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Company
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County
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# Jobs
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Article Date
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Comments
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"Small-town" development along Middle Country Road
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Suffolk
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04-14-2006
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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)
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Arrow Electronics
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Suffolk
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04-04-2006
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Melville (Suffolk)- based electronics manufacturer Arrow Electronics Inc. plans
to hire 50 more workers on Long Island. (Newsday – April 4, 2006)
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Comtech Telecommunications
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Suffolk
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04-19-2006
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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)
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Controlotron Inc.
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Suffolk
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125
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04-19-2006
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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)
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JP Morgan Chase & Co
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Nassau
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100(Est.)
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04-11-2006
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JP Morgan Chase plans to build five new branches on Long Island this year.
(Newsday – April 11, 2006)
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Levitz Home Furnishings
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Suffolk
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150(Est.)
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04-05-2006
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Levitz Furniture will open several new stores including two on Long Island in
Valley Stream (Nassau), Farmingdale (Suffolk). (Newsday – April 5, 2006)
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Long Island Hispanic Chamber of Commerce
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Nassau
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04-01-2006
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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)
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Lowe's Home Center
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Suffolk
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150(Est.)
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04-21-2006
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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)
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Photocircuits Corporation
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Nassau
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850(Est.)
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04-05-2006
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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)
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Riverhead Building Supply Corp
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Suffolk
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04-21-2006
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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)
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Telephonics Corporation
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Suffolk
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100(Est.)
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04-27-2006
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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)
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11 rows retrieved.
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Company
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County
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# Jobs
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Article Date
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Comments
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Arrow Electronics
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Suffolk
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35
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04-04-2006
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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)
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Brooks Eckerd Pharmacy
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Suffolk
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150(Est.)
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04-10-2006
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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)
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Clintrak Clinical Labeling
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Suffolk
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64
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04-12-2006
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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)
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JP Morgan Chase & Co
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Nassau
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04-11-2006
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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)
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New York Jets
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Nassau
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250(Est.)
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04-16-2006
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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)
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5 rows retrieved.
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