August 14 at the Farmingdale Armed Forces Reserve Center at 25 Baiting Place Road in Farmingdale (Suffolk).  See attached (printable) flyer for more details.  (USA Chamber.com - August 9, 2013)  http://www.uschamber.com/sites/default/files/veterans/Farmingdale.pdf

Swiss-German lingerie giant Triumph International will make its U.S. retail debut with two Long Island stores this month.  Triumph, which operates 2,100 stores worldwide, launches its U.S. expansion on August 15 with the opening of a store at the Walt Whitman mall -- now called Walt Whitman Shops -- in Huntington Station (Suffolk).  Its second U.S. store will open August 22 at the Roosevelt Field mall in Garden City (Nassau).  (Newsday - August 9, 2013)

Three Long Island tech startups received more than $12 million in venture capital funding this spring.  Most of the recent funding stems from the $10-million deal announced in May by Work Market Inc., a Huntington (Suffolk) company that runs an online system for businesses to manage their freelance and contract workers.  The investors included Softbank Capital of Newton, Mass., New York State's pension fund, Spark Capital of Boston and Union Square Ventures of Manhattan.  A second tech company, Parent Society, received $2.4 million from Greycroft Partners of Manhattan and an undisclosed firm. Launched in 2006, Parent Society runs a group of social networking and parenting websites, primarily for mothers.  The company is based in Lynbrook (Nassau), has an office in Manhattan and increased its staff in the last year from about 30 to 50, said Greg Byrnes, a co-founder.  The third investment went to IPVideo Corp. of Bay Shore (Suffolk), a company that produces video surveillance systems used by schools, corporations and government agencies.  It received an undisclosed amount from Westbury Partners of Hauppauge (Suffolk).  (Newsday - August 8, 2013)

PM Pediatrics, a Lake Success (Nassau)-based provider of urgent care for youngsters from newborns to college kids, said that as of Sept. 9 its six offices will be open Monday through Saturday from noon to midnight and on Sundays and some holidays from 10 A.M. to midnight.  That's a change from its current after-hours care available on weekdays from 5 p.m. to midnight and on holidays from noon to midnight.  PM Pediatrics' six locations include three on Long Island in Syosset (Nassau), Selden and North Babylon (both Suffolk), as well as one in Mamaroneck (Westchester), one in Queens and one in Livingston, N.J.  Two locations are slated to open in Brooklyn and North Brunswick, N.J.  PM Pediatrics made Modern Healthcare‘s listing of "Best Places to Work in Healthcare" for the last two years and last year was one of only two New York-based companies to make the list.  (LI Business News - August 7, 2013)

Buncee LLC, a Riverhead (Suffolk)-based tech startup, will be the newest tenant at Stony Brook University's business incubator in Calverton (also Suffolk).  The company runs a website that allows users to create multimedia presentations and share them on social media channels.  Clients have used Buncee to create educational lesson plans and business presentations, as well as more personal displays such as fashion advice and do-it-yourself projects.  The move to Calverton will give the startup access to the expertise and advice of Stony Brook professors as well as more convenient workspace.  For instance, the company will be able to take advantage of a shared conference room at the incubator as it begins offering workshops for professionals using its services.  (Newsday - August 8, 2013)

(Update) On August 5 Farmingdale Village (Nassau) trustees, after more than an hour of vocal public opposition, approved a 27-unit apartment complex near the village's Long Island Rail Road station.   Developer Staller Associates Inc. received approval for a special-use permit to build denser housing than zoning allowed at 285 Eastern Pkwy. The project will include the construction of a new 3½-story building and the conversion of an existing brick warehouse into apartments.  (Newsday - August 7, 2013)

Stony Brook University's Center for India Studies will be able to support an endowed chair, distinguished faculty and additional visiting professorships thanks to a $5 million gift from several donors.  The donations include a $1.25 million gift from Dr. Nirmal K. Mattoo, a $1.25  million permanent endowment from members of the Indian-American community and a $2.5 million matching gift from the Simons Foundation Challenge Grant, which had allocated money to match gifts that invest in the future of Stony Brook (Suffolk).  The donation is the largest ever given to a U.S. public university for India studies.  The donation will be used to attract a world authority on India as the Mattoo Chair in Classical Indic Humanities and will also fund permanent faculty positions, visiting professorships and postdoctoral fellows. The Mattoo Center will host distinguished lecture series, symposia and conferences.  The donation also will fund student scholarships, awards and research grants and increase study abroad opportunities in India. The gifts also provide for the expansion of Stony Brook's India reference library and its online and media resources.  (LI Business News - August 6, 2013)

