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A positive FEBRUARY 2018

www.sibiztrends.com

change GIVE BACK


The gift of giving comes full circle.
Tax cuts, Jobs Act Page 2
of 2017 to have
positive effect on SCORE
What to do when you inherit a business.
small biz, experts say
Page 6
By JESSICA JONES-GORMAN
Business Trends
WEEKLY MEETINGS
When the Tax Cuts and Jobs Attend an event on the Island this month.
Act was signed into law at the
end of December, businesses Page 4
were inundated with news about
the rampant changes that will
take effect this year: New rules
for deductions, changes in in-
come and capital gains rates,
Chamber installs new board officers
adjustments to charitable dona-
tions. But after a month of sift-
ing through this sweeping tax
overhaul, deciphering all of the
details and considering the bill’s
overall long-term impact, ex-
perts have since compiled a com-
prehensible breakdown.
“The Tax Cuts and Jobs Act
of 2017 really does live up to its
name,” noted John Vento, a CPA
with offices in New Dorp. “All
provisions are geared toward
lowering tax expenses for small
business owners, and one of its
aims is to create jobs as well.”
Vento, who is also the author STEVE WHITE/Business Trends
of “Financial Independence The Staten Island Chamber of Commerce had its Small Business Outlook Breakfast and installed new board
(Getting to Point X): An Advi- officers for 2018 at the Historic Old Bermuda Inn. The guest speaker was Kevin Moriarty, senior vice president
sor’s Guide to Comprehensive of Wells Fargo Advisors. Above, board members are pictured with Chamber President Linda Baran and Chair-
Wealth Management,” has been man of the Board Glen Cutrona (both in the center).

N.Y. introduces Paid Family Leave legislation


studying the new tax laws for
several months, deciphering the
changes for an addendum to his
book.
“There is a lot to talk about, By JESSICA JONES-GORMAN Leave that can be used alongside the Family workplace, employers might face some chal-
a huge hit list of changes,” the Business Trends Medical Leave Act benefit. The legislation, lenges in terms of understanding the differ-
CPA said. “But overall I think introduced by Gov. Cuomo in 2016, is great ences between FMLA and PFL,” noted Ellen
for businesses, this is a very pos- On Jan. 1, New York joined three other news for employees and features plenty of McCann, assistant vice president and legal
itive adjustment.” states – California, New Jersey and Rhode layers, but the new law does require some counsel for Unum, a Tennessee-based For-
According to Vento, one of the Island – in requiring employers to provide compliance adjustments for employers. tune 500 insurance company and one of the
please see TAXES, page 9 eight weeks of job-protected Paid Family “As this new benefit is introduced into the
please see LEAVE, page 18

Workforce Forum
NYC Comptroller hosts forum
for Staten Island.
Page 10
2 BUSINESS TRENDS – FEBRUARY 2018

Give Back
The gift of giving comes full circle
Staten Island Giving Circle has been helping the needy for 10 years
By JESSICA JONES-GORMAN
Business Trends Want to give back?
For more information, questions or if you are interested in joining
the Staten Island Giving Circle, visit www.statenislandgivingcircle.
Ten years ago, after reading org or email Evelyn Kormanik directly at sigivingcircle@aol.com.
an article in Family Circle mag- The group meets on the third Wednesday of the month at 7 p.m. at
azine, Evelyn Kormanik was the Old Bermuda Inn.
inspired to start a small social
circle that would use monthly
meetings to help others in need. two dozen inaugural members To assist the borough’s under-
“It was my New Year’s resolu- returned – and brought a friend. served children, seniors, home-
tion to add something meaning- “I guess they liked my pista- less and veterans. Their projects
ful to my life,” noted Kormanik, chio cake,” Kormanik laughed, and initiatives are many.
who at the time was recently re- detailing how her small grass- “We started out small, team-
tired, assisting the Staten Island roots operation slowly started to ing up with Project Hospitality
Mental Health Society as a read- grow. “I packed all of those peo- to organize events,” Kormanik
ing volunteer. “I’ve lived here for ple in my sunroom once a month said. “We began going to home-
many years and recognized how for almost a year. But the gener- less shelters and hosting birth-
blessed this borough is, but I also osity of this group quickly out- day parties for the children who
knew there were so many pock- grew my home. Today, we have lived there.”
ets of need.” over 700 people on our email Those birthday parties grew
So she invited 24 friends and list.” into holiday parties and movie
neighbors to her Oakwood home Kormanik called her group nights – all geared at making
for coffee, cake and community the Staten Island Giving Circle life a little more special for more
outreach. One month later, those and gave it an official mission: please see GIVE, page 13
FEBRUARY 2018– BUSINESS TRENDS 3

Get incentives for


energy upgrades, cultivate
a space for innovation.

Connect with experts at ngrid.com/business


That’s business on the grid.

