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Business Expansions and Contractions - Long Island Region

Business Expansions and Openings

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Less than six months after its inception, the Long Island Tech Connected Organization Mentoring Exciting Tech Start-ups (COMETS) program has named its inaugural class.  Three local technology startups, Mobitrons, Clerk 123 and Interconnecta, will now be housed in the Long Island Tech Mall in Hauppauge (Suffolk County), surrounded by several established tech companies. The three companies were selected from a pool of more than 20 applicants. The COMETS board heard presentations from nine finalists before agreeing on the three winners today.  Mobitrons is a software application developer for mobile systems, while Clerk 123 is a provider of instant document search, retrieval and storage from anywhere. Interconnecta creates marketing software to generate more leads for businesses.  The three companies will be given office space for six months starting in January, and each company will receive free software and services, including advice from lawyers, accountants, business professionals and fellow technology entrepreneurs. (LI Business News - November 30, 2012)

Hauppauge (Suffolk County)-based Globecomm Systems has been awarded a second-year option as part of a five-year contract from the U.S. government, valued at $6.8 million.  The option follows a $6 million in contracts from the government agency, bringing the combined contract value to $12.8 million.  Under the terms of the contract, Globecomm will provide information technology services, voice over IP, satellite television, WAN optimization, program management, operations and maintenance, storage, distribution and network connectivity. (LI Business News - November 30, 2012)

Stony Brook (Suffolk County)-based Applied DNA Sciences has entered into a securities purchase agreement with Crede CG II, an institutional investor, worth $7.5 million.  Applied DNA has expanded its plant and staff in order to accommodate the growth.  Applied DNA Sciences is the producer of SigNature DNA, an anti-counterfeiting measure that coats products with botanical DNA that is used to test for authentication. (LI Business News - November 30, 2012)

Long Island's burgeoning craft beer scene will be getting increased attention beginning today when Hoptron Brewtique opens its doors on Main Street in Patchogue (Suffolk County).  Neither a brewery nor a bar, Hoptron will be a craft beer growler shop with a tasting center tavern where patrons can sample local suds. (LI Business News - November 30, 2012)

The Career Institute of Health & Technology has leased 18,700 square feet at 400 Oak St. in Garden City (Nassau County).  The 350-student vocational school currently operates in about 15,000 square feet split between two floors at its current location at 200 Garden City Plaza. (LI Business News - November 30, 2012)

Less than six months after its inception, the Long Island Tech Connected Organization Mentoring Exciting Tech Start-ups (COMETS) program has named its inaugural class.  Three local technology startups, Mobitrons, Clerk 123 and Interconnecta, will now be housed in the Long Island Tech Mall in Hauppauge (Suffolk County), surrounded by several established tech companies. The three companies were selected from a pool of more than 20 applicants. The COMETS board heard presentations from nine finalists before agreeing on the three winners today.  Mobitrons is a software application developer for mobile systems, while Clerk 123 is a provider of instant document search, retrieval and storage from anywhere. Interconnecta creates marketing software to generate more leads for businesses.  The three companies will be given office space for six months starting in January, and each company will receive free software and services, including advice from lawyers, accountants, business professionals and fellow technology entrepreneurs. (LI Business News - November 30, 2012)

Less than six months after its inception, the Long Island Tech Connected Organization Mentoring Exciting Tech Start-ups (COMETS) program has named its inaugural class.  Three local technology startups, Mobitrons, Clerk 123 and Interconnecta, will now be housed in the Long Island Tech Mall in Hauppauge (Suffolk County), surrounded by several established tech companies. The three companies were selected from a pool of more than 20 applicants. The COMETS board heard presentations from nine finalists before agreeing on the three winners today.  Mobitrons is a software application developer for mobile systems, while Clerk 123 is a provider of instant document search, retrieval and storage from anywhere. Interconnecta creates marketing software to generate more leads for businesses.  The three companies will be given office space for six months starting in January, and each company will receive free software and services, including advice from lawyers, accountants, business professionals and fellow technology entrepreneurs. (LI Business News - November 30, 2012)

