Developer receives $7.53M loan for work on 20-unit apartment building in Hicksville<\/a><\/p>\nThis year, Hochul added a $150 million competition called Advancing Collaboration for High-Impact Initiatives for Economic Visions & Expansion, or ACHIEVE.<\/p>\n
\u201cThe regionally-designed plans will support the goals of the new Achieve competition, creating investment opportunities that will help build a more sustainable, successful future for all New Yorkers,\u201d Hochul said in a statement.<\/p>\n
The Achieve program invites all ten regional economic development councils to compete to receive up to $50 million \u201cin implementation funding to advance anchor projects,\u201d the state said in an announcement.<\/p>\n
Walter T. Mosley, New York\u2019s Secretary of State who has been named chairman of the initiative, said, \u201cOver the past year, as I\u2019ve traveled across this vast state, I\u2019ve seen first-hand the great work of the Regional Economic Development Councils, and I\u2019m humored to help lead this knowledgeable and dedicated group of individuals.\u201d<\/p>\n
At a meeting in Melville earlier this fall, Longworth said startup manufacturing efforts will be run by Newlab LLC, which is based at the Brooklyn Navy Yard Newlab, a for-profit entity, run business incubators in Detroit, New Orleans, Saudi Arabia, and Uruguay.<\/p>\n
Liz Keen, Newlab\u2019s chief technology officer, said the city and the Island lose companies often because they are unable to find manufacturing space in the region.<\/p>\n
Startup entrepreneurs will be able to take courses in tech training with Activate, a training organization based in California.<\/p>\n
\u201cThere are great ideas on Long Island,\u201d Longworth said. \u201cThere are a lot of startups, but not a lot of companies\u201d emerging from startup mode. Sometimes not a lot of venture capital is available, she said.<\/p>\n
Linda Armyn, co-chair of the economic development council and Chief Executive of FourLeaf Federal Credit Union, formerly Bethpage Federal Credit Union, said developing startups would be a major boost to Long Island.<\/p>\n
\u201cThis will make Long Island a hub by connecting the assets that we have \u2013 universities, hospitals, incubators, business investors and manufacturers \u2013 with the city\u2019s assets to start companies and help them grow here,\u201d Armyn said.<\/p>\n
Long Island business leaders and government officials have been trying for years to build new companies and industries in Nassau and Suffolk counties to replace the defense manufacturers who either shut down or left the Island for more affordable places like Florida or Texas.<\/p>\n
Efforts have been halting. But Long Island continues to focus on developing a thriving bio-technology industry shaped around Cold Spring Harbor Lab and Stony Brook University.<\/p>\n
Such ideas have been promoted by Martin Cantor, an economist and director of the Long Island Center for Socio-Economic Development in Melville.<\/p>\n
\u201cThis is the way Long Island needs to be heading,\u201d Cantor said.<\/p>\n
Longworth said she believes the Long Island region is in a good position to win the competition.<\/p>\n
\u201cI have reviewed some of the other plans,\u201d she said. \u201cThey are all very impressive. But I always feel that I have an edge. I think we have a good shot at winning it.\u201d<\/p>\n
The submissions to Achieve will be presented to a team composed of the governor\u2019s cabinet, which will identify the winning regions.<\/p>\n","protected":false},"excerpt":{"rendered":"A Long Island economic development organization will be competing with nine similar organizations across New York for a…\n","protected":false},"author":2,"featured_media":81182,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[288,9,11,10,33853],"class_list":["post-81181","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-business","tag-new-york","tag-new-york-headlines","tag-new-york-news","tag-the-daily"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/81181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=81181"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/81181\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/81182"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=81181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=81181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=81181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}