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4 BUSINESS TRENDS – FEBRUARY 2018

weekly meetings
Monday http://rbcofsi.com.
SI Business Friends: 7:30 - 8:45
606-2111.
Business Network Int’l. (BNI)
Bus. Outreach Ctr of SI/ a.m. Hilton Garden Inn, 1100 South Network Alliance Chapter: Z-One
WBCLDC Small Bus. Counseling Ave. For information, call Dr. Rich- Lounge, 1821 Richmond Ave. 7 to
– MWBE/BOC Capital: WBCLDC, ard Bove at 718-938-5978 or visit 8:30 a.m. For info, call Timothy
705 Forest Ave., 2nd Fl. By appoint- www.sibfnetwork.com. Houston at 718-981-8600.
ment only. For info, call 718-816-
4775. Bus. Outreach Ctr of SI/ Rotary Club Staten Island: LiGre-
WBCLDC Small Bus. Counseling ci’s Staten, 697 Forest Ave. 12:30 to
Kiwanis Club of Richmond Co.: – MWBE/BOC Capital: WBCLDC, 1:30 p.m. Members and guests wel-
LaFontana Restaurant, 2879 705 Forest Ave., 2nd Fl. By appoint- come. For info, call 718-370-3140.
Amboy Rd. 7 p.m. Call 718-420- ment only. For info, call 718-816-
1966. College of S.I., Small Bus. Dev.
4775. Ctr. Business Counseling: CSI,
College of S.I., Small Bus. Dev. Direct120.com, Ultimate Think 2800 Victory Blvd. 9 a.m. to 5 p.m.
Ctr. Business Counseling: CSI, Tank: Lorenzo’s, 1100 South Ave. No charge. Call the SBDC at 982-
2800 Victory Blvd. 9 a.m. to 5 p.m. For info, visit www.direct120.com. 2560.
No charge. For info, call the SBDC
at 718-982-2560. Kiwanis Club of South Shore:
LaFontana, 2879 Amboy Rd. 7:30
p.m. For info, call 718-370-2770. Wednesday
Tuesday SCORE Business Counseling:
Staten Island Advance Building,
Bus. Outreach Ctr of SI/
WBCLDC Small Bus. Counseling
Greater New Dorp Networking 950 W. Fingerboard Road. 9 a.m. to
– MWBE/BOC Capital: WBCLDC,
Group: 8 a.m. Perkins Restaurant, noon. No appointment necessary.
705 Forest Ave., 2nd Fl. By appoint-
1409 Highland Blvd. For informa- No charge. For info, call 718-727-
ment only. Call 718-816-4775.
tion, call Steve Lombardo at 718- 1221.
702-8623. Gateway Rotary Club: La Strada,
Business Guild I of the S.I.
139 New Dorp Lane. 7:15 a.m. For
Richmond Business Connections: Chamber of Commerce: Hilton info, call Adam at 718-986-0219.
Z One, 1821 Richmond Ave. 8 a.m. Garden Inn, 1100 South Ave. 7:45
For information, call Ronald P. a.m. Members and invited guests Richmond County Referral Source:
Cutrone at (347) 258-8131 or visit only. Call Michael Anicito at 646- please see GIVE, page 14

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FEBRUARY 2018 – BUSINESS TRENDS 5

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6 BUSINESS TRENDS – FEBRUARY 2018

in our opinion

Valentines Day’s prep underway 198 Route 9 North, Suite 100


Manalapan, NJ 07726
732-358-5200

Take advantage of the extra spending that comes with this time of year Richard Donnelly
Ceo of newspaper media group

T
he fast-approaching Valen- candy. Almost $4 billion will be spent ing, it’s worth additional, Valentine’s Tim Ronaldson Joe Eisele
tine’s Day is, of course, a day on a night out with a significant Day-themed marketing to bring new executive editor publisher

ADVERTISING Bonnie Arciero


of love. But it’s also a big day other. customers in the door and perhaps
circulation Director Pearl Harta
for businesses. Business owners Businesses that don’t specialize in persuade long-time patrons to try
should prepare accordingly. those areas don’t have to be left out, something a little different. The mar- Staten Island Business Trends is published
monthly by Newspaper Media Group. It is
The National Retail Foundation though. keting doesn’t have to be expensive, mailed monthly to business and community
last year predicted Americans would After all, according to the NRF’s just a reminder of the holiday and a leaders in Staten Island.
spend about $18.2 billion on Valen- numbers, there’s still about $6 billion focus on what might be a unique and If you are not on the mailing list, six-month
tine’s Day gifts. That figure actually in play this time of year. unexpected gift for a loved one (or subscriptions are available for $39.99. PDFs
was down from 2016, when $19.7 bil- For example, a WalletHub survey pet, or yourself, etc.). of the publication are online, free of charge.
For information, call 732-358-5200.
lion was spent. found that 24 percent of singles buy At the least, you should point out
Business owners should want to themselves Valentine’s Day gifts. one facet of the WalletHub survey: To submit a news release, please email
news@sibiztrends.com. For advertising
get into this game. Also, 20 percents of respondents Some 53 percent of the women sur- information, call 646-481-4026 or email
If you sell jewelry, flowers or candy, purchased a little something for their veyed said they would break up with bonnie@sibiztrends.com.
you already know what to expect. pets. Clearly, not everyone is buying their significant other if they didn’t
Business Trends welcomes suggestions and
Of that $18.2 billion, $4 billion was boxes of chocolates. receive a Valentine’s Day gift. comments from readers – including any
predicted to be spent on jewelry, $2 This time of year, when pocket- Now there’s an incentive for folks information about errors that may call for a
correction to be printed.
billion on flowers and $1.7 billion on books are open and people are spend- to get out there and buy some gifts.

