New York State's first business incubator dedicated to craft beer could be built on Long Island thanks to a $12 million project proposed by the Babylon Town Industrial Development Agency.
The agency plans to transform a derelict former missile-component test facility in Copiague into a multitenant production facility and tasting room for brewers, said Matthew T. McDonough, chief executive of the IDA.
The IDA is "uniquely situated to acquire this property, renovate it and equip it to make a brewery incubator," said McDonough, 26, who came up with the idea last year after read more ››
A housing group in Centereach has received two grants totaling $125,000 to support the proposed construction of affordable-rental apartments in Suffolk County.
The Community Development Corp. of Long Island received $100,000 from the TD Charitable Foundation to help fund two proposed complexes: 90 apartments in Copiague and 48 in Riverhead, the Centereach-based corporation said in a statement Monday. The charitable arm of TD Bank gave the funds through its "Housing for Everyone" grant competition.
Separately, the Long Island Community Foundation gave a $25,000 grant to the read more ››
Roslyn Savings Bank has become the first business to join Wyandanch Village, the mixed-use development at the heart of a massive revitalization effort in the hamlet.
A division of New York Community Bank, Roslyn Savings Bank has signed a 10-year lease for 1,600 square feet of ground-floor space in the first of three buildings being constructed by developer Albanese Organization Inc. of Garden City. Wyandanch Village is the centerpiece of the Wyandanch Rising redevelopment, an estimated $500 million public-private attempt to revitalize the downtown area near the Long Island Rail Road read more ››
East Side Access, the $10.7 billion project that will provide the Long Island Rail Road with direct access to Grand Central Terminal, is scheduled for completion in 2022. That may seem a long time away, but there’s much to be done in the meantime to ensure that Long Island maximizes the economic potential of one of the nation’s largest transportation infrastructure projects.
Simultaneous with that construction is the addition of a second track on the LIRR Main Line between Ronkonkoma and Farmingdale. That project is scheduled for completion in 2018.