News: Long Island

Sumcizk of Capitol Concrete honored by CFMA of Long Island

More than 200 construction executives attended the Construction Financial Management Association of Long Island's (CFMA LI) 4th Annual Dinner Gala. The gala honored Bryan Sumcizk, president of Capitol Concrete, Inc. as the 2011 Construction Executive of the Year. The event benefitted Contractors For Kids, a Long Island charity supported by the construction and building industry, which received $40,000 raised by CFMA LI. CFMA LI president, William Gary Morrissey, said, "Today we have an opportunity to recognize one of the most prominent construction industry leaders in the region. Bryan Sumcizk, the 2011 Construction Executive of the Year, is a leading practitioner of modern financial management techniques within the AEC industry." Shown (from left) are: The 2011 CFMA Construction Executive of the Year Bryan Sumcizk, president of Capital Concrete; Andrew Meyerson, vice president of CFMA LI chapter and CFK board member; Robert Cassidy, president of All Suffolk Sealcoat & Masonry; and Marc Herbst, executive director of Long Island Contractors' Association.
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Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
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Columns and Thought Leadership
The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.