Fair 38°
Tag:

Economic Development

News
These Hudson Valley Housing Projects To Receive Portion Of $260M Fed, State Funding These Hudson Valley Housing Projects To Receive Portion Of $260M Fed, State Funding
These Hudson Valley Housing Projects To Receive Portion Of $260M Fed, State Funding More than a quarter billion dollars in federal and state funding will go toward addressing New York’s housing crisis. Over $260 million has been awarded to 29 housing developments across the state through tax credits and subsidies meant to create or preserve over 1,800 affordable and sustainable homes, Gov. Kathy Hochul announced Monday, March 18. The projects will upgrade and modernize public housing and further local economic development initiatives, according to the governor’s office. Each one includes sustainable features meant to advance the state’s climate goals. “The only way to add…

SHARE

by Michael Mashburn
News
Construction Begins On $27M Project To Improve Connectivity From LIE To Crooked Hill Road Construction Begins On $27M Project To Improve Connectivity From LIE To Crooked Hill Road
Construction Begins On $27M Project To Improve Connectivity From LIE To Crooked Hill Road Construction is now underway on a $27 million project to provide motorists quicker access from the Long Island Expressway to several shopping and recreation areas. On Thursday, Sept. 15, Gov. Kathy Hochul announced that the project to modify Exit 53 has begun. The goal of the project is to improve connectivity from the LIE to shopping, commerce, and recreation on and near Crooked Hill Road. The project will allow motorists to easily access several shopping areas in Commack, industrial areas in Brentwood, Deer Park, and Hauppauge, the Michael J. Grant campus of Suffolk County Community…

SHARE

by Nicole Valinote
News
Nearly $2B In Bets Placed In NY In First 30 Days Of Mobile Sports Betting Nearly $2B In Bets Placed In NY In First 30 Days Of Mobile Sports Betting
Nearly $2B In Bets Placed In NY In First 30 Days Of Mobile Sports Betting In the first 30 days since mobile sports betting launched in New York, nearly $2 billion in bets have been taken in the state. Gov. Kathy Hochul made the announcement on Monday, Feb. 14, saying $1.98 billion in wagers were taken in the state, a figure larger than any other state has reported. She said the betting is set to generate more than $70 million in tax revenue for the state over the first month. Mobile sports wagering launched in New York on Saturday, Jan. 8. "Over the past month, we've seen how mobile sports wagering can be an economic engine for New York, driving significant fun…

SHARE

by Nicole Valinote
News
Two Suffolk County Locations To Receive $10M For Downtown Revitalization Two Suffolk County Locations To Receive $10M For Downtown Revitalization
Two Suffolk County Locations To Receive $10M For Downtown Revitalization Gov. Kathy Hochul announced that two Long Island locations are set to receive $10 million each to revitalize their downtown areas. The village of Amityville and the town of Riverhead will each receive the funding in the fifth round of the Downtown Revitalization Initiative. Westbury, Hicksville, Central Islip, and Baldwin were previous recipients of the DRI awards, officials said.  "Ensuring local communities have the resources they need to thrive is critical to New York's economic resurgence," Hochul said in a statement. "Amityville and Riverhead both play important roles in the over…

SHARE

by Nicole Valinote
Lifestyle
Groundbreaking Starts For Phase 2 Of Major Mixed-Use Hub On Long Island Groundbreaking Starts For Phase 2 Of Major Mixed-Use Hub On Long Island
Groundbreaking Starts For Phase 2 Of Major Mixed-Use Hub On Long Island The second phase of construction of a $700 million major mixed-use development on Long Island is now underway. The groundbreaking for phase two of construction of the Ronkonkoma Hub in the Suffolk County town of Brookhaven took place on Wednesday, Nov. 3, according to an announcement from Gov. Kathy Hochul. State officials said the second phase will include the creation of: 388 housing units 73,000 square feet of commercial space 15,500 square feet of office space More than 1,200 parking spaces "The Ronkonkoma Hub will be a major leap forward in building New York's economy and revitalizin…

SHARE

by Nicole Valinote
News
$42M Long Island Bridge Construction Projects Completed, State Says $42M Long Island Bridge Construction Projects Completed, State Says
$42M Long Island Bridge Construction Projects Completed, State Says More than $42 million in bridge construction projects have been completed on Long Island, state officials announced. The completed construction work includes a new, wider overpass carrying Walt Whitman Road over the Long Island Expressway in Melville, and the early completion of repairs to four highway bridges. The repairs on the highway bridges will “ease travel and enhance safety along key routes for the flow of people and commerce on Long Island," Gov. Andrew Cuomo said. “New York State continues to build back better with projects of all sizes that enhance safety and facilitate commerce…

SHARE

by Zak Failla
Business
Amazon In Talks To Open New Warehouse On Long Island Amazon In Talks To Open New Warehouse On Long Island
Amazon In Talks To Open New Warehouse On Long Island Amazon could soon build a warehouse on Long Island at the site of a long-contested property, creating more than 550 jobs if a deal with the property owners can be reached.  Oyster Bay Town Supervisor Joseph Saladino confirmed the company is in talks with the owners of the Cerro Wire property in Syosset, in Nassau County, as a location to build a 20,000-square-foot warehouse. The warehouse would be located on the south end of the site, away from homes and schools, which have both opposed numerous attempts to develop the site since 1998. Saladino, who said he has seen the site plan, sai…

