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  • Long Island Region, November 2011

Long Island Region, November 2011

BEAC Current News Report

Business Expansions

Company County # Jobs Article Date Comments
BWD Group Llc Nassau 20(Est.) 11-10-2011 Brokerage firm BWD Group Llc opened its new headquarters in Plainview (Nassau County) with the help of Nassau’s Industrial Development Agency (IDA). The IDA provided a $475,000 break on sales tax for equipment purchases and a 15-year payment-in-lieu-of-taxes agreement, for relief on property tax bills. The company considered moving to Pennsylvania, where it has satellite operations, but assistance provided by IDA changed their decision. BWD said it expects to add about 20 people to the payroll over the next five years. (Newsday – November 10, 2011)
Best Yet Market Suffolk 75(Est.) 11-02-2011 Grocery store Best Yet Market will soon open in the Swan Nursery Commons on the site of the former Waldbaum's supermarket in Patchogue (Suffolk County). (http://Patchogue.Patch.com, 11/02/2011).
CPI Aerostructures Inc. Suffolk 80 11-10-2011 CPI Aerostructures Inc., an Edgewood (Suffolk County) defense contractor, promised to create 80 jobs on Long Island in return for $900,000 in tax incentives, Empire State Development Corp. said Thursday. CPI Aero makes parts for military and civilian helicopters and airplanes, specializing in wing edges. In the incentive deal, the company agreed to employ 80 new full-time workers by June 30, 2015, and retain 142 existing jobs and as part of the agreement, CPI Aero must maintain that level of employment through 2022. In a news release on CPI Aero, state officials said the deal would "prevent [the company] "from relocating to a larger facility in Georgia or North Carolina." (Newsday/November 10, 2011)
Hofstra University Nassau 100(Est.) 11-04-2011 Hofstra University in Hempstead (Nassau County) will once again host a presidential debate in the run-up to next fall’s election. Local restaurants, bars and hotels, all feeling the pain of a down economy, are all expected to see a short-term revenue boost as a result. (LI Business News, 11/04/2011)
Netsmart Technologies Suffolk 360(Est.) 11-06-2011 Medical software developer Netsmart Technologies of Great River (Suffolk County) hopes to create up to 360 jobs in Suffolk County within five to seven years. The company plans to expand its Great River office, where about 180 people now work developing software used by mental health institutions, drug treatment programs and public health clinics. "We are hiring people on Long Island as fast as we can," an official said. (Newsday, 11/06/2011)
Piping Rock Health Products Llc Suffolk 200(Est.) 11-03-2011 A new manufacturer of health products plans to create 200 jobs in Suffolk County over the next five years, officials said yesterday. Piping Rock Health Products Llc is buying two buildings in Babylon and Islip towns that it will convert into factories, an office and warehouse. The company will spend $21 million to purchase, renovate and equip the buildings, where production will start in about a year. The company will initially sell jam and jellies beginning in January and then expand into health products later in 2012. Scott Rudolph, president of Piping Rock Health Products Llc said the company will sell merchandise through its website and catalogs; no retail stores are planned. (Newsday, November 11, 2011)
Telephonics Corporation Suffolk 11-18-2011 Farmingdale (Suffolk County) – based Telephonics Corp. is in contract with Mahindra & Mahindra, an Indian corporate firm to build aerospace surveillance and radar systems for the military. The company will also develop an air traffic management system for India's commercial air transit system and homeland security agencies. (Newsday, November 18, 2011)
Winthrop University Hospital Nassau 45(Est.) 11-16-2011 Winthrop-University Hospital plans to break ground in March on a new $65-million research pavilion in downtown Mineola (Nassau County) to expand its work on diabetes and obesity. A hospital spokesman said other initiatives, including research on cardiopulmonary disease, Lou Gehrig's disease and neurological research, will be consolidated at the institute. The center, just north of the Mineola Long Island Rail Road station, is expected to create 45 jobs. Construction is expected to take about two years. (Newsday, November 16, 2011)
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Business Contractions

Company County # Jobs Article Date Comments
Lowe's Suffolk 200(Est.) 11-02-2011 Home-improvement giant Lowe's will not be building in Huntington Station (Suffolk County) after all. The company had planned a 103,000-square-foot store and a 26,500-square foot garden center for the vast site formerly occupied by the iconic Huntington Townhouse, which closed in 2007. The Huntington Station store would have been Lowe's 66th in the state. The company had said it expected to create about 125 jobs with the new site. (http://huntington.patch.com, November 2, 2011)
Nassau University Medical Center Nassau 175 11-15-2011 Nassau University Medical Center (NUMC) in East Meadow laid off 175 workers – including 15 doctors - on November 16. The layoffs follow the retirements of 77 hospital workers including 26 nurses and one physician. In addition to layoffs, NUMC will cut $10 million in contract costs, eliminate $6 million in overtime and negotiate $4 million in givebacks from doctors. (Newsday, November 15, 2011)
North Bellmore Union Free School District Nassau 80(Est.) 11-16-2011 A citizens’ advisory committee recommended on November 16 that North Bellmore (Nassau County) close its Jacob Gunther Elementary School next year to save $1 million. The district is made up only of elementary schools and its 2,100 students go on to middle and high school in the Bellmore-Merrick Central High School District, which also draws kids from the Bellmore, Merrick and North Merrick elementary districts. The proposal now goes to North Bellmore school board, which could make a decision by Dec. 8. (newsday.com, November 16, 2011)
Syms Nassau 117 11-09-2011 Clothing retailer Syms Corp filed a WARN notice advising of two store closings on Long Island. Syms has 46 stores in the tri-state area. The company will lay off 65 workers at Syms Clothing/Filene’s Basement in Westbury and 52 at Filene’s Basement in Manhasset (both Nassau County). (WARN, November 9, 2011)
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Run Date: 01-26-2012

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