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Campolo Details Economic Development Initiatives at HIA-LI Trade Show and Executive Breakfast

Posted: October 15th, 2021

Joe Campolo, CMM Managing Partner and Chairman of HIA-LI’s Long Island Innovation Park at Hauppauge Task Force (LI-IPH), spoke as a panelist at the 33rd annual HIA-LI Trade Show Executive Breakfast on October 14, 2021. Campolo spoke about the critical economic development initiatives the Task Force is tackling, including:

  • taking advantage of the LI-IPH’s “Edge City” characteristics to maximize economic development;
  • challenges and opportunities in the LI-IPH, including school district enrollment concerns and wastewater challenges;
  • the tremendous untapped economic potential of MacArthur Airport – including the $1.1 billion the airport stands to make by adding more nonstop flights for the business community. The study was spearheaded and conducted by CMM on behalf of HIA-LI.

Campolo was joined by moderator Mitch Pally, CEO of Long Island Builders Institute, and panelists Kelley Coughlan-Heck, Executive Vice Principal of TRITEC; Scott Burman, Principal of Engel Burman; and Michael Brod, Managing Director of Canoe Place Inn and Rechler Equity Partners.

CMM’s LI MacArthur Airport Survey Featured on WSHU

Posted: October 15th, 2021

By J.D. Allen

Some companies retreated from New York City to the suburbs due to the pandemic. Now, a survey of about 500 companies found there are big business opportunities to add more nonstop flights at Long Island MacArthur Airport in Islip.

For Bob Isaksen, a Melville native and market executive for business banking at Bank of America, that means more ways to bring business to Long Island.

“Business travelers much prefer nonstop air travel,” Isaksen said.

The MacArthur has three major U.S. domestic air carriers that currently provide service to 11 cities nonstop and connect to hundreds of destinations worldwide: American Airlines, Frontier Airlines and Southwest Airlines. The survey found there is appetite to expand those offerings.

The survey was conducted in August and September by HIA-LI, one of Long Island’s largest business advocacy organizations. Terri Alessi-Miceli, the group’s president and CEO, said it found corporate travel budgets could potentially expand if MacArthur airport had more flights, which could generate more than $1 billion in new airport revenue annually.

“The dynamic has changed considerably,” Alessi-Miceli said. “Many people are working from home, others getting back to work in some sort of work setting, whatever that looks like. They’re actually itching to get back [into] travel.”

“It’s really: the consumer wins,” said Joe Campolo, the group’s immediate past chair and managing partner at the Ronkonkoma-based law firm Campolo, Middleton & McCormick, LLP, which ran the survey. He said Long Island businesses would be willing to pay more to fly direct out of Islip and avoid the inconvenience of driving to LaGuardia or Kennedy airports. “There will be ancillary economic advantages to the town and the airlines for sure.”

Campolo said the goal of the survey is to make sure that the region’s business community remains viable. He said the businesses relied heavily on travel pre-COVID, especially for trade shows, and weren’t able to fly out of Islip as their airport of choice.

“One of the indicators right now, I think in a post-COVID world, is how much business travel is there actually going to be?” he said. “Zoom can only take you so far with clients, but meeting face to face is still an important part of business development.”

The survey said increased corporate travel to and from Long Island would generate…. Continue Reading

Allen, J., 2021. Long Island businesses see an opportunity to expand flights to Islip's MacArthur Airport. [online] Wshu.org. Available at: https://www.wshu.org/post/long-island-businesses-see-opportunity-expand-flights-islips-macarthur-airport#stream/0 [Accessed 15 October 2021].

LIBN: MacArthur could generate $1B more revenue by adding nonstop flights

Posted: October 15th, 2021

By Adina Genn

By adding more nonstop flights, Long Island MacArthur Airport in Islip could more than double business air travel, generating more than $1 billion in new revenue each year, according to a new survey.

That’s according to an analysis of an HIA-LI-sponsored survey issued to assess the current and future travel needs of Long Island’s business community. The survey of 504 Long Island businesses was conducted between Aug. 3 and Sept. 6 by Campolo, Middleton & McCormick, a law firm headquartered in Ronkonkoma.