Nine businesses on Long Island on Long Island have received more than $1 million collectively through the U.S. Small Business Administration (SBA)'s federal disaster loan program.  The loans come roughly a month after Hurricane Sandy ravaged Long Island and the rest of the East Coast.  Four businesses in Nassau received loans totaling $814,900, while five businesses in Suffolk received loans totaling $280,200, according to data provided by SBA officials Wednesday evening.  Those loans differ from the regular disaster recovery loans the agency has been providing to residents who have lost their homes and belongings in the storm. The SBA has approved 211 Nassau residents for loans totaling $16 million, while 105 were approved in Suffolk for $8.98 million.  Business owners must first register with the Federal Emergency Management Agency to become eligible for an SBA disaster loan. (LI Business News - November 29, 2012)

DSW, a footwear and accessories retailer, has opened a 21,500-square-foot store in Riverhead (Suffolk County), replacing a former Borders book store.  The Riverhead store, which opened on Nov. 20, is the 8th DSW location on Long Island and the 39th new store opened by the chain this year. (LI Business News - November 29, 2012)

The Woodbury Mens Shop, a luxury retailer featuring everything from jeans to tuxedos, opened November 26 in the Woodbury Town Plaza on Jericho Turnpike in Woodbury (Nassau County). (Newsday - November 28, 2012)

Melville (Suffolk County)-based Comtech Telecommunications Corp. announced it has received a purchase order from the U.S. Marine Corps worth $2.7 million.  Under the terms of the deal, Comtech will supply the Marine Corps with modem upgrade kits to boost its existing modem system of troposcatter terminals to 16 megabits per second.  Officials for Comtech said the modems include automatic power control, allowing for lower transmitted power when communication channel conditions permit, reducing the risk of unfriendly intercept and interference with other communications. (LI Business News - November 28, 2012)

Dallas-based BoltBus has announced it will be launching nonstop bus service between Long Island and Manhattan beginning Dec. 10.  BoltBus will provide 14 daily round trips between two locations in midtown Manhattan and three locations on Long Island, including Huntington, Ronkonkoma and Riverhead (all Suffolk). Buses will feature a slew of amenities including leather seats with extra legroom, free Wi-Fi and power outlets for charging electronic devices. (LI Business News - November 27, 2012)

Melville (Suffolk County)-based Comtech Telecommunications Corp. has received a $1.2 million purchase order for satellite modems and demodulators from a major, unnamed systems integrator.  The infrastructure equipment will be used to support a global satellite-based network, supplementing an installed base of other Comtech equipment previously supplied to the customer. (LI Business News - November 27, 2012)

New York will seek $32 billion in federal disaster aid from Congress for superstorm Sandy - including $6.6 billion for Nassau County and nearly $1.8 billion for Suffolk County.  The breakdown of recovery costs for Long Island includes nearly $5 billion for housing - $4 billion of that for Nassau.  Nearly $1 billion in recovery costs is being sought for businesses - roughly an even split between Suffolk and Nassau. (Newsday - November 27, 2012)

Ronkonkoma (Suffolk County)-based supplement and vitamin maker NBTY Inc. announced it has acquired Balance Bar Co. Balance Bar, based in upstate Valhalla (Westchester County), makes and distributes nutritional energy bars. (Newsday - November 27, 2012)

On Eastview Drive in Central Islip, future baseball fields are being seeded, watered and prepared for the spring 2013 season.  After Central Islip Little League is situated on its new $2 million fields, developer Andy Borgia says he will turn its old lot -- about half a mile west on Carleton Avenue -- into the 300,000-square-foot indoor/outdoor Ultimate Game Sports Complex.  A condition of the town's decision in 2010 to lease the land to Borgia to build there was that he provide the Little League a new home.  The 36-acre, $43 million sports complex will have private indoor and outdoor fields for baseball, soccer, lacrosse and football and a day care center and food court. It's being billed as a regional attraction, and has been named as a possible future home for the Long Island Lizards lacrosse team. (Newsday - November 26, 2012)