As thousands of applications flow in for a very limited number of spots, Long Island medical schools are beginning to accept more students.  Hofstra North Shore-LIJ School of Medicine is welcoming 80 students in its newest class, growing the school to a total of 180 students.  It plans to accept another 100 students next year.  The Stony Brook University School of Medicine is gearing up to grow its next entering class from 124 to 132.  As one Stony Brook administrator said "We need more faculty members to teach more medical students."  (LI Business News - August 5, 2013)

Boston-based Second Time Around, the country's largest consignment retailer of designer clothing and accessories, opens its second store in Port Washington (Nassau) this week, after a successful six months at its first Long Island location in Huntington (Suffolk).  Unlike a thrift shop, which usually peddles donated goods to support charitable causes, a consignment shop takes in merchandise from individuals who are paid about half of the proceeds if and when their items are sold.  (LI Business News - August 5, 2013)

 

Business Contractions and Closings

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AOL Inc. is laying off up to half the workforce at its Patch local news sites and shuttering or consolidating roughly 150 of the 900 sites while looking for partners for others.  Up to 500 of Patch's 1,000 employees will be let go in the layoffs, which started on August 16 with 350 people getting pink slips.  In all the layoffs amount to about 9 percent of AOL's total workforce of 5,500.  (LI Business News - August 16, 2013)

(Update) The North Shore-Long Island Jewish Health System plans to keep some of its beds at Glen Cove Hospital in Glen Cove (Nassau) when it is converted to an ambulatory center, but how many and for what purpose has not been decided, the medical provider said August 14.  North Shore-LIJ spokesman Terry Lynam said it will keep some of the facility's beds certified by the state health department so the medical provider wouldn't need to go through the certification process again if down the road it wanted to use them.  (Newsday - August 15, 2013)

The North Shore-Long Island Jewish Health System plans to convert a maternity ward at Plainview Hospital into a surgical center by Nov. 1 because of declining births at the hospital, a spokesman confirmed August 13.The health care system called the move necessary, but some medical professionals said it would leave the area's expectant mothers poorly served.  Earlier this month North Shore-LIJ applied to the state Health Department to decertify the 15-bed maternity ward, spokesman Terry Lynam said.  (Newsday - August 14, 2013)

Rye Brook (Westchester) - based Paraco Gas Corp. is acquiring AmeriGas and the company's 12,000 accounts and equipment.  Paraco operates three distribution centers on the Island - in Riverhead, Bay Shore and Bohemia (all Suffolk) and employs over 80 workers.  On July 26, 2013 AmeriGas filed a WARN Notice advising its employees in Wyandanch, Riverhead and Ronkonkoma (all Suffolk) of the company's closing.  The company did not return a request for comment.  (Newsday - August 9, 2013)

(Update) Doctors at Glen Cove Hospital (Nassau) met on August 8 to discuss the impact on the community of the decision by administrators to eliminate inpatient beds and turn the hospital into an ambulatory care facility.  The closed-door meeting of about 100 doctors at the Glen Cove Mansion and Conference Center came after the North Shore-Long Island Jewish Health System announced a week and a half ago it would get rid of the hospital's inpatient beds in January.  (Newsday - August 9, 2013)

The Long Island Tech Mall, last year's much-hyped co-working space for technology startups, is shutting down as its founding company, Fuoco Tech, disbands.  The mall, carved out of a Hauppauge (Suffolk) office building last summer, covered almost 15,000 square feet at its peak and housed such familiar names as Secure Path Networks, RingLead and GroupGifting.com, not to mention the Long Island Software & Technology Network (LISTnet).  The Tech Mall had been approved for more than $60,000 in tax breaks from the Suffolk County Industrial Development Agency's Boost program (which provides economic development incentives for companies in information technology, life and bio sciences, green technology and energy) on promises that Fuoco Group would invest $200,000 to expand the space.  (LI Business News - August 2, 2013)

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