Melville-based MSC Industrial Direct Co. plans to build a distribution center in Columbus, Ohio, that will employ about 300 full-time workers by the end of 2017.
The company, which distributes industrial tools and supplies, plans to invest about $55 million to construct a 400,000-square-foot facility on 70 acres, MSC said in statement earlier this week. It will receive about $9 million in... » more
Park Electrochemical Corp., a Melville-based maker of high-tech materials, said it planned to shutter its manufacturing subsidiary in China. The company, which makes materials used in circuit boards for the telecommunications and aerospace industries, opened its Nelco Technology unit in Zhuhai about five years ago to serve customers in China. But it determined that it would be more efficient to... » more
Twenty-five Long Island organizations were named Tuesday to each receive a $5,000 grant from Capital One Bank to run a financial education program for their community.
The Capital One Financial Literacy Challenge was launched this March to help everyday people better understand how to manage their finances through budgeting and saving. Interested groups on Long Island had to submit an application... » more
Two advertising and marketing firms in Nassau County have been tapped to raise the profile of the Suffolk County Industrial Development Agency.
The pair was chosen from a field of seven applicants, according to agency executive director Anthony Manetta, who made the selection.
Plainview-based Crown Advertising won the $10,000 contract for website development. Harrison Leifer DiMarco... » more
A 349-unit Rockville Centre rental complex has received “green” certification from a builders’ trade organization.
Avalon Rockville Centre was honored Monday morning at a ceremony at the Banks Avenue complex. It is the first rental complex in the Northeast to receive green certification from the National Association of Home Builders' NAHB Research Center, according to the developer, AvalonBay... » more
First of Long Island Corp. on Monday reported higher profits for the year’s second quarter, compared with a year earlier. It cited as a factor lower set asides for bad loans.
The Glen Head-based parent of the 35-branch First National Bank of Long Island said it earned $5.4 million or 60 cents a share in the quarter, up 15.6 percent and 13.2 percent, respectively.
The bank said it made... » more
ExcelAire, the private jet charter company located in Ronkonkoma, today announced that the company had added three new aircrafts to its fleet.
The company brought in a Cessna Citation Sovereign, Learjet 60 and a Gulfstream GIII, bringing the total number of jets in their fleet to 25.
The Cessna and Gulfstream are bigger jets meant for longer trips. The Learjet is available for small... » more
Suffolk Bancorp, the Riverhead company that runs branches of Suffolk County National Bank, announced improved second quarter profits compared to last year.
The bank holding company had profits of $4.2 million -- or earnings of 43 cents per share -- the past quarter, a 28 percent increase from the $3.3 million in profits from the same period in 2011.
The increase in profit was primarily... » more
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The Holtsville facility of a Florida-based aerospace company plans to lay off 55 employees, according to a state regulatory notice posted today.
B/E Aerospace Inc., whose business includes manufacturing aircraft cabin seats, distributing spare parts for planes and outfitting jets with espresso coffeemakers, cited economic reasons in its WARN filing. The local layoffs are scheduled to begin... » more