Per-capita personal income on Long Island grew an average of 3 percent last year compared with 2010, according to data released Monday.  The federal Bureau of Economic Analysis estimated the typical Nassau County resident earned $67,776 in 2011, an increase of $2,111 over the previous year.  The typical Suffolk County resident had income of $52,350 last year, up $1,640 from 2010. (Newsday - November 26, 2012)

Lake Success (Nassau County)-based Canon U.S.A. announced today it has been awarded a two-year contract to provide its digital radiography system to Banfield Pet Hospital locations in North America and South America, including 770 in the United States and six on Long Island. The radiography systems integrate into existing X-ray systems and produce on-screen preview images within three seconds after exposure, making veterinary visits more efficient. (LI Business News - November 26, 2012)

Melville (Suffolk County)-based dental equipment giant Henry Schein has signed a deal to market a wide range of dentistry publications produced by German firm Quintessence Publishing and to co-sponsor a symposium on oral health in February of 2014 in San Diego, (LI Business News - November 26, 2012)

A Long Island consortium received $800,000 in state funds to come up with a plan to make the region more environmentally and economically sustainable.  The funding represents Phase I of the $100 million Cleaner, Greener Communities program, which Gov. Andrew Cuomo announced in his 2011 State of the State address. Through competitive grants, the CGC program will reward regional economic development regions across the state that come up with comprehensive smart growth plans. The goals of the program are to reduce pollution, improve energy efficiency and create jobs. (LI Business News - November 21, 2012)

 Stony Brook University is hiring 25 faculty as part of a plan to hire 250 over five years as it launches inter-disciplinary programs designed to break down barriers between study areas.  The university on Tuesday said it approved five of 36 proposals to create interdisciplinary clusters, which will lead to the addition of 25 faculty in the first round of hiring for its interdisciplinary initiative.  The school said the faculty will work in political economy, biomolecular imaging, coastal zone management and engineering, photon science and smart energy technology. (LI Business News - November 21, 2012)

As Nassau County picked a builder to develop the nearly vacant 77 acres of the Nassau Hub in Uniondale, County Executive Edward Mangano is also seeking advice from developer Bruce Ratner, who built the Barclays Center in Brooklyn, on the future of the aging Coliseum.  At a Mineola news conference Tuesday, Ratner -- who wooed the Islanders to play in Brooklyn -- said he will spend the first half of 2013 assessing the Coliseum. He said he will see if it can be transformed into a competitive, more viable arena, through better marketing, potential sponsorships and possible renovations. He said he is doing the study for free.

Mangano tasked Donald Monti, who heads Renaissance Downtowns in Plainview (Nassau County), with overseeing the development of the rest of the 77-acre site. Monti, who had applied to become the site's master developer through the county's Request for Qualifications process, will partner with RXR Realty's Scott Rechler, who previously tried to develop the same site with Islanders owner Charles Wang. (Newsday - November 20, 2012)

Home Depot announced today that the company is hiring 500 associates for its stores in the Metro New York and New Jersey areas, including Long Island, because of the impact of Superstorm Sandy.  The Atlanta-based company said its temporary positions include sales associates, lot associates and cashiers. Home Depot locations that are hiring include stores on Long Island and in Staten Island, Brooklyn, Queens and the Jersey Shore area.  Job candidates can apply at http://careers.homedepot.com/ (Newsday - November 15, 2012)

 

Previously Reported

In response to a mandate in the federal Affordable Care Act, New York State is taking steps to establish The New York Health Benefit Exchange, a federally subsidized, statewide health insurance exchange by 2014.  The exchange is intended to extend coverage to the uninsured and reduce costs for individuals, small businesses and local governments.  Governor Cuomo created the exchange by executive order last April after a legislative proposal ran into opposition in the Republican-controlled state Senate.  New York has an estimated 2.7 million uninsured among roughly 19 million residents.  The State Health Department estimates the exchange will enroll about 1.1 million people. (LI Business News - November 16, 2012)

Federal officials have approved a disaster declaration clearing the way for assistance for the fishing industry hurt by Sandy in New Jersey and New York.  The declaration allows Congress to provide emergency funds.  It's not yet clear what kind of financial assistance will be available.  Sandy damaged or destroyed vessels, ports, facilities and equipment.  It also left coastal areas severely damaged or inaccessible. (LI Business News - November 16, 2012)