What to do when you unexpectedly inherit the family business


By BRIDGET WESTON POLLACK tomers and vendors. Employees, especially, can be shak- business, there are several options aside from closing the
Grieving the loss of a loved one is difficult enough. It’s en by fear of losing their jobs. In some cases, team mem- doors. Depending on the business structure, you might
even harder when that loss suddenly pushes you into a bers may mourn the loss of your loved one, too, which sell your share to other partners or owners. Another op-
new role: business owner. can inject additional emotion into an already uncertain tion is to sell the business to an outside party.
You’re not alone if you inherited the family business situation. • Start long-term planning. If you’re committed to
with no formal succession plan in place. About 64 per- As soon as reasonably possible, make time to explain growing the family business, you’ll want to move out of
cent of family companies don’t have a written succes- the company’s short-term plans, whether that’s commu- the triage mode that often follows an owner’s death and
sion plan, while another 19 percent have one “in prog- nicating with key staff, such as managers and supervi- into long-term planning that builds a foundation for sta-
ress,” according to a Deloitte survey. sors, or talking directly with the employees themselves. bility, consistency and growth.
Use these tips to find your footing after you’ve sudden- • Ask, “Is owning a business right for me?” If you’re Two must-have tools include:
ly inherited the family business. already comfortable with the idea of business owner- Business plan: From understanding the market to out-
• Develop a picture of the current business situation. ship, fantastic! But, if not, you should understand that lining a budget, this document defines what success for
Talk with all the company’s current advisers, such as ac- owning a business isn’t the right choice for everyone. your company looks like and what steps you’ll take to get
countants, attorneys or bankers, to develop a 360-degree Making the decision to continue running a business there.
view of the company’s health. This lays the foundation you’ve suddenly inherited isn’t easy. You may feel a sense Succession plan: Safeguard your family from finding
for making informed short-term decisions that keep the of obligation toward the loved one you lost. Or perhaps themselves in a similar position if you suddenly die or
business and your sanity intact. you feel pressure to carry on a family legacy. Other fac- become incapacitated. Work with professionals such as
Take time to review important documents, as well, in- tors may play a role, too. For example, the business may accountants, attorneys and business advisers to develop
cluding bank statements, balance sheet, budget, business employ other family members, which can add pressure a plan that facilitates a deliberate and smooth transition
plan, and debt documentation, such as paperwork for to do the “right thing” and stay on as owner. for the next owner.
loans and credit lines. However, taking on small business ownership can be • Work with a mentor. A SCORE mentor is an invalu-
These conversations and resources will also help you harmful to your physical and emotional well-being if able resource when you’ve suddenly inherited the family
get a handle on the tax, legal and financial implications it’s not a responsibility you want. If you feel ambivalent business. Whether you need clarity on cash flow or guid-
of the transition. about it, take time to dig deeply to identify whether this ance on internal conflict resolution, a mentor will bring
• Communicate with stakeholders. An unexpected is the right path for you.
transition often brings uncertainty for employees, cus- Ultimately, if you decide to step away from the family please see SCORE, page 7
FEBRUARY 2018 – BUSINESS TRENDS 7

Photography For Your Next Event


What to do when you That Will Last A Lifetime!
inherit the family biz weddings
a family business.
sweet 16’s
SCORE
Continued from page 6
anniversaries
Bridget Weston Pollack is the birthday
vice president of marketing and
practical advice, fresh perspec- communications at the SCORE As- parties
tive and expert resources to the sociation. In this role, Bridget is
situation so you can make deci- responsible for all branding, mar- corporate
sions with confidence.
And, if you’re struggling to
keting, PR and communication ef-
forts. She focuses on implementing
events
decide whether ownership is marketing plans and strategies for much much
right for you in the long-term, a the organization to facilitate the
SCORE mentor is an ideal guide growth of SCORE’s mentoring and more!
for learning more about owning trainings services.

Steve White
When the news is sweet, We Tweet! 6 Genesee Avenue
Staten Island, NY 10308
Phone: 718.317.5025 Cell: 917.446.4029 Staten Arts Photography
When the news is bitter, We Still Twitter! Email: statenarts@aol.com www.statenartsphotography.com

Follow us at twitter.com/sibiztrends Entrust Steve White, an Award Winning Photographer with your event!

The YMCA Wants All Kids to be

Safe around the Water


New YMCA swim programs offer a mix of fun, “Water safety and swimming are important life skills in
the growth and development of all children,” said Mi-
physical activity and safety. chael Creegan, Aquatics Director for the South Shore
YMCA. “All children deserve access to water safety re-
Although summer may feel like a distant memory right sources that not only could save their lives, but enrich
now, this year’s swim season is not as far away as it might them with an outlet for fun, healthy activity.”
seem and it’s important to start preparing for a safe sum-
As a leading nonprofit committed to youth develop-
mer in and around the water.
ment, the Y has been a leader in providing swim lessons
The South Shore YMCA encourages Staten Island chil- and water safety for more than 100 years. The South
dren and parents to explore the many benefits of swim- Shore YMCA continues to help youth and adults experi-
ming through new YMCA swim programs that help ence the joy and benefits of swimming, so they can be
participants enjoy water sports, enhance or learn new healthy, confident and secure in the water. To ensure that
techniques, meet new friends and develop confidence, everyone has an opportunity to participate, financial as-
while also learning safety skills that can save lives. sistance is available to those in need to help cover the
costs.