Now, as more people are traveling amid the pandemic, leaders in the business community are broadcasting the analysis as part of an effort to get more airlines to understand the additional revenue opportunity they would have by bringing nonstop flights to MacArthur. The airport is owned and operated by the Town of Islip, and serves about 2 million people a year. Commercial airlines at MacArthur include Southwest, American and Frontier Airlines.

In the recent HIA-LI survey, firms reported annual travel budgets ranging from under $5,000 to more than $20,000. Currently, the firms spend an average of 36.2 percent of their overall travel budgets at MacArthur Airport. This amounts to about $1.9 million out of their average, full-year, travel budgets of $5.2 million, according to the analysis.

The survey found that with more nonstop flights at the airport, businesses travelers would increase travel out of Islip, increasing their budgets at MacArthur to 78.8 percent, a 218 percent increase. That projected annual spending would then increase to $4.1 million.

The survey conductors than applied those results to Long Island’s business sector as a whole. It projected that there were about 61,076 businesses in Suffolk County with travel budgets, and would boost their spending at the airport to as much as $532.2 million, if more nonstop flights were added.  And Nassau County’s estimated businesses with travel budgets would spend up to $530.8 million additional at MacArthur.

Those projections showed the additional $1 billion in revenue, prompting the business community to join in on a call for more nonstop flights.

“This survey clearly demonstrates Long Island MacArthur Airport’s significant untapped value,” HIA-LI President and CEO Terri Alessi-Miceli said in a statement. “Long Island business, government, and civic leaders need to join forces to expand the number of nonstop flights offered by the airport.”

“Long Island MacArthur Airport already stands as an important economic development asset for Long Island,” Richard Humann, president and CEO of H2M architects + engineers and chairperson of the HIA-LI board, said in a statement. “A key goal of this survey is to help the airport build momentum toward expanding its schedule of nonstop offerings, and that’s how we’ll put it to use.”

“The potential revenue that stands to be made from adding more nonstop flights at MacArthur Airport is staggering,” Joe Campolo said in a statement.

Campolo is the immediate past chair of HIA-LI, and managing partner at Campolo, Middleton & McCormick, and a member of the Town of Islip’s Long Island MacArthur Airport Advisory Board.  He said that with his team, he “spearheaded this survey to demonstrate the power and cohesiveness of the Long Island business community. Together, we can effectuate this monumental step forward for our region and economy.”

The airport’s leadership seemed to appreciate the call for more nonstop flights.

“HIA-LI is a tremendous positive force and advocate for economic prosperity for all of Long Island,” Town of Islip Supervisor Angie Carpenter said in a statement. “They understand that Long Island MacArthur Airport represents an important asset and an economic engine for our entire region both now and in the future.”

That kind of support from the business community is taking place elsewhere in the United States.

“Around the country we see chambers of commerce, convention and visitors’ bureaus, local governments, regional economic development associations, universities, and elected officials coordinating with their airports in a cooperative and unified manner, pledging support and frequently marketing dollars to ensure the success of new airline service and the ‘Fly Local’ use of airport assets,” Airport Commissioner Shelley LaRose-Arken said in a statement.

“Business travelers much prefer nonstop air travel,” Bob Isaksen, market executive for business banking at Bank of America and an HIA-LI board member, said in a statement. “We want this survey to send a strong message to airlines about the payoff they’ll receive by deepening their commitment to Long Island MacArthur Airport.”

Read the original article on LIBN

CMM’s Survey Shows LI MacArthur Airport Could Generate $1.1 Billion

Posted: October 13th, 2021

The addition of more nonstop flights at Long Island MacArthur Airport in Islip holds the potential to generate more than $1 billion in new airport revenue annually, according to the analysis of a new survey of 504 Long Island businesses.

