James T. Madore
jamestmadore.bsky.social
James T. Madore
@jamestmadore.bsky.social
Business reporter at Newsday. I report on the NY-area economy and government/biz issues. Formerly, The Buffalo News & Watertown (NY) Daily Times. Washington University and Columbia J-School. [email protected], 631-843-2473 or muckrack.com/james-madore.
Gradual rise in minimum wage better for businesses, workers, @governor.ny.gov says; rejects @mayor.nyc.gov push for $30 hourly wage by 2030.
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Gradual rise in minimum wage better for businesses, workers, Hochul says
New York City Mayor Zohran Mamdani campaigned on a pledge to raise the city's minimum wage from $17 per hour to $30 by 2030.
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January 10, 2026 at 4:41 PM
LI security company's founder to repay $50G in tax breaks after job cuts
www.newsday.com/business/int...
Software company founder agrees to repay $50,000 in tax breaks
Lee Mandel started IntraLogic Solutions in Massapequa in 2004 but in recent years the company hasn't kept its employment promises.
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January 9, 2026 at 11:44 AM
Upgrades proposed for all apartments in Long Beach development
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Upgrades at Pine Town Homes in Long Beach as part of $4M proposed renovation
The operator of the low-income development is seeking additional tax breaks from the Nassau County Industrial Development Agency.
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January 7, 2026 at 4:45 PM
It's Your Business! This month's roundup including how to protect yourself from digital scams
Join NewsdayTV as we recount the top business stories on LI that you need to know about.
www.newsday.com/business/bus...
It's Your Business! This month's roundup including how to protect yourself from digital scams
Join NewsdayTV as we recount the top business stories on LI that you need to know about.
www.newsday.com
January 3, 2026 at 5:41 PM
Developer proposes $19.2M storage facility for small businesses in Hicksville
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Developer proposes $19.2 million storage facility for small businesses in Hicksville
Huntington-based developer Vault Equities has applied for 15 years of tax breaks from the Nassau County Industrial Development Agency.
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January 3, 2026 at 5:40 PM
$10M plan seeks tax breaks to redevelop vacant LI medical center
www.newsday.com/business/lon...
Starock Group's $10 million Long Beach development project
The developer said an unidentified insurance company could move jobs out of New York if the deal falls through.
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December 29, 2025 at 3:57 PM
Proposed LI tech manufacturing center wins $30 million NYS grant
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Proposed Long Island tech manufacturing center wins $30 million New York State grant
The 50,000-square-foot space would be open to technology startups from Long Island and NYC.
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December 24, 2025 at 2:43 PM
Developer wins 15 years of tax breaks to turn a BOCES school into a warehouse in Bethpage
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Steel Equities wins tax breaks to turn BOCES school into warehouse
The company plans to add up to 17 loading docks to the former trade school at 610 Hicksville Rd. in Bethpage.
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December 23, 2025 at 10:12 PM
LIers accused of stealing nearly $350G in COVID-19 unemployment benefits
Court records detail how people across Long Island allegedly exploited pandemic jobless aid, from public workers to alleged gang members.
www.newsday.com/app/business...
Long Islanders accused in pandemic unemployment fraud cases
Court records detail how people across Long Island allegedly exploited pandemic jobless aid, from public workers to alleged gang members.
www.newsday.com
December 22, 2025 at 1:33 PM
Millions in entrance-fee refunds for LI seniors remain in limbo after retirement community sale
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LI seniors' refunds in limbo after retirement community sale
The Port Washington facility, which went bankrupt three times in 10 years, will only repay about one-third of the $121.4 million owed in entrance-fee refunds.
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December 4, 2025 at 2:01 PM
LI financial adviser ordered to pay $7M to clients, suspended from securities industry
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Long Island financial adviser ordered to pay $7M to clients
Clients accused A.G. Morgan Financial Advisors and its key officers, Vincent J. Camarda and James E. McArthur, of steering their savings into risky investments that led to heavy losses.
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November 25, 2025 at 3:05 PM
Hauppauge drugmaker embarks on 4th expansion project since 2014
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A&Z Pharmaceutical plans 4th expansion in Hauppauge since 2014
A&Z Pharmaceutical Inc. is adding 26,000 square feet of production space to increase the types of generic prescription drugs it makes, executives said.
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November 21, 2025 at 5:36 PM
Senior apartments in Farmingdale to be sold, renovated
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Senior apartments in Farmingdale to be sold, renovated
K&R Preservation is purchasing Hardscrabble Apartments from a nonprofit, but with tax breaks, the units will remain affordable.
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November 5, 2025 at 9:26 PM
Wall Street profits climb 31% in the first half of 2025
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Wall Street profits climb 31% in the first half of 2025
Profits for the January-June period totaled $30.4 billion and may end the year above $60 billion, according to a state report.
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October 23, 2025 at 1:00 PM
Drugmaker to cut 60 jobs at Westbury factory
www.newsday.com/business/p-a...
Drugmaker to cut 60 jobs at Westbury factory
P&L Development could have to repay some tax breaks awarded by the Nassau County Industrial Development Agency.
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October 23, 2025 at 12:58 PM
Developer buys office building near Nassau Coliseum for $15.5M
www.newsday.com/business/dam...
Office building near Nassau Coliseum sells for $15.5M
Smithtown developer Damianos Realty Group plans to renovate the 240,000-square-foot building and address its 50% vacancy rate.
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October 21, 2025 at 2:05 PM
What a government shutdown means for small-businesses loan applicants
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How a shutdown delays government-backed loan approvals
Small-business borrowers in need of financing should work with their lender to identify alternative sources, experts said.
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October 6, 2025 at 3:28 PM
Lawsuits: Ex-CEO says company used affair as pretext for firing him
Ken A. Peterman was fired in 2024 by Comtech Telecommunications Corp. after nearly two years leading the company.
www.newsday.com/business/com...
Ken Peterman files whistleblower lawsuits against Comtech board
Former Comtech CEO Ken Peterman claims his firing was due to whistleblowing on financial discrepancies, not his affair with an employee.
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August 27, 2025 at 6:07 PM
$11.9M COVID fraud case: Massapequa man gets 18 months in prison
Sandeep Grover had faced more than 12 years in prison for allegedly filing false Paycheck Protection Program loan applications for over 100 businesses.
www.newsday.com/business/lon...
Massapequa man gets 18 months in prison for $11.9M COVID fraud
Sandeep Grover had faced more than 12 years in prison for allegedly filing false Paycheck Protection Program loan applications for over 100 businesses.
www.newsday.com
August 26, 2025 at 1:08 AM
Lake Success-based financial firm seeks to downsize on LI, applies for tax breaks
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LI financial firm seeks to downsize locally, applies for tax breaks
Broadridge Financial Solutions Inc. is considering closing some of its local offices and moving operations and jobs out of state to reduce costs.
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August 23, 2025 at 2:09 PM
LI man gets 4 years in prison for $1.7M COVID relief scam that funded luxury lifestyle
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$1.7M Covid scam gets Long Island man 4 years in prison
Niall Alli used the money to buy fancy watches, stay in luxury hotels and dine at pricey restaurants, federal prosecutors said.
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August 14, 2025 at 2:20 PM
LI retirees allege financial adviser wiped out millions in savings; federal probe underway
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Long Island retirees say adviser lost millions in savings
At least 20 clients say A.G. Morgan squandered their savings. The FBI is questioning victims and the SEC has filed suit against the Massapequa firm.
www.newsday.com
August 13, 2025 at 3:31 PM