SHARE

by Kathy Reakes
News
'Do Your Job,' Cuomo Tells NYPD, de Blasio Amid Looting; NYC Curfew Extended Through Weekend 'Do Your Job,' Cuomo Tells NYPD, de Blasio Amid Looting; NYC Curfew Extended Through Weekend
'Do Your Job,' Cuomo Tells Nypd, de Blasio Amid Looting; NYC Curfew Extended Through Weekend The curfew in New York City has been extended for the rest of the week, through the weekend as looting and protests continue to break out in the wake of the police-assisted death of George Floyd in Minneapolis as Gov. Andrew Cuomo publicly criticized Mayor Bill de Blasio's response.  De Blasio announced that the curfew will be in effect nightly from 8 p.m. to 5 a.m. through Sunday, June 7. following five nights of protests in the five boroughs and throughout the country. Earlier story - NYC Will Have Curfew After Looting On Fourth Night Of Protests “Anyone who is upset about the statu…

SHARE

by Zak Failla
News
COVID-19: NY, NJ, CT Join New Multi-State Consortium For Medical Supplies COVID-19: NY, NJ, CT Join New Multi-State Consortium For Medical Supplies
Covid-19: NY, NJ, CT Join New Multi-State Consortium For Medical Supplies On Day 64 of the novel coronavirus (COVID-19) pandemic, the governors of New York, New Jersey and Connecticut announced the formation of a joint seven-state agreement to develop a regional supply chain for personal protective equipment, other medical equipment and testing. Other states involved in the initiative are Massachusetts, Pennsylvania, Delaware and Rhode Island. While the states will continue to partner with the federal government during the crisis, they will also work together to identify the entire region's needs for these products, aggregate demand among the states, reduce costs…

SHARE

by Daily Voice
Business
Amazon To Open Facility In Fairfield County Amazon To Open Facility In Fairfield County
Amazon To Open Facility In Fairfield County Amazon is set to open a new distribution center in Fairfield County early next year, potentially creating hundreds of jobs for area residents. The retail giant announced that it will set up shop in Stratford as soon as Jan. 1 next year on Long Beach Boulevard as part of a seven-year pact between the city and company. “We are pleased to be welcoming Amazon to Stratford,” Stratford Mayor Laura Hoydick, said. “Stratford is an ideal location for this new distribution center for Amazon. We have great transportation access as well as a terrific skilled labor force ready to take on the jobs Amazo…

SHARE

by Zak Failla
Sports
Breaking Ground: Here's What Islanders' New Arena Will Look Like Breaking Ground: Here's What Islanders' New Arena Will Look Like
Breaking Ground: Here's What Islanders' New Arena Will Look Like Home sweet home. New York Gov. Andrew Cuomo, NHL Commissioner Gary Bettman and other local leaders were on hand on Monday, Sept. 23 to break ground at Belmont Park, the $1.3 billion future home of the New York Islanders. According to officials, “announced in December 2017, the Belmont Redevelopment Project will turn 43 acres of underutilized parking lots at Belmont Park into a premier sports and hospitality destination, including a new 19,000-seat arena for the New York Islanders hockey team and other events, a 250-key hotel, a state-of-the-art retail village and office and community space.…

SHARE

by Zak Failla
Politics
Baldwin Will Get $10 Million In State Funding For Downtown Revitalization Baldwin Will Get $10 Million In State Funding For Downtown Revitalization
Baldwin Will Get $10 Million In State Funding For Downtown Revitalization Gov. Andrew Cuomo announced that Baldwin was the Long Island winner of the fourth round of the Downtown Revitalization Initiative. As a result, Baldwin will get $10 million in state funding for downtown revitalization. As in the first three rounds of the initiative, one municipality from each of the state’s 10 regional economic development regions is selected as a $10 million winner, marking another overall state goal to target $100 million in funding and investments to help communities transform their downtowns. “With this competition, we are challenging local governments to come up with …

SHARE

by Donna Christopher
News
New LIRR Station At Bellmont Park Will Be Built In Connection With Construction On Isles' Arena New LIRR Station At Bellmont Park Will Be Built In Connection With Construction On Isles' Arena
New Lirr Station At Bellmont Park Will Be Built In Connection With Construction On Isles' Arena Developers and the New York Islanders are all aboard as they plan to construct a new Long Island Rail Road station at Belmont Park as part of their proposed $1.3 billion arena and entertainment complex in Elmont. New York Gov. Andrew Cuomo announced on Monday, July 8, that the Belmont Park Redevelopment Project is calling for the first full-time LIRR station in nearly 50 years, "helping mitigate traffic concerns and providing a new amenity to the Elmont community." Cuomo also released an analysis of the project's potential economic impact, which determined the new arena, hotel, an…

SHARE

by Zak Failla