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Business Expansions and Contractions - Long Island Region February 2014

Business Expansions and Openings

The demolition of the former United Artists movie theater in Coram (Suffolk County) began in the first week of March.  It will make way for a new mixed-use development dubbed Wincoram Commons that combines 176 one-, two- and three-bedroom residences in mid-rise apartment buildings and townhomes with about 15,000 square feet of commercial space. A groundbreaking is scheduled for next month.  Wincoram Commons is also part of the Town of Brookhaven’s Blight to Light initiative.

 

Stony Brook University (Suffolk County) was among eight public colleges from across the state to be selected for START-UP NY.  Stony Brook plans to reserve 172,500 square feet of office and lab space, including 12,500 square feet at the Advanced Energy Research & Technology Center, for START-UP NY recipients.  It also could build on 240 acres.  On Long Island the program is limited to startups and high-technology businesses involved in industries such as biotechnology, advanced materials and information technology.

 

The Nassau County Industrial Development Agency approved economic incentives Wednesday to Lumber Earth Realty to turn an old lumber yard into a mixed-use residential and retail project in the Village of Roslyn.  As part of its public benefits package for the village, Lumber Earth will also create a boardwalk area by the Hempstead Harbor canal that runs behind the property, provide some land for public parking, and put $50,000 toward Roslyn’s parking trust fund.  The project is expected to create 40 construction jobs and 44 permanent jobs and be completed by the spring of 2016.

 

The Nassau County Industrial Development Agency has approved economic incentives for two redevelopment projects in the Village of Farmingdale.  The projects, proposed by Hauppauge-based Staller Associates, will bring 53 additional transit-oriented rental apartments to Farmingdale and inject $11 million into the local economy, according to a county statement.  Total cost of the two projects is $12.6 million and they’re expected to create 110 full-time construction jobs and 10 new permanent jobs.

 

Veeco Instruments Inc. will close its plant in Fort Collins, Colo., and offer about a third of that facility's 31 employees the opportunity to transfer to Plainview (Nassau County), a company spokesman said Tuesday.  Veeco, which makes equipment used by manufacturers of data storage devices, light-emitting diodes and other devices, said it plans to discontinue some products made in Colorado and move operations to Plainview, also the site of its corporate headquarters. The company didn't say whether employment in Plainview would grow beyond any employees who transfer.

Business Contractions and Closings

Staffing company Adecco will move its headquarters from Melville (Suffolk County) to Florida by the end of 2014.  The relocation will decrease Adecco’s Long Island workforce of roughly 450 to about 250.  Adecco spokeswoman Vannessa Almedia said relocation options have been offered to the vast majority of employees whose jobs will be moving to Florida.

 

Forest Laboratories Inc. has begun a cost-cutting effort that could lead to the elimination of 10 to 20 percent of its workforce on Long Island, according to a company spokesman.  The Manhattan-based company, which is known for developing branded prescription drugs, employs more than 600 people in its Commack and Hauppauge (Suffolk County) locations.

 

Long Island communities are in line to receive $240 million through a state program meant to make the region's infrastructure stronger after superstorm Sandy.  The money, provided by the U.S. Department of Housing and Urban Development, represents the first set of federal funds intended to address problems identified by grassroots efforts.  The South Shore communities of Long Beach, Oceanside and Freeport (Nassau County) have been slated to get the largest local shares of the money.  Jack Schnirman, Long Beach's city manager, said although his city needs far more in infrastructure upgrades, the initial grant "will result in significant shovels in the ground" for key projects, including those related to shoreline protection and drainage.  While a few Island resiliency projects have begun, such as elevating Long Island Rail Road equipment in Long Beach, the New York Rising Community Reconstruction Program marks the first attempt to give local communities a say in how some infrastructure money should be spent. Twenty-one NY Rising groups across Nassau and Suffolk submitted their first infrastructure-improvement proposals in October. Bay Shore's addition in the spring will bring that number to 22.

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