Hauppauge (Suffolk County)-based Contract Pharmacal has received a capital grant of $1.05 million from Empire State Development.  The company, founded in 1971, had been considering relocating to Florida. Instead it will use the state money to help fund acquisition and installation of new machinery and equipment at its Hauppauge offices, according to a statement.  Contract Pharmacal develops, manufactures and packages pharmaceuticals, over-the-counter drugs and dietary supplements for pharmaceutical companies, retailers and wholesalers.  The upgrades and expansion to its operations here will help retain 457 jobs and create 168 new ones within the next few years, the statement said.  The money was part of $24.9 million in ESD funding to businesses throughout the state. (LI Business News - November 15, 2012)

Jericho (Nassau County)-based Metropolitan Realty Associates, and its Manhattan-based equity partner, Angelo, Gordon & Co., bought a half-empty office complex in Great River (Suffolk County) for $22 million six years ago.  Since then they have expanded the office park, redeveloped an old warehouse on the site into a 161,000-square-foot office building, breaking ground on the project in June 2008.  Occupancy at the Great River property eventually climbed past 95 percent - at least 10 percentage points better than Long Island's current average occupancy rate - and Metropolitan is now in contract to sell the 388,500-square-foot office complex to the Feil Organization for $50 million.  "If you own an office building on Long Island and it is professionally marketed and managed, you will lease that product," the owner said. (LI Business News - November 15, 2012)

Gov. Andrew Cuomo is set to announce a new program using federally-paid contractors to do basic, critical work so victims of Superstorm Sandy can stay in, or return to, their damaged homes during major repairs.  The Federal Emergency Management Agency will assign contractors, who will be reimbursed by FEMA.  New Yorkers need to contact their city or county government to take part in the Emergency Assistance program.  Cuomo asked for the program so New Yorkers can safely stay in their homes and avoid living in temporary shelters while work is being done.  The immediate repairs include fixing electric meters and exterior damage, replacing doors, putting tarps on roofs, and other minor structural and electric work.  The program is available in counties with federal disaster declarations. (LI Business News - November 14, 2012)

The number of home sales on Long Island continued to rise last month.  There were 1,722 homes contracted for sale in Nassau and Suffolk counties in October, according to an online real estate database. That's 12 percent more than the 1,537 homes put into sales contracts in October 2011.  Slow sales due to the effects of Hurricane Sandy will cut into those gains this month, however. In the 15 days following the storm, there were 496 homes contracted for sale in Nassau and Suffolk, 36 percent fewer than the 771 sold in that same period a year ago.  The number of homes listed for sale keeps decreasing. The inventory of homes listed for sale in Nassau and Suffolk now numbers 18,272, or about 19 percent fewer than the inventory of 22,524 homes for sale in November 2011. (LI Business News - November 14, 2012)

Hauppauge (Suffolk County)-based Globecomm Systems has received a contract from the NATO Communications and Information Agency valued at $4.5 million to upgrade the agency's GPS-based force tracking system.  The order is a follow-on to a previous $61.3 million award Globecomm won from NATO for the design and installation of the GPS FTS, bringing the combined contract value to about $65.8 million. The FTS allows NATO to identify where its personnel are located at all times as well as other multinational forces, preventing instances of friendly fire. (LI Business News - November 14, 2012)

As part of a push to boost business lending, Suffolk Bancorp, the parent company of Suffolk County National Bank, today opened a loan office in Melville (Suffolk County), its westernmost location.  The Riverhead (also Suffolk)-based bank is staffing the office, which opened November 13 at 290 Broadhollow Road, Suite 100E, with seven lenders divided into two new lending teams, focusing on western Suffolk and Nassau counties. (LI Business News - November 13, 2012)

