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Labor Statistics

Long Island Region, April 2006

Firm Expansions and Contractions

Business Expansions

Company County # Jobs Article Date Comments
"Small-town" development along Middle Country Road Suffolk 04-14-2006 Town of Brookhaven (Suffolk County) officials announced a plan to renovate a five-mile-long stretch of land along Middle Country Road (Route 25) between Coram and Ridge, one of the most dangerous stretches of road on Long Island. The land-use plan proposes creating mixed-use commercial centers with landscaped pedestrian walkways and greater density than typical suburban sprawl. Proponents hope these measures will give the new development a "small-town feel". The proposal includes incentives to encourage property owners to cooperate: greater density means higher profits – and higher property tax revenues. (Newsday – April 14, 2006)
Arrow Electronics Suffolk 04-04-2006 Melville (Suffolk)- based electronics manufacturer Arrow Electronics Inc. plans to hire 50 more workers on Long Island. (Newsday – April 4, 2006)
Comtech Telecommunications Suffolk 04-19-2006 Melville (Suffolk) – based Comtech Telecommunications Corp., has recently closed two big deals: a contract worth $3.2 million to provide components for a communications jamming system to an unnamed international customer and a second, $12.6 million order from the U.S. Army for its Movement Tracking System. (Long Island Business News – April 19, 2006)
Controlotron Inc. Suffolk 125 04-19-2006 German medical and electronics company Siemens Energy & Automation Inc. has acquired Controltron Inc. of Hauppauge (Suffolk), one of the world's largest manufacturers of flow measuring equipment, for $25 million. The German firm plans to retain the company’s 125 workers and continue operating the Hauppauge plant. (Newsday – April 19, 2006)
JP Morgan Chase & Co Nassau 100(Est.) 04-11-2006 JP Morgan Chase plans to build five new branches on Long Island this year. (Newsday – April 11, 2006)
Levitz Home Furnishings Suffolk 150(Est.) 04-05-2006 Levitz Furniture will open several new stores including two on Long Island in Valley Stream (Nassau), Farmingdale (Suffolk). (Newsday – April 5, 2006)
Long Island Hispanic Chamber of Commerce Nassau 04-01-2006 The Long Island Hispanic Chamber of Commerce received a grant of $500,000 to develop an incubator for Hispanic businesses to help them “expand and overcome language and cultural barriers.” (Newsday – April 1, 2006)
Lowe's Home Center Suffolk 150(Est.) 04-21-2006 Lowe’s plans to build a new home improvement warehouse on Route 110 in Farmingdale (Suffolk). The company is renting the site from New York Life for $1.52 per year. (Long Island Business News – April 21, 2006)
Photocircuits Corporation Nassau 850(Est.) 04-05-2006 UPDATE: American Pacific Financial Corp. of California acquired Glen Cove (Nassau) – based Photocircuits Corp. for $43 million, thereby rescuing the 55 year old company its 850 employees from bankruptcy. (Newsday – April 5, 2006) Citing stiff competition from Asia, particularly China, Photocircuits Corp., which touts itself as the worlds first printed circuit company, filed for Chapter 11 bankruptcy protection this month. The company, which tallied sales of $235 million in 2004, has fallen far off that pace this year and has already laid off 70 people at its of Glen Cove (Nassau County) headquarters. The company's future is uncertain. (Long Island Business News, October 14-20, 2005)
Riverhead Building Supply Corp Suffolk 04-21-2006 Riverhead Building Supply Corp plans to build a massive headquarters, manufacturing and distribution facility on 32 acres in the Riverhead’s Enterprise Park in Calverton (Suffolk) for about $6 million. (Long Island Business News – April 21-27, 2006)
Telephonics Corporation Suffolk 100(Est.) 04-27-2006 UPDATE: Farmingdale (Suffolk) – based Telephonics Corp, one of Long Island’s largest defense-electronics contractors, said it received a second contract of $54 million from Syracuse Research Corp to help develop a device that will defeat roadside bombs. The project could add as many as 100 new jobs in the next year. The U.S. Army awarded a $550.3 million contract to Syracuse Research to produce, field and support such a device. (Newsday – April 27, 2006) Farmingdale (Suffolk) – based Telephonics Corp. has won a contract to develop a device that will combat roadside bombs that could add 100 new jobs and $150 million in sales. (Newsday – November 15, 2005) The company has also won a $20 million order from the U.S. Navy for aircraft communications systems. (Long Island Business News – November 18-24, 2005)
11 rows retrieved.


Business Contractions

Company County # Jobs Article Date Comments
Arrow Electronics Suffolk 35 04-04-2006 Arrow Electronics Inc. plans to transfer 110 administrative finance jobs to a company called Infosys Technologies Ltd. as part of an internal efficiency program called "Lean Sigma". The cuts affect thirty-five jobs on Long Island. Newsday – April 4, 2006)
Brooks Eckerd Pharmacy Suffolk 150(Est.) 04-10-2006 Brooks Eckerd Pharmacy is closing its "piece pick" operation (where individual items are picked out and shipped to regional pharmacies) in Bohemia (Suffolk County) and laying off about 150 over the next few months. The company will lay off 59 employees on June 9th and the remaining 90 or so by early August. The Bohemia warehouse will remain open as a bulk/seasonal distribution center. (WARN - April 10, 2006)
Clintrak Clinical Labeling Suffolk 64 04-12-2006 Fisher Scientific International Inc., a New Hampshire company, bought Clintrak Pharmaceutical Services, a Bohemia (Suffolk) – based printer for pharmaceutical and biotechnology companies, for $125 million in cash. The companies did not mention what effect the aquisition might have on Clintrak's work force. (Long Island Business News – April 12, 2006)
JP Morgan Chase & Co Nassau 04-11-2006 JP Morgan Chase & Co. announced that its acquisition of most of the Bank of New York's branches will not result in many layoffs in the tri-state area, although it intends to close "about 50" of them. Chase will merge it 74 branches in Nassau and Suffolk and 239 in the city with BONY's 85 on Long Island and 36 in NY City beginning next spring. It was not clear how many of the "about 50" branches to be closed are on Long Island. (Newsday – April 11, 2006)
New York Jets Nassau 250(Est.) 04-16-2006 The New York Jets football team is moving its training facility and corporate offices from Hofstra University in Hempstead (Nassau County) to a new 20-acre site in New Jersey. The move will cost Long Island about 250 jobs. (New York Times – April 16, 2006)
5 rows retrieved.

Run Date: 05-17-2006

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