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Business Expansions and Contractions - Long Island Region July 2015

Business Expansions and Openings

Trophy Depot Inc., an assembler and online retailer of trophies in Edgewood (Suffolk County), has been awarded tax breaks for a planned $13 million relocation to a facility in Hauppauge (Suffolk County). The company has 52 employees and will be adding 16 after the project's completion.

 

EB at Holtsville, a division of developer Engel Burman Group of Garden City, plans to build a 140-unit Bristal Assisted Living facility with 150 beds on a vacant 5.14-acre property in Holtsville (Suffolk County). Construction is expected to take about two years and will create 230 jobs. The business would employ about 70 people and create an additional 20 positions for suppliers and other related companies.

 

Cornerstone at Farmingdale, a Delaware-based real estate and housing developer, plans to construct a 42-unit apartment building, 10 percent of which are affordable units, nearby the Farmingdale Long Island Rail Road Station (Nassau County). The project is expected to create 20 construction jobs and one direct permanent position, an on-site leasing manager, and is projected to contribute $21.4 million to the county’s economy. Construction on the projects is projected to start this fall and will be completed in summer 2016.

 

Teachers Federal Credit Union, Long Island's second-largest credit union, is midway through a 100-job hiring campaign begun in May. The hiring reflects a combination of expansion, replacement of retirees, summer interns and the switch-over to a new mainframe computer system. The Hauppauge (Suffolk County)-based credit union usually has about 20 jobs open at a given time from normal turnover. Teachers has about 650 employees now. Available part-time and full-time jobs on Teachers' website include assistant supervisor of teller operations, hardware technician, mortgage originator, receptionist and trust and financial services coordinator. The company also has open call-center and teller positions. President and chief executive Robert G. Allen said they will open 10 new branches on Long Island in the next five years. Business services has reached out to the company and is in contact with their HR unit.

NEFCU, a Westbury (Nassau County)-based credit union, has opened a branch in Huntington Station, its second in Suffolk County. NEFCU also operates 10 locations across Nassau County.

 

Enterprise Rent-A-Car plans to hire about 130 college grads this year. The starting management training salary is $44,500.

 

Accelerate Long Island and the Long Island Emerging Technologies Fund (LIETF) have announced an investment of $100,000 in Envisagenics, Inc, a Huntington (Nassau County)-based startup developing software to help drugmakers better analyze genomic data based on technology developed at Cold Spring Harbor Laboratory. Envisagenics is the ninth investment to date made by the Accelerate Long Island Seed Fund and the LIETF. The information provided by Envisagenics will assist biotechnology and pharmaceutical companies in reducing the time, cost, and failure risk of research and drug development activities. Envisagenics is actively seeking to fill two positions: a bioinformatics scientist and a software engineer and they hope to hire a few dozen more employees over the next year, contingent on financing. Business services has reached out to the company. They will be attending a career fair organized by the business services team for ex-employees of Forest Laboratories.

 

A new Wayback Burgers restaurant is slated to open in West Hempstead (Nassau County) this fall. It will be the chain’s third Long Island location.

 

Dallas-based restaurant chain Maggiano’s Little Italy will open its first Long Island location in Garden City (Nassau County) in November.  

Business Contractions and Closings

As part of the A&P bankruptcy, its second in five years, the company will be closing 25 locations that include five other Long Island stores, among them are Waldbaum’s stores in Riverhead (Suffolk County), Oceanside (Nassau County) and Carle Place (Nassau County), and Pathmark stores in Baldwin (Nassau County) and Centereach (Suffolk County). The closures would impact 472 workers, according to the WARN notice. Rapid response has been in contact with the company, but has been advised to hold off on scheduling orientation sessions by Leah Gonzalez. Several grocery chains are expanding in the region, including Stew Leonards and the Fresh Market, so redundant workers will likely be absorbed by other stores. The Stop & Shop supermarket chain has agreed to pay $146 million to acquire 25 stores owned by Great Atlantic & Pacific Tea Company, including nine Pathmark and Waldbaums stores on Long Island, according to a company statement. The Long Island stores included in the acquisition are Waldbaums in East Hampton (Suffolk County), Southampton (Suffolk County), Baldwin (Nassau County), Massapequa (Nassau County), Long Beach (Nassau County), and Huntington (Suffolk County). Long Island Pathmark stores in the deal include stores in Seaford (Nassau County) and Franklin Square (Nassau County). The fate of the 35 remaining Waldbaums and Pathmarks on Long Island that were not slated for closure or purchase by Stop & Shop remains up in the air. 

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