Staten Island Advance Business News

Local business news from the Staten Island Advance

• Dept. of Labor moves its offices
STATEN ISLAND, N.Y. -- Workers at the New York State Department of Labor branch office will be saying goodbye to their spacious location in Grasmere and moving into smaller, temporary quarters in St. George.

• Family business allows owners to give back
STATEN ISLAND, N.Y. -- "Operating a family-owned business works out pretty good," says Dominick Detore," because everybody's job fits like a piece of a puzzle."

• Don't delay dealing with delinquent accounts
Q: We have a small wholesale clothing business and have been selling to stores on credit. Lately, we are experiencing a problem collecting from some of our customers due to the current state of the economy. What is the best way of dealing with these customers?

• Shares rebound as Sovereign replaces CEO
STATEN ISLAND, N.Y. -- Shares of Sovereign Bancorp Inc., parent corporation of SI Bank & Trust with its $2.4 billion in deposits in the borough, more than doubled in value yesterday as the bank announced it was replacing its chief executive.

• Sovereign Bancorp shares plunge by 72 percent
STATEN ISLAND, N.Y. -- More market fear about the banking industry sent shares of Sovereign Bancorp Inc., the parent company of SI Bank & Trust and the largest bank by deposits in the borough, tumbling by 72 percent yesterday to a record low.

• Island facility takes kids 'One Step Beyond'
STATEN ISLAND, N.Y. -- The sounds of laughter from youngsters playing in the gym are a comforting feeling for most people. It's especially gratifying for the parents of children with special needs.

• New space for growing businesses
STATEN ISLAND, N.Y. -- The heavy flow of commercial traffic along Richmond Terrace is expected to be reduced next year with completion of the North Shore Business Park in Port Richmond.

• Official: Don't worry about your AIG policies

• When out of a job, don't panic
STATEN ISLAND ADVANCE -- The chaos that shook the financial markets this week has workers on Wall Street and others associated with the financial markets wondering about their jobs.

• Women's Leadership Council to host 'Welcome Mixer'
STATEN ISLAND, N.Y. -- The Women's Leadership Council will host its second annual "Welcome Mixer" on Sept. 25, 6 to 8 p.m., in the Palm Room at the Vanderbilt at South Beach.

• Home Improvement group an influential voice on Island
STATEN ISLAND, N.Y. -- In New York City, home-improvement contractors are required to be licensed by the Department of Consumer Affairs (DCA). On Staten Island, consumer advocacy is taken a step further by the Home Improvement Contractors of Staten Island (HIC).

• Small businesses to discuss financing opportunities
STATEN ISLAND, N.Y. -- Terrace Development LLC and Staten Island Economic Development Corp. (SIEDC) Empire Zone Council will host an industrial ombudsman program "Financing in Today's Economy" on Wednesday, 3 to 5 p.m., at 2581 Richmond Terrace., Elm Park.

• Island CPA to receive Community Builder's Award

• 9/11 attacks changed the way we do business
STATEN ISLAND, N.Y. -- Seven years after the destruction of the World Trade Center, the terror attacks remain fresh in the public's mind. Although Lower Manhattan isn't the frozen zone it was in the days after the Twin Towers were felled, security is still a top priority in the way businesses conduct themselves today.

• Pathmark celebrates 40 years
STATEN ISLAND, N.Y. -- In celebration of 40 years of business, Pathmark supermarkets will host celebrations on Saturday, 11 a.m. to 3 p.m., in all of their 139 locations, including four Staten Island stores.

• Getting the job; it's more than just a resume
Job applicants can look fabulous on paper, but often it's the face-to-face interview that can lead to: "You're hired."