The Long Island MacArthur Airport Survey was designed to examine the current and future travel needs of the Long Island business community. Conducted between August 3, 2021 and September 6, 2021, the survey was sponsored by Hauppauge-based HIA-LI, one of Long Island’s largest business advocacy organizations. The survey was conducted by Campolo, Middleton & McCormick, LLP, a law firm headquartered in Ronkonkoma.

The surveyed firms reported annual travel budgets ranging from under $5,000 to more than $20,000. These companies currently spend an average of 36.2 percent of their overall travel budgets at Long Island MacArthur Airport. In dollar terms, this equals about $1.9 million out of their average, full-year, travel budgets of $5.2 million.

If the airport were to add additional nonstop flights, however, respondents said that this percentage would go up to 78.8 percent, a 218-percent increase. Their projected annual spending at the airport would rise to $4.1 million.

Grouping these businesses together as representative of Long Island’s business sector as a whole, an analysis of the survey results also looked at the potential for increased usage of Long Island MacArthur Airport by Nassau and Suffolk firms.

The analysis projected that Suffolk County has some 61,076 businesses with travel budgets. Applying the conclusions reached from the survey, these Suffolk firms would boost their spending at the airport by up to $532.2 million if more nonstop flights were added.

Nassau County is home to as many as 60,919 companies with business travel budgets. Applying the responses of surveyed companies to the Nassau business sector as a whole, firms in the county would spend up to $530.8 million more at Long Island MacArthur Airport if the airport were to add additional nonstop destinations.

Taken together, if the airport expanded its number of nonstop flights, the two counties hold the potential to generate as much as $1.1 billion in revenue.

“This survey clearly demonstrates Long Island MacArthur Airport’s significant untapped value,” said HIA-LI President and CEO Terri Alessi-Miceli. “Long Island business, government, and civic leaders need to join forces to expand the number of nonstop flights offered by the airport.”

“Long Island MacArthur Airport already stands as an important economic development asset for Long Island,” said Richard Humann, PE, who is President and CEO of H2M architects + engineers and serves as Chairperson of the HIA-LI board. “A key goal of this survey is to help the airport build momentum toward expanding its schedule of nonstop offerings, and that’s how we’ll put it to use.”

“The potential revenue that stands to be made from adding more nonstop flights at MacArthur Airport is staggering,” said Joe Campolo, Immediate Past Chair of HIA-LI, Managing Partner at Campolo, Middleton & McCormick, LLP, and a member of the Town of Islip’s Long Island MacArthur Airport Advisory Board. “My team and I spearheaded this survey to demonstrate the power and cohesiveness of the Long Island business community. Together, we can effectuate this monumental step forward for our region and economy.”

“HIA-LI is a tremendous positive force and advocate for economic prosperity for all of Long Island,” said Town of Islip Supervisor Angie Carpenter. “They understand that Long Island MacArthur Airport represents an important asset and an economic engine for our entire region both now and in the future. We are so grateful to HIA-LI members, HIA-LI President and CEO Terri Alessi-Miceli, and the organization’s Immediate Past Board Chair Joe Campolo, Managing Partner at Campolo, Middleton & McCormick, LLP,” she stated.

“Around the country we see chambers of commerce, convention and visitors’ bureaus, local governments, regional economic development associations, universities, and elected officials coordinating with their airports in a cooperative and unified manner, pledging support and frequently marketing dollars to ensure the success of new airline service and the ‘Fly Local’ use of airport assets,” said Airport Commissioner Shelley LaRose-Arken.

“Business travelers much prefer nonstop air travel,” said Bob Isaksen, Market Executive for Business Banking at Bank of America and an HIA-LI board member. “We want this survey to send a strong message to airlines about the payoff they’ll receive by deepening their commitment to Long Island MacArthur Airport.”

The Town of Islip owns and operates Long Island MacArthur Airport, which serves about two million airline passengers a year.