To learn more about the South Shore YMCA’s swim programs,


please contact Michael Creegan at 718-227-3200 or mcreegan@ymcanyc.org.
Staten Island South Shore YMCA
3939 Richmond Avenue, Staten Island, NY 10312 • (718) 227-3200
8 BUSINESS TRENDS – FEBRUARY 2018

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FEBRUARY 2018 – BUSINESS TRENDS 9

Tax changes to positively affect small businesses, experts say


that were previously available experts optimistic about the fu- diately on both necessity and a the new deduction changes, they
TAXES
Continued from page 1
to businesses are still available
now, including those for re-
ture of the economy.
“This tax bill is 100 percent
bit of well-earned luxury like a
dinner out or small vacation. Po-
will learn to adapt.
“People will have to adapt how
search and development. what it promised to be,” Vento tentially, this will put the money they spend in their business,”
“In the area of depreciations concluded. “Small business in right into the economy and help Katz concluded. “The entertain-
biggest changes business own- expenses, there’s a section 179 particular will benefit from the economy grow, which would ment deduction might be gone,
ers will see in terms of deduc- deduction that allows businesses these changes, and there should in turn create jobs, which would but businesses will now find
tions focuses on entertainment to write off a certain amount be a resulting increase in jobs. in turn create a larger base of other means to spend those dol-
expenses. of furniture and equipment,” I think this tax law does a phe- tax payers, which clearly leads to lars – like advertising or edu-
“Business entertainment ex- Vento said. nomenal job of motivating the higher tax revenues for the gov- cational seminars. It will be a
penses have always been a 50 “Effective Jan. 1, that deduc- economy.” ernment.” challenge, but they will learn to
percent deduction,” Vento said. tion is increased to $1 million. Allan Katz, president of Com- Katz says while businesses watch their spending and adjust
“With this new tax law, those That’s a big incentive for busi- prehensive Wealth Management will be challenged by some of accordingly.”
expenses are no longer deduct- nesses to reinvest in their com- Group in Tottenville, agrees.
ible. And in the area of business pany.” “In regard to how this tax bill
meals, companies are now only Vento says another hot topic will affect the economy, many
PLANNING FOR
allowed to deduct 50 percent of that’s causing a lot of confusion pundits cite past tax reform that YOUR CHILD’S
a meal provided on employer is the law’s 20 percent tax break. ended up creating more saving FUTURE?
premise, not 100 percent. Plus “Regardless of how your busi- for the wealthy and didn’t actu- Allan Katz, CFP™ • 800.601.0622
things like country club dues ness is set up – sole proprietor- ally pour money into the econo- ARE YOU 243 Main Street SI, NY 10307
are no longer a write off, so busi- ship, partnership, S corporation my,” Katz noted.
nesses will have to make some or LLC – you will get the tax ben- “I believe this is different
LOOKING • FAFSA Applications
adjustments there as well. I efit of being able to reduce your in the sense that many lower- TO ACHIEVE • College Planning • Estate Planning
think the main implication we’ll business’ taxable income by 20 income households will see a • Retirement Planning
FINANCIAL • Medicare Planning
see here is that many businesses, percent,” Vento said. “This will lower tax bill, effectively in-
including larger corporations, result in a huge savings for small creasing their take home pay. INDEPENDENCE? • Seminars
will no longer be able to provide business owners who all qualify Most of these households will Securities and Advisory Services offered through Royal Alliance Associates, Inc., Member FINRA/SIPC.
Insurance and additional Advisory Services Offered through Comprehensive Wealth Management Group, LLC..
season tickets to sporting events for this tax break.” spend that money almost imme- A Registered Investment Advisor and Separate Entity of Royal Alliance
and other such perks.” Business owners will want to
Lobbying expenses are no monitor their personal income,
longer deductible and employee Vento noted, because once in-
achievement awards that were come reaches a certain level,
heretofore garnished with a that tax break will get reduced.
cash prize can no longer be given “When the personal taxable
– the reward now has to be tan- income of a single individual
gible property. And there’s a reaches $207,500, that tax break
provision in the law that affects doesn’t apply, and for married
existing sexual harassment set- individuals, income has to reach
tlements. $415,000,” Vento said. “So in
“If you’ve made a sexual ha- order to qualify for that big tax
rassment settlement as a busi- break, profits have to stay below
ness owner that included a
non-disclosure agreement, that
settlement is no longer tax de-
that amount.”
The new tax law now provides
for a flat 21 percent tax rate for
Direct Mail
ductible,” Vento said. “And in
today’s controversial climate on
this issue, that is a very timely
corporations.
“That caused a lot of business-
es to increase their profitability
Custom Web Design
point.”
Almost all of the tax credits
by 21 percent,” Vento said.
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10 BUSINESS TRENDS – FEBRUARY 2018

NYC comptroller hosts Staten


Island Workforce Forum
By JESSICA JONES-GORMAN
year providing a neighborhood- creased by 14 percent.”
Business Trends by-neighborhood analysis of Community Board members,
New York’s economy, document- workforce development rep-
After releasing a report last ing the changing business land- resentatives and Island busi-
scape of communities across ness leaders participated in