A new special interest group, created by Angel Dough Ventures founder Andrew Hazen in conjunction with the Long Island Software and Technology Network (LISTNET), will aid would-be entrepreneurs with information and guidance on business formation, product/service development, funding and marketing.  All advice will be provided by local entrepreneurs like Hazen who have successfully brought their ideas to market, as well as experts from other fields such as law.  Hazen said it's his hope the special interest group helps to create a series of new startup companies in the region.  The group's first meeting at 8 a.m. on Dec. 11 at the offices of Uniondale (Nassau County)-based Ruskin Moscou Faltischek. (LI Business News - November 13, 2012)

Woodbury (Nassau County)-based CLK Commercial Properties has just signed a new lease at 240 Crossways Park Drive West with an unnamed medical tenant for 7,116 square feet, which brings its occupancy to 100 percent.  The landlord has begun renovations to the property, including exterior and HVAC upgrades, and anticipates occupancy sometime in the second quarter of 2013. (LI Business News - November 13, 2012)

Demand on Long Island has surged for storage containers and construction trailers typically used as temporary offices for workers, as residents seek places to put their possessions removed from homes damaged by Hurricane Sandy.   One company, Mobile on Demand Storage of New York with two locations in Suffolk County, East Patchogue and Deer Park, said it has provided 200 storage containers and 30 temporary offices within the past ten days, depleting their inventory.  It now has a wait list of 100 people.  FEMA and contractors working on projects also are ordering trailers.  The Town of Hempstead and Village of Island Park are also using temporary offices, due to damage to their buildings as well as homes and businesses.  Mod Space in Farmingdale (Nassau County) said most of the calls are coming from Massapequa, Long Beach and Oceanside (all Nassau). (Long Island business News - November 9, 2012)

The New York State Department of Labor announced today it is looking for workers to clean up damage on Long Island and in New York City caused by Hurricane Sandy.  The state's labor department received a national emergency grant to hire temporary employees to perform work such as debris removal, roadway clearing, buildings and grounds cleanup, and other duties as needed.  Hired laborers will receive up to $14.89 per hour, working 35 hours per week for up to six weeks. Employees can select where they would prefer to work, including Nassau, Suffolk, Westchester and Rockland counties, as well as New York City's five boroughs.  Interested persons should apply for the temporary work program through the New York State Department of Labor's website  https://labor.ny.gov/secure/neg/2012-hurricane-sandy-form.asp. (LI Business News - November 9, 2012)

Long Island's first Shake Shack opened on November 10 at The Gallery at Westbury Plaza in Garden City (Nassau County).  The chain is known for its all-natural burgers, flat-top dogs and frozen custard, among other offerings.  The first Long Island location was constructed with a variety of recycled and sustainable materials. Its interior walls feature wood salvaged from snow fences in Wyoming, tabletops sourced from reclaimed bowling alley lanes in Brooklyn and chairs and booths made from lumber certified by the Forest Stewardship Council.  The new Shake Shack has a solar panel-covered roof that will produce about 10 percent of the restaurant's energy. Free Wi-Fi and computer re-charging stations are available as well.  Five percent of sales from its "Old Country Rocky Road" menu item will benefit Island Harvest, and Shake Shack staff will volunteer at events affiliated with the organization. (LI Business News - November 9, 2012)

The U.S. government has awarded contracts worth several million dollars to Hauppauge (Suffolk County)-based Globecomm Telecommunications and Orbit International, and Melville (also Suffolk)-based Comtech Telecommunications.  Globecomm has received two Global Tactical Advanced Communications Systems contracts from the U.S. Army's Program Executive Office for mission-critical, turn-key communications systems and equipment. Set amounts for the contracts, given to multiple contractors, have a term of five years and a ceiling of $10 billion for the entire program.  Comtech received a $3.2 million order for high powered radiofrequency microwave amplifiers used in communications jamming systems. The order comes through Comtech's subsidiary Comtech PST.  Orbit International has received a $1.36 million contract through its subsidiary Behlman Electronics for power supplies used in oil and gas exploration. Deliveries under this contract will begin in the first quarter of 2013 and continue through the first quarter of 2014. (LI Business News - November 8, 2012)