For a copy of the survey and an executive summary of the results, click below:

ABOUT LONG ISLAND MACARTHUR AIRPORT

Long Island MacArthur Airport customers enjoy flights on three major US domestic air carriers: American Airlines, Frontier Airlines, and Southwest Airlines. Together these carriers currently provide service to eleven cities nonstop and connect to hundreds of destinations worldwide. The airport serves 1.3M passengers annually and employs 6000 people, with a $16.1M annual operating budget and an economic impact of $600M to the region and local economy.  For more information, go to https://MacArthurAirport.com

HIA-LI. (2021, October 12). SURVEY OF OVER 500 LONG ISLAND FIRMS SHOWS THAT LONG ISLAND MACARTHUR AIRPORT COULD MORE THAN DOUBLE BUSINESS AIR TRAVEL BY ADDING MORE NONSTOP FLIGHTS. PROJECTING SURVEY RESULTS ISLAND-WIDE, AIRPORT COULD GENERAT $1.1 BILLION IN ADDED ANNUAL REVENUE [Press release].

CMM Closes Multiple High-Value Transactions in Complex Family Business Deal

Posted: October 13th, 2021

CMM’s Corporate team has closed a large multimillion-dollar deal involving a host of coordinated transactions as part of a multi-step process to separate family members from being in business together, one of them being our client. The deal involved over 15 different companies, with over 70 documents signed in two days. The transactions also involved keeping meticulous track of over 40 parcels of land connected to the deal. Overall, over $100 million changed hands.

While the coordinated transactions were complicated, Senior Partner and Corporate Department Chair Christine Malafi led the CMM team, including Senior Associate Vincent Costa and Associate Marc Saracino, to close the deal successfully. Paralegal Katharine Campolo’s efforts were essential in keeping track of the numerous documents throughout the deal. Even CMM’s administrative team played a role, helping work out some technical issues that arose in connection with the document-heavy transactions, to keep the deal moving smoothly toward closing.

The success of the complicated deal demonstrates CMM’s ability to handle large and complex matters, doing what it takes to make sure the deal is done right. These efforts are why Forbes has recognized CMM as a Top Corporate Law Firm in America. Please contact us for your next business deal.

Eisenbud Featured in The New York Environmental Lawyer, 2021 Vol. 41, No. 1

Posted: September 30th, 2021

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This article by Frederick Eisenbud, head of CMM’s Environmental & Land Use practice, was originally published in The New York Environmental Lawyer (2021 Vol 41, No. 1), a publication of the Environmental and Energy Section of the New York State Bar Association, under the title, “A Better Solution Was in Plain Sight: Amend CPLR 214-c to Conform to the Requirements of CERCLA’s Federally Required Commencement Date.”

The Virtual Elimination of the Statute of Limitations Applicable to Damage Claims by Public Water Providers by the Legislature Will Cause More Harm Than Good – a Better Solution Was in Plain Sight*

By Frederick Eisenbud

I. Introduction

On November 4, 2019, Governor Andrew Cuomo signed into law New York Civil Practice Law and Rules (CPLR) 214-h, which appears to provide an open-ended statute of limitations for providers of public water claiming injury to their water source from contamination.1 This article (1) outlines the scope of CPLR 214-c which was enacted in 1986, and how it was applied to water suppliers prior to the adoption of CPLR 214-h; (2) outlines New York State Department of Health (DOH) regulations applicable to water providers and how they impact the running of the applicable statute of limitations; (3) shows that, pursuant to CPLR 214-c, DOH limits for contaminants in potable water do not have to be exceeded in order for the CPLR 214-c statute of limitations to be triggered; (4) discusses the expanded statute of limitations for water suppliers created by CPLR 214-h; (5) analyzes whether CPLR 214-h is to be retroactively applied and if it is, whether it will apply if the statute of limitations in CPLR 214-c otherwise would bar a claim prior to the adoption of CPLR 214-h; (6) argues that the provisions of CPLR 214-h which provide virtually open-ended time for water suppliers to commence an action for damages arising from contamination are inconsistent with sound public policy and may have unintentional adverse consequences for water purveyors; (7) concludes that CPLR 214-h should be rescinded and CPLR 214-c amended to provide a proper balance of rights that will further the goal of permitting water districts to recover their costs from responsible parties without undermining the purpose of having a statute of limitations; and (8) provides, as an Appendix, a proposed amendment to CPLR 214-c that will address the concerns of water providers without the potential adverse impacts created by CPLR 214-h.