Now available
the five boroughs, the office of the discussion, which touched
New York City Comptroller Scott on targeted economic develop-
Stringer hosted a presentation ment strategies that will benefit
at Brighton Heights Reformed neighborhood residents. The fol-
Church on Jan. 16 to discuss its lowing findings of the borough’s
findings. economic profile report were
GREAT INVESTMENT “Our goal is to deliver a five-
borough economy, with robust
also highlighted:
• The unemployment rate
OPPORTUNITY! economic growth, where every-
one has a fair shot to thrive,”
was down to 5.2 percent in 2015
from 5.8 percent in 2000, and the
Fort Hamilton, Brooklyn Stringer noted. “If we’re going number of businesses in Staten
5 FAMILY- Brick 3-Story walk up to move into the future as a city,
we need to make New York more
Island grew by 22 percent from
2000 to 2015, to more than 9,000.
off Fort Hamilton Parkway. affordable for everyday people • From 2000 to 2015, Staten Is-
• Easement leads to yard or use it as parking. now. That means aligning work- land experienced tremendous
force development with the economic growth, with the num-
• Full unfinished basement, currently used for storage. needs of emerging businesses ber of businesses increasing 22
• Individual heating and hot water units. and connecting local residents percent – far outpacing the 16
• Walking distance to all. with new, local jobs. That’s true percent growth in the remainder
in Staten Island – and across the of the city.
Asking $2,899,000.00 five boroughs.” • Fifty-two percent of Staten
Call Rob for details 718-273-3800 The report, entitled “The New Islanders work inside Staten
Geography of Jobs: A Blueprint Island. Only 23 percent work
for Strengthening NYC Neigh- inside Manhattan, by far the
ase
For le borhoods,” placed special em- lowest share among the outer-
phasis on working class and boroughs.
gentrifying neighborhoods, pro- • The number of Staten Is-
viding a blueprint to ensure that landers working from home in-
employment and entrepreneur- creased by 68 percent from 2000
ship opportunities help spur to 2015.
local wealth creation and coun- • The number of Staten Is-
teract forces of displacement in landers with a bachelor’s degree
the city. jumped by 51 percent from 2000
MEDICAL SPACE AVAILABLE 2 STORES AVAILABLE IN GREAT KILLS “The economy is changing,” to 2015.
$2,250/Month including utilities. Amboy Rd & Giffords Lane Shopping Center Stringer continued. “The num- “As our city’s economy contin-
Looking for a Doctor, Physician Assistant, or Nurse 1000-2000 sq ft ber of New York City businesses ues to grow and neighborhoods
Practitioner to serve the St. George residents, staff from St. George Office Space for Rent outside of Manhattan grew by change, we must ensure that
the neighboring government agencies, court house, 650-6,500 sq ft available 28 percent over the last decade, long-time, local residents are the
schools, local businesses, and the new development of Victory Blvd & Manor Rd. Stores Available and the number of private sec- primary beneficiaries,” Stringer
hotels and Empire Outlets to the area. 400-1500 sq ft tor jobs grew by 27 percent. But concluded.
Great opportunity for a satellite office as well! we also have to make sure that “Together, we can move closer
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to 2015, while those making be- what this roundtable was all
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Office Buildings
Visit us online at www.sibiztrends.com
FEBRUARY 2018 – BUSINESS TRENDS 11

Ed Birdie Eugene Garaventa, Ph.D. Raymond Masucci Josephine Savastano


NY Power Authority Raymond Homes Inc. Wells Fargo Bank
Elysa Goldman
Ralph Branca, SIEDC Chairman Triangle Equities Daniel Messina, Ph.D. John Tardy
Victory State Bank Richmond University Medical Center JVN Restoration
Brian Gomez
Investors Bank Kenneth Mitchell Lou Tobacco
Pamela Coppola Columbia
Statewide Fire Corp. Staten Island Zoo Staten Island University Hospital
Charlie Greinsky
Richard Corash James P. Molinaro Joseph Torres
Richard Guarasci, Ph.D. Merrill Lynch
Corash and Hollender, P.C.
Wagner College Paula Monteiro
Tom Corbett IDB Bank Mark Tranchina
Philip Guarnieri The Vanderbilt at
Corbett Enterprises
Empire State Bank Robert P. Moore South Beach
Carol Decina
Andrew Hughes TJ Moore --------------------
National Grid
TD Bank Bedford Carp Construction
John DiFazio R. Randy Lee
Steve Klein Frank N. Naso Chairman Emeritus
Faztec Industries
The Naso Organization
John DiLeo Jr. Michael Manzulli
Gina Laine Michele O’Connell Chairman Emeritus
Hylan Datacom & Electrical LLC
Richmond County Savings Bank/ Con Edison
NYCB
Joseph Ferrara
BFC Partners/ Empire Outlets James O’Keefe, Ph.D.
Hank Levin St. John’s University
Pratt Industries
Anthony Ferreri
Joan Risko
Crystal Lia Santander Bank
Stanley M. Friedman
Capital One Bank
Anthony Santo
William Fritz, Ph.D.
Henry F Malarkey & Co PC
College of Staten Island

SIEDC
12 BUSINESS TRENDS – FEBRUARY 2018

DOREEN
Talks
Real Estate
Presented by
Doreen S. Frazer, Realtor/Owner

CONDO APPEAL
Today we are seeing an abundance
of new condos being built all over
Staten Island. They come in many
styles and sizes. Whether it is in a high
rise building, a townhouse or a detached
residence, the appeal is growing more

Your Ad
and more.