Local municipalities and members of Long Island's largest home-building trade organizations are banding together to rebuild thousands of storm-ravaged homes and create temporary housing for hundreds of displaced families.  With some homebuilders and renovators already at work on houses that bore the brunt of Hurricane Sandy, the Long Island Builders Institute is making its roughly 150 home-building members more accessible to those who suffered storm damage.  LIBI Executive Director Mitch Pally said homes on the Island need significant renovations, and the goal of his group is to facilitate the work.  LIBI will do that by helping fast-track building permits and putting homeowners in touch with contractors that will charge a fair rate. (LI Business News - November 8, 2012)

Melville (Suffolk County)-based health care, dental and veterinary products distributor Henry Schein reported that net income rose 5.2 percent to $96.8 million as net sales rose 5.7 percent to 2.2 billion.  The firm grew sales and earnings, even though seasonal influenza vaccine sales dropped for the third quarter and despite the impact of less favorable foreign currency exchange rates. (LI Business News - November 7, 2012)

Glen Cove (Nassau County)-based Elegant Affairs Caterers has been contracted by the Federal Emergency Management Agency (FEMA) to feed thousands of Hurricane Sandy-displaced residents and emergency crews in Oceanport, N.J.  The company deployed about 100 employees, tents and other equipment to the Monmouth Park Racetrack, where Elegant Caterers was charged with getting operations up and running quickly.  The company also has operations in Manhattan and the Hamptons (Suffolk County).  For the hurricane-relief venture the company had to invest "hundreds of thousands of dollars" upfront in equipment purchases and rentals, food and labor costs, which will be reimbursed by FEMA. Elegant Affairs expects the team will be in NJ for a month or more. (LI Business News - November 7, 2012)

Edgewood (Suffolk County)-based CPI Aerostructures has signed a contract with Wichita, Kan.-based Cessna Aircraft Co., to supply wing structures for Cessna's flagship aircraft.  The seven-year contract, valued at about $41 million, will aid Cessna construct its newly relaunched Citation X aircraft, a small civilian plane capable of flying at speeds just shy of the sound barrier. CPI, which will be manufacturing 11 structural assemblies, including some wing structures that are more than 29-feet long, will begin deliveries in the first half of 2013.  CPI has been a supplier to Textron Inc., Cessna's parent company, through its Bell Helicopter subsidiary. This is the Edgewood-based company's first Cessna contract. (LI Business News - November 7, 2012)

The Suffolk County Legislature has added $5 million for storm cleanup to the proposed 2013 budget.  Suffolk lawmakers have agreed to leave County Executive Steve Bellone's budget largely intact. That includes a police district tax hike for the county's five western towns.  The legislature is scheduled to vote on the budget on November 7.  Lawmakers also have restored $2.2 million in funding for county health clinics.  The county's industrial development agency is also working with Bellone's office on a initiative for small businesses affected by the storm.  People from the Small Business Administration, FEMA and the state's Small Business Development Centers have been helping business owners with aid forms at Suffolk County Department of Labor sites in Hauppauge and Riverhead. (LI Business News - November 6, 2012)

Businesses affected by Hurricane Sandy can get help and possibly financial assistance through the Nassau County Industrial Development Agency.  The county is establishing a center dedicated to assisting the reconstruction and recovery efforts of those businesses, according to a statement from County Executive Ed Mangano.  Eligible small businesses may receive up to $99,000 to be used toward their recovery efforts through the IDA's Local Enterprise Assistance and Development Services program. The program provides eligible small businesses with help through a sales tax exemption on any furniture, fixtures, equipment and material purchased for repair and reconstruction.  The storm assistance program will be staffed by the Nassau County IDA and can be reached via (516) 571-1745 or by email at Leads@nassauida.org (LI Business News - November 5, 2012)

(Update) Amneal Pharmaceuticals, one of the nation's larger generic drug makers, has postponed the groundbreaking on its two building project in Brookhaven (Suffolk County), slated to take place November 2, because it didn't believe it would be appropriate to celebrate the company's expansion amid the devastation from Hurricane Sandy. (LI Business News - November 2, 2012)

Lifetime Design & Construction, a maker of custom woodworking products, has bought a 20,000-square-foot building in at 162 East Industry Court in Deer Park (Suffolk County) for a reported $1.2 million.  The purchase triples Lifetime's existing space. (LI Business News - November 1, 2012)


