There are incubators for all types of fledgling businesses, but now the Babylon IDA has announced it will be providing space for a new type of entrepreneur: craft beer brewers.
In an announcement earlier this month, IDA Chief Executive Officer Matthew T. McDonough said the IDA will purchase, revitalize and equip a former missile-component test facility at 1305 Strong Ave., Copiague into the state's first business incubator dedicated to craft beer.
"Long Island has the resources to accommodate a booming craft beer industry and the Town of Babylon IDA is well suited to provide read more ››
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 ››