ATTENTION
While we are seeing rapidly rising
prices here, Staten Island remains the
place to get more for your money as

Could Be
compared to the other boroughs. Buying

REAL ESTATE AGENTS


a condo in many cases further reduces
what you will be paying, say for a
detached home. For example, the cost

Here.
of a 1,500 square foot detached home

AND BROKERS
may be considerably higher than the
same square footage in a condo. So, if
space is what you are looking for, a
condo may be for you.
Another popular reason for buying a
today busy world is the
condo in today’s
elimination of hours working to
You can be featured maintain your home, doing yard work,
snow removal etc. Time is precious and
this concept is shared by singles, couples,

in the next issue! families and empty nesters. Also,


purchasing a condo gives you the
opportunity to build equity and the ability

Hurry,
to take advantage of tax deductions for
Combine your real estate market mortgage interest and property taxes.
If you’re thinking of buying a home
knowledge with your product
Space Is
or listing one, please call Frandore Realty
at 718.667.9400 or 917.385.8692
_____________________________
and appear in this column, Frandore Realty
or showcase your listings or
Limited. business card in this section.

Your g
in
RE Liste!
Her HUGUENOT HIGH $600s
LUXURY CUSTOM CONDOS - MUST SEE!
(4) Units available: Unit A (2); Front Entrances

Don’t
3,400 s.f., 3bedrms/3baths, Custom Kitchen, Fireplace,
terrace off Mbdrm,Huge finished-high ceiling basement,
custom moulding, hardwd flrs thruout, central AC
Unit B (2); Side Entrances, 2.700 s.f., 3 bedrms/3baths
Private elevator to main flr.,Custom Kitchen, Fireplace

Miss Out!
Terrace off Mbdrm, Huge Loft (possible 4th bdrm.),
spiral stairs to add’l smaller loft,
hardwd flrs. thruout central AC
ELECTRONIC GATES TO REAR PARKING AREA
For more information
to advertise, call Bonnie
Contact: DOREEN S. FRAZER
646.481.4026 or email Licensed Real Estate Broker
CELL: 917.385.8692
Bonnie@SiBiztrends.com doreen.frazer@gmail.com
FEBRUARY 2018 – BUSINESS TRENDS 13

Giving comes full circle


photographs to give to the moth- for the seniors at Canterbury
GIVING
Continued from page 2
ers – which has proven to be a
highlight of the parties because
House, participated in Operation
Fairydust, collecting gently-used
many times these photographs prom attire for high school stu-
are the only pictures the moth- dents in need, and distributed
than 100 Staten Island children ers have of their children.” hundreds of filled backpacks
who didn’t have cause for any The organization also com- please see GIVE, page 15
such celebration. pleted a “Lending Library”
The Adopt-a-Pantry initiative
was developed next, encourag-
ing businesses, organizations
and independent donors to com-
mit monetary contributions to
one of the 40 food pantries here
on Staten Island.
But Kormanik didn’t stop
there. She planned an annual ice
cream social at the Carousel for
all Children, collected swimsuits
and towels for needy children
to use at public pools and orga-
nized limited raffles for the Viet-
nam Veterans of America.
“They were all just very sim-
ple ideas that we developed at
our meetings,” Kormanik said.
“Just as the name of our group
suggests, we created a nice little
circle of giving in which we
were able to consistently help
our neighbors in need.”
There are no membership fees
and each program is completely
voluntary. The group keeps noth-
ing – each and every donation is
given directly to local recipients

Let’s prepare for the future of


or used to fund Giving Circle
projects. In the past 10 years, the
501 C(3) organization has donat-

your business, together.


ed close to $100,000 to a variety
of causes and charities – focus-
ing a good portion of its support
on Staten Island food pantries.
“We are a population of
460,000 and there are many, Whether you are just starting out, or getting ready to pass your business down to your children,
many people living on the fringe our financial professionals will provide expertise and guidance to help you plan for your business’s
of hunger and homelessness,” financial future. We’re committed to helping you get to where you want to go with your business.
Kormanik said.
And while collections/dona- Learn more about how we can help you carry out your long term vision.
tions for charities are the nucle-
us of the Staten Island Giving
Circle’s mission, Kormanik says Michelle Cutler, Agency Marketing Director
Lee, Nolan & Koroghlian
the group’s satellite projects are
2 Teleport Drive, Suite 300, Staten Island, NY 10311
equally as important.
718-568-2541 • mcutler@financialguide.com
“We still continue to host
www.leenolan.com
those bi-monthly birthday par-
ties for homeless children with
Project Hospitality,” Kormanik
said. “We have a generous donor
who funds this initiative and we
take a large sheet cake, bever- Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001, and its affiliated US insurance companies. MassMutual Financial
ages, snacks, games and bags Group is a marketing name for MassMutual and its affiliated companies and sales representatives. Insurance products issued by MassMutual, Springfield, MA
of gifts for the birthday boys 01111, and its subsidiaries, C.M. Life Insurance Co. and MML Bay State Life Insurance Co., Enfield, CT 06082. CRN201910-220680
and girls. Our leaders also take
14 BUSINESS TRENDS – FEBRUARY 2018