Business Contractions and Closings

New Items

Superstorm Sandy cost the Long Island economy up to $10 billion, according to experts.  That's nearly one month's worth of gross domestic product -- the sum of all goods and services produced in Nassau and Suffolk counties -- which totaled $122.5 billion in 2010, the most recent available data from IHS Global Insight.  The economic impact of Sandy on Long Island is diverse and widespread. Some of it might be offset by increased spending on construction and money from insurance companies and government.  Jobs disappeared when businesses closed for good. Wages and sales were lost because companies couldn't open and their customers couldn't get to them. Thousands of homes, cars and other possessions were destroyed. (Newsday - November 29, 2012)

Previously Reported

(Update) The Zoning Board of Appeals for the Town of Smithtown (Suffolk County) has voted 3-2 to reject the Sonic restaurant proposed in Nesconset.  The board ruled that Sonic did not meet the standards for the special exception it would need from the town. It cited the nature of Sonic's operation, potential traffic issues and the lack of a suitable buffer between the restaurant site and neighboring properties as reasons for the board's rejection. (LI Business News - November 15, 2012)

Citigroup Inc. plans to lay off 100 employees in its Reckson Plaza office in Uniondale (Nassau County), the bank said Tuesday citing "economic" reasons for the layoff.   The workers are part of a unit that focuses on consumer operations, such as processing statements. The office will remain open, staffed with workers in other operations, but Citigroup declined to say how many would continue there.  The banking company began notifying the employees on July 2 about the layoff and said that the process would continue through Dec. 3.  The company expects to complete the layoffs by March 3. (Newsday.com/November 13, 2012)

AMF Bowling, the world's largest bowling alley operator, filed for bankruptcy protection for the second time since 2001.  AMF, which owns 270 centers in the United States and Mexico including 13 on Long Island, will continue normal operations during the restructuring process. (LI Business News - November 13, 2012)

Getty Realty Corp., the owner of 1,100 gas stations operated under a wide range of brands, reported a third-quarter loss and said it's still weighing the impact of Hurricane Sandy on its business. The Jericho (Nassau County)-based real estate investment trust, which specializes in owning gas stations that it leases to operators, showed a $3.5 million loss in the third quarter of 2012, compared to a $5.4 million profit a year ago.  Revenue dropped to $23.1 million from $25.7 million. (LI Business News - November 9, 2012)

In its third quarter financial results released today, Melville (Suffolk County)-based broadcast graphics company Chyron disclosed it posted a loss in revenue of $220,000 compared to the third quarter last year.  "As is the case for other companies in our industry we have experienced a slowdown in our product revenue stream as a result of delays in spending as broadcasters emphasize cost control and reschedule their capital expenditures," Chyron President and CEO Michael Wellesley-Wesley said. "This decline was experienced in North America and more markedly in Europe where the economy has stalled. We have taken steps to align our operating expenses with the current business climate." (LI Business News - November 7, 2012)

Superstorm Sandy destroyed a small Long Island brewery with a following among New York's beer lovers, Barrier Brewing in Oceanside (Nassau County).  Saltwater from the ocean and surrounding bays reached about six feet outside the brewery and four feet inside.  The two-year-old brewery had just moved into its new facility in June. "It's a pretty bad scene, but we have no doubt we'll be operational again, maybe in two months, hopefully by the end of the year," a spokesman said. (LI Business News - November 5, 2012)

In a sign that the banking industry is still grappling with the recession, Suffolk Bancorp and First Bank of Long Island reported third quarter net income dropped, due to thinner net interest margins and higher provisions for loan losses.  Riverhead (Suffolk County)-based Suffolk Bancorp, parent of Suffolk County National Bank, swung to a third quarter loss to $9.2 million from $3.1 million a year ago.  Glen Head (Nassau County)-based The First of Long Island Corp., the parent of The First National Bank of Long Island, also saw earnings tumble, as it reported third quarter net income fell 9.4 percent to$4.8 million. (LI Business News - November 1, 2012)

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