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Labor Statistics

Long Island Region, March 2006

Firm Expansions and Contractions

Business Expansions

Company County # Jobs Article Date Comments
"Insourcing" Nuclear Technology to India Suffolk 03-08-2006 In a development that turns traditional outsourcing on its head Long Island firms may benefit from an agreement to give India access to U.S. nuclear fuel, technology and information. Although few Long Island companies deal directly with nuclear technology, makers of software, semiconductors and medical equipment - as well as the Brookhaven (Suffolk) National Laboratory - are all expected to benefit from the agreement. (Newsday – March 3, 2006)
Adelphi University Nassau 03-15-2006 Garden City (Nassau) –based Adelphi University announced a three-year, $94 million building expansion on campus. The school will upgrade classrooms, rehearsal and performance spaces, and recreational and athletic facilities. Groundbreaking will take place in June 2006. (Newsday – March 15, 2006)
Apollo Real Estate: Riverhead Downtown Development Suffolk 03-08-2006 The Riverhead (Suffolk) Town Board voted on March 7th to open negotiations – expected to take 45-60 days - with Manhattan-based Apollo Real Estate Advisors to rebuild the downtown business district. Apollo proposes developing a 12.5 acre area around East Main Street, more than half of which will be made into open space, park-land and a man-made lake for winter skating. The project would also include a 14-screen multiplex, a supermarket, 100 residential units and office buildings, and 30,000 square foot mixed use building by the Peconic river. (Newsday – March 8, 2006)
Computer Associates Suffolk 03-21-2006 According to an Indian business publication, CA Inc. - formerly Computer Associates - is planning to double the staff at its software development center in Hyderabad, India to more than 2,500 – more than the approximately 2,225 who work at the company's Islandia (Suffolk) headquarters. The article did not mention any layoffs on Long Island. (Newsday – March 21, 2006)
EDO Corporation Suffolk 03-28-2006 North Amityville (Suffolk) – based EDO Corp. was selected by Lockheed Martin for an $11.7 million sub-contract to produce radar and radio frequency distribution systems for the U.S. Coast Guard. (Long Island Business News – March 28, 2006)
Enterprise Park Calverton Suffolk 03-16-2006 (Update) The Riverhead (Suffolk) Town planning board approved a plan on March 16 to subdivide a 500-acre parcel of land at Enterprise Park Calverton (Suffolk). Developers expect that this approval will jump start more construction and business expansion; it follows years of delay since the property was first transferred from the Navy to the Town in 2001. (Newsday March 16, 2006)
NYS Homeland Security Center Nassau 2000(Est.) 03-19-2006 Senate and business officials plan to build a $21.1 million public-private facility in Bethpage (Nassau) to design and manufacture products for homeland security. The New York State Center for Innovation and Excellence in Homeland Security will be “the first of its kind in the state, if not the country”. Officials said they hope to break ground by year end. (Newsday – March 9, 2006)
Nassau Coliseum/Hub Development Nassau 03-17-2006 (Update) The team composed of Computer Associates founder and former CEO Charles Wang and Scott Rechler’s Reckson Associates real estate firm has won the bid to renovate the Nassau Coliseum and develop 77 acres of prime county land around the coliseum. The go-ahead from Nassau County Executive Thomas Suozzi calls for a $1.6 billion project, including a 22-story apartment tower, hotels, a stadium for minor league baseball, a sport technology center and a convention center. (Newsday – March 17, 2006)
Orbit International Corp. Suffolk 03-22-2006 Hauppauge (Suffolk) – based electrical components manufacturer Orbit International Corp. has made a $700,000 deal to make cockpit devices for the Swedish military. (Long Island Business News – March 22, 2006)
Splish Splash Suffolk 900(Est.) 03-21-2006 A Manhattan and London-based investor group called MidOcean Partners plans to buy Palace Entertainment, the company that operates Splish Splash waterpark in Riverhead (Suffolk) and 31 other parks in 8 states, for $200 million. MidOcean promised to open a large, new ride at Splish Splash this summer. The park has been instrumental in attracting tourists to Riverhead, according to Town Supervisor Philip Cardenale. (Newsday – March 21, 2006)
Stony Brook University Suffolk 03-28-2006 Stony Brook (Suffolk) University paid former helicopter manufacturer Gyrodyne Corp. of America $26.3 million for the 246 acres it seized in St. James (Suffolk) in November. The university plans to build a research park anchored by a 100,000-square-foot Center for Excellence in Wireless and Information Technology on the land. (Long Island Business News – March 28, 2006)
11 rows retrieved.


Business Contractions

Company County # Jobs Article Date Comments
Eight in One Pet Products, Inc. Nassau 223 03-01-2006 Hauppauge (Suffolk)-based Eight in One Pet Products, Inc. will lay off 223 employees on May 5, 2006 and close its doors on June 30, 2006. (WARN – March 1, 2006)
North Fork Bancorp Suffolk 03-13-2006 Melville (Suffolk) – based North Fork Bancorp, Long Island’s largest bank in terms of deposits with 360 branches throughout New York and New Jersey, is being acquired by Capital One for $14.6 billion. A Capital One spokesman predicted some “cost saving synergies”. (Newsday - March 13, 2006)
Robert Plan of New York Corporation Nassau 177 03-01-2006 On February 28, 2006 Bethpage (Nassau)-based Robert Plan of New York Corporation, a leading provider of policy and claims administration services to insurance companies, laid off 177 people. (WARN – March 1, 2006)
3 rows retrieved.

Run Date: 04-11-2006

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