Weekly Meetings
info, call 347-273-1375.
#EATSOMECAKE
EVENTS College of S.I., Small Bus. Dev.
Ctr. Business Counseling: CSI,
• Custom Cakes & Cupcakes for All Occasions Continued from page 4 2800 Victory Blvd. 9 a.m. to 5 p.m.
• Baskets • Favors • and more… For info, call 718-982-2560.
Comfort Inn. 7:00 to 8:15 a.m. For
info, email jcmexp@aol.com
WE DELIVER AND SHIP NATIONWIDE!
Planning a Special Event, Contact info@marksbakeshoppe.com. Staten Island Business Council:
Andrew’s Diner, 4160 Hylan Blvd. 7
Thursday
a.m. Members and invited guests Bus. Outreach Ctr of SI/
only. For info, call 347-855-4488 or WBCLDC Small Bus. Counseling
send an e-mail to info@sibizcoun- – MWBE/BOC Capital: WBCLDC,
cil.com. 705 Forest Ave., 2nd Fl. By appoint-
ment only. Call 718-816-4775.
Bucks Business Network: Hamp-
ton Inn, 1120 South Ave. 7:45 a.m. Kiwanis Club of Staten Island:
For info, call 718-351-2557 or visit LiGreci’s Staten, 697 Forest Ave.
Baked fresh daily, our Staten Island bakery is home to a variety www.sibucks.com. 7:30 p.m. For info, call 718-967-
4345 or kiwanisclubofstatenisland.
of Cakes, Pastry, Breads, Donuts and more! Our coffee is the perfect Kiwanis Club of Brighton: Jody’s
com.
compliment to our delicious treats, organic and local, we grind and Club Forest, 372 Forest Ave. 7:30
p.m. For info, call 718-348-0505. Rotary Club of South Shore: Man-
brew Unique Coffee Roasters Coffee. sion Grand, 141 Mansion Ave. 12:15
Kiwanis Club of North Central:
We like to think our Bake Shoppe is top notch, but don’t LiGreci’s Staten, 697 Forest Ave. p.m. For info, call 718-987-2061 or
visit southshorerotary.org.
take our word for it! Try for yourself! 7:30 p.m. Call Len Bosso at 718-
442-7804. Rotary Club Mid-Island: New Dako-
ta Diner, 921 Richmond Ave. 7:30 to
E.L.I.T.E. (Executive, Leader-
9:00 a.m. Call 718-981-0700.
3479 Richmond Road, Richmond Town • 718-668-2600 ship, Interactive, Team, Effort)
www.MarksBakeShoppe.com Networking Group: 1110 South Ave.
8 a.m. New members welcome. For
SCORE Business Counseling:
please see EVENTS, page 16
FEBRUARY 2018 – BUSINESS TRENDS 15

Giving comes full circle


“The generosity of this borough need,” Kormanik said. “But we
GIVING
Continued from page 13
is so evident in the voluminous
amount of donations that we
were able to collect more than
$30,000 in gift cards and probably
receive at each and every meet- a half million dollars’ worth of
ing.” clothing and supplies.”
to children returning to school. Throughout the years, they’ve The non-profit, which has
Each winter, members collect at sent slippers to Sri Lanka, become recognized in the com-
least 500 gently-used coats that denim to Detroit, baby supplies munity for all of its charitable
are donated to Project Hospital- to Haiti and clothing and shoes work, celebrated its 10-year an-
ity. to underserved communities in niversary on Jan. 17 with a pre-
“We have a team that goes Delaware County, N.Y., and Mis- sentation of a $10,000 grant from
down by the ferry and distrib- sissippi. The Giving Circle has Cesar Claro with the Richmond
utes backpacks filled with warm also provided handheld calcula- County Savings Foundation.
hats, gloves and hygiene prod- tors and book bags to schools Kormanik addressed more than
ucts – towels, washcloths, Purell in New Jersey where they were 80 members with this quote:
and Kleenex,” Kormanik said. desperately needed. “There is no Royal Road to
“And there’s the sandwich proj- “We make a concerted effort anything. One thing at a time,
ect in which we help pack lunch- to keep our circle projects local, all things in succession. That
es for the poor.” but some of these other needs which grows fast withers as rap-
They raise scholarship mon- are just too desperate to ignore,” idly. That which grows slowly
ies for underprivileged students Kormanik said. endures.”
and collect some sort of dona- One of the biggest challenges The Giving Circle’s executive
tion – cans of food, work gloves for the organization was helping committee consists of Charlotte
and other essentials at each and the community cope with the af- Sciarrino, Carol Crocitto, Pat
every meeting. termath of Hurricane Sandy. Schwimer and Laura Parente-
“I call my husband, Mike, the “It was very intense because Norten. They meet on the third
CEO because he has to Carry Ev- we were faced with the concept Wednesday of every month at 7
erything Out,” Kormanik joked. of helping so many people in p.m. in the Old Bermuda Inn.
16 BUSINESS TRENDS – FEBRUARY 2018

Weekly Meetings
College of S.I., Small Bus. Dev.

EVENTS
Continued from page 14
Ctr. Business Counseling: CSI,
2800 Victory Blvd. 9 a.m. to 5 p.m.
For info, call 718-982-2560.
Community Emergency
Staten Island Advance Building, Response Team (CERT): 7 p.m.
950 W. Fingerboard Road. 9 a.m. to Call John Tidona at 448-7160 or
noon. No charge. Call 718-727-1221. portrichcert@yahoo.com.
Call: 718-727-1221 Rotary Club of North Shore:
SCORE is the most recognized Email: info@scoresi.org LiGreci’s Staten, 697 Forest Ave. 7

and utilized provider of Web: www.statenisland.SCORE.org


p.m. Call Christine DeHart at 718-
448-4725.
friday
Bus. Outreach Ctr of SI/
FREE Confidential Mentoring Business Network Int’l. (BNI)
WBCLDC Small Bus. Counseling
and Educational services to Staten Island SCORE New Headquarters High Achievers Chapter: PK’s
– MWBE/BOC Capital: WBCLDC,
Restaurant,1281 Arthur Kill Rd. 7 to
705 Forest Ave., 2nd Fl. By appoint-
America’s small businesses. 8:30 a.m. Call Timothy Houston at
Staten Island Advance Building 718-981-8600.
ment only. Call 718-816-4775.
950 West Fingerboard Road
Let SCORE help YOU! Business Guild II of the S.I.
Chamber of Commerce: Hilton
BUILD – GROW – THRIVE
Walk-Ins Welcome Garden Inn, 1100 South Ave. 7:45 Saturday
Tuesdays & Thursdays from 9:00 am to Noon to 8:45 a.m. Members and invited SCORE Business Counseling: St.
guests only. For info, call Lou Rizzo George Library, 5 Central Ave. 10
Other Times “By Appointment Only” at 718-490-0057. a.m. to noon. Appointment neces-
Business Guild III of the sary. Call 718-442-8560.
SI Chamber of Commerce: SCORE Business Counseling:
Annandale Terrace. 7:45 a.m. Richmondtown Library, 200 Clarke
Visit us online at www.sibiztrends.com New members welcome. Call Shy Ave. 10 to 11:30 a.m. Call 718-668-
Shalem . 0413.

CALLING
ALL WOMEN!
Business Owners, Leaders, Professionals and Staff Members

Find out how you can showcase


these exceptional women in the
March issue.
Contact Bonnie at 646.481.4026 or email
Bonnie@SIBiztrends.com for more information.

Deadline is Thursday, February 22nd.


FEBRUARY 2018 – BUSINESS TRENDS 17
18 BUSINESS TRENDS – FEBRUARY 2018

Businesses need to adjust to new Paid Family Leave


ee payroll contributions, PFL relatives covered by FMLA while cent for 12 weeks by 2021. And to obtain Paid Family Leave in-
LEAVE
Continued from page 1
also ensures continuation of
health insurance while out and
also covering domestic partners,
children of any age, parent-in-
experts say in other states this
law has been a boon for produc-
surance,” she noted. “Contact
your broker or insurer for infor-
job protection. laws, grandparents and grand- tivity. mation about available policies
And while there are some children.” “The good news is that a 2014 and options for paying your pre-
nation’s leading employee ben- blurred lines between new and Also worth noting is the avail- report from the President’s mium.”
efits providers. “Employers need older leave acts, according to ability of PFL to employees Council of Economic Advisers It is also the employer’s re-
to understand the advantages McCann, the most distinct dif- who’ve had children in 2017. indicated that 90 percent of em- sponsibility to inform employ-
and challenges of paid family ference between this benefit and “As you may know, employees ployers affected by California’s ees about Paid Family Leave,
leave so they can make strategic FMLA is family members cov- could not file for PFL until Jan. paid family leave initiative re- Fitzgerald wrote.
decisions about what’s best for ered under PFL are more broad- 1,” McCann said. “But if they ported either positive or no no- “Update appropriate mate-
their workforce.” ly defined. had a child in 2017 and used all ticeable effect on profitability, rials, such as employee hand-
The newly passed program al- “Under FMLA, employees are of their FMLA to bond, they turnover and morale,” McCann books, to include Paid Family
lows almost all private employ- allowed paid leave to care for a can now file for PFL because it added. “The key to a success- Leave information and post an
ees eight weeks of paid leave to parent, spouse or child under the is brand new and didn’t exist ful introduction is developing employee notice provided from
care for loved ones with a seri- age of 18,” McCann said. “If the as an entitlement during their a strategy for managing leave your insurance carrier.”
ous health condition, to bond child is over 18, there needs to time off. Those employees can benefits – stay current with leg- And prepare for employee
with a new child or to help sup- be documented proof of a seri- now take another leave as long islation, evaluate your organiza- payroll contributions.
port their family when someone ous health condition or inability as they finish that leave before tion’s administrative burden and “Update your payroll process-
is recently made active in mili- to care for themselves. PFL, on their child turns 1. The leave is assess the impact of leave ben- es to collect the employee contri-
tary service. Funded by employ- the other hand, covers the same also allowed to be intermittent efits on your company.” butions that pay for this insur-
– they can take one day at a time Katherine Fitzgerald, a work- ance,” Fitzgerald concluded. “It
until the eight weeks have ex- force development analyst with is strongly recommended you
Hometown news. When it happens. pired.” the Staten Island Chamber of notify employees before with-
The benefits of PFL will also Commerce, penned a newsletter holding any contributions.”
Or Shortly Thereafter. become more generous with last month on what employers For more information about
time: Wage replacement is cur- need to know about PFL. New York State Paid Fam-
rently at 50 percent for the eight “Private employers with one ily Leave, visit www.ny.gov/paid-
Follow us at twitter.com/sibiztrends weeks but will increase to 67 per- or more employees are required familyleave.

APB Security SyStemS, inc. • 1 telePort Drive #203, StAten iSlAnD, ny 10311
FEBRUARY 2018 – BUSINESS TRENDS 19
20 BUSINESS TRENDS – FEBRUARY 2018