CMM Closes Sale of Long Island Dance Studio

Posted: September 15th, 2021

Demonstrating the breadth of our industries served, CMM’s M&A team recently closed a deal in the performing arts space, representing our client in the sale of her dance studio. The innovative studio, a staple of the community for decades, specializes in various styles of dance including tap, ballet, jazz, lyrical, hip hop, and contemporary. The Suffolk County-based dance school brought their classes to Zoom during the pandemic and left a hybrid model in place after reopening for in-person classes, seeking to bring the art of dance to clients in a variety of settings.

CMM’s team, led by Partner Don Rassiger, worked diligently to push the deal to closing despite pandemic-related delays and a last-minute issue regarding the client’s PPP loan. The sale will allow the business to remain an important part of the local community for generations to come.

Innovative businesses need innovative lawyers, and the successful sale of the dance studio demonstrates CMM’s versatility and experience in handling M&A transactions across a wide variety of industries. Call us at (631) 738-9100 for guidance on your next sale, purchase, or restructuring. 

CMM Represents AI Tech Leader in Complex Recapitalization and M&A Transaction

Posted: September 9th, 2021

CMM’s ability to bring multifaceted deals across the finish line was in full display when our Corporate team recently closed a deal that was months in the making for a longtime client. Our client, a leader in developing service management AI (artificial intelligence) technology for businesses across the globe, has been a target for many investors over the years. With a reputation for innovation through breakthrough techniques and financial success, our client leverages AI for maximum impact.

To that end, as part of a large investment transaction, the technology leader recently underwent a recapitalization of its shares, in which the company issued new shares of certain stock and effectuated a reverse stock split with respect to other series of stock. CMM’s team, led by Senior Associate Vincent Costa and Associate Marc Saracino, handled all of the company’s corporate formalities and negotiated on behalf of our client, successfully executing a stock purchase agreement.

CMM also helped negotiate the terms of a multimillion-dollar loan agreement, which our client used to enter into an M&A transaction with another large-scale tech firm. While navigating a series of complicated transactions is never easy, CMM’s team always rises to the challenge. Let us put our experience to work for your next corporate deal and contact us.

CMM’s Santariello Highlighted in LIBN Who’s Who 2021: Women in Professional Services

Posted: August 27th, 2021

Diana Santariello is Director of Client Relations at Campolo, Middleton & McCormick, LLP. Santariello is an advocate for its clients’ success, ensuring that they receive proper service and support. By giving clients focus and clarity on what matters to them, she also enables the firm’s team to effectively meet their needs. She builds trusted relationships with clients, giving them peace of mind as they navigate the issues that matter most.

Santariello began her career working for large corporations including Audiovox Cellular, Lumex, and Controlotron (Siemens), where she held customer service and inside sales positions. Prior to joining CMM, she immersed herself in the technology industry where she has led growth initiatives for some of the top-rated technology solutions providers.

Building relationships is part of Santariello’s DNA. To that end, she has held many leadership and board positions and has worked with the LGBT Network to raise money for the education, awareness, and prevention of HIV/AIDS. The LGBT Network honored her, in 2017, for her work and dedication to the cause. She has also been recognized with the prestigious “Top 50 Women in Business” award.

Campolo, Middleton & McCormick, LLP is a premier law firm with offices across Long Island, including Westbury, Ronkonkoma and Riverhead. Recently recognized as one of America’s Top Corporate Law Firms by Forbes, CMM has become the firm of choice for clients with respect to their most significant business transactions, challenging legal issues and critical disputes.

The firm’s clients and the business community have repeatedly chosen CMM as Best Law Firm in the “Best of Long Island” awards and its peers and adversaries have earned the firm and its partners AV-Preeminent® ratings, reserved for the highest level of professional excellence.

Founded in Suffolk County, the firm’s Long Island roots are deep. Over the past generation, CMM’s attorneys have played a central role in the most critical legal issues and transactions affecting Long