Business

Long Island may lose up to 375,000 jobs and nearly $61 billion in economic activity this year because of the pandemic, according to a study commissioned by Suffolk and Nassau Counties. During the first two months of the pandemic, 270,000 residents lost their jobs. It was the highest rate of job losses in the country at the time.

These prices have been calculated from the county transfer tax. Unless otherwise noted, the parcels contain structures.

These prices have been calculated from the county transfer tax. Unless otherwise noted, the parcels contain structures.

At the onset of the pandemic in early spring, a mad dash of New York City residents seeking an East End refuge led to a surge in rentals, which depleted inventory of all but the most expensive properties. Given what landlords were asking per month, people began to think, "For that money I could carry this house for a year. . . . When we hit that tipping point, the flood gates opened."

These prices have been calculated from the county transfer tax. Unless otherwise noted, the parcels contain structures.

Restaurants are allowed to welcome guests indoors now that Long Island has entered phase three of reopening as of Wednesday, but because of safety concerns, several East End eateries are opting to stick with outdoor dining and takeout instead.

A medical practice opens in Amagansett and Southampton, and there's a new line of bath bombs and salts.

The Surf Lodge in Montauk will reopen, for hotel guests only, on Wednesday, with contactless check-in, a virtual concierge, in-room wellness classes, pre-bottled cocktails, and other Covid-mindful protocols.

These prices have been calculated from the county transfer tax. Unless otherwise noted, the parcels contain structures.

Inspired by similar operations across the country, and empowered by rules that say Native American communities can grow hemp, Shinnecock Hemp has begun cultivating the plant.

After getting permission for outdoor dining from state and local officials, East End restaurants are finding creative ways to make room for as many customers as possible this summer.

The Independent and Dan’s Papers merge, as do the real estate firms Halstead and Brown Harris Stevens.

These prices have been calculated from the county transfer tax. Unless otherwise noted, the parcels contain structures.

These prices have been calculated from the county transfer tax. Unless otherwise noted, the parcels contain structures.

New sectors of economy reopened Wednesday as Covid-19 impacts continue to subside. In-store retail, salons, professional offices, and car dealerships are among the businesses that are now cleared to operate.

Shopkeepers in the village are hoping to recapture lost customers with curbside pickup, but in the words of one, it's been "more of a trickle than a river."

East Hampton Village Mayor Richard Lawler will issue an executive order to allow restaurants and takeout food stores to set up temporary outdoor dining areas on public property starting next Wednesday in a move aimed at providing a much-needed boost to village restaurants and the commercial district in general. Sag Harbor is proposing a similar move.

These prices have been calculated from the county transfer tax. Unless otherwise noted, the parcels contain structures.

Jobs cancelled, loans rejected, two months waiting for unemployment to kick in, creditors calling. This Amagansett contractor's story will sound familiar to many who've been left reeling from the financial pain of the pandemic.

Two months of a nearly complete economic standstill came to an end Wednesday, when Long Island reached regional criteria necessary to reinstate some industries as evidence shows that the spread of Covid-19 here is increasingly under control.

One month after the Peconic Bay Community Preservation Fund recorded the highest first quarter revenues in its 22-year history, Assemblyman Fred W. Thiele Jr. announced last Thursday that in April revenues had fallen to a level more on par with 2019.

These prices have been calculated from the county transfer tax. Unless otherwise noted, the parcels contain structures.

The $100 million program will provide low-interest loans to small business owners, nonprofits like day care centers and food banks, and residential landlords who did not receive one of the federal loans offered earlier. Eighteen percent of the money will be set aside for Long Island.

As with nearly everything else in the Northeast, private jet travel has declined during the Covid-19 pandemic, but not by as much as one might assume.

The closure of restaurants and bars, endless time at home, various distillations of apocalyptic doom — these ingredients make a strong cocktail for business at wine and liquor stores during the pandemic. 

South Fork retail stores have been closed to the public during the economic shutdown, but when they are allowed to reopen, shopkeepers said this week that they will be welcoming back customers with steam-cleaned products, curbside pickup, sidewalk sales, and pleas to wear masks and practice social distancing.

Blumenfeld and Fleming, an advertising, marketing, and design firm in Montauk, has won three platinum and five gold awards in the international Hermes Creative Awards competition.

These prices have been calculated from the county transfer tax. 

Wary about the prospect of welcoming a series of new visitors in the midst of the Covid-19 pandemic, the inn's management announced this week that it will seek to rent the entire property from June 1 to Labor Day for $1 million, or $350,000 per month.

Using Airbnb is out, enlisting a savvy broker is in. Short-term bookings are out, long-term stays are in. Standard leases are out, customized ones with Covid-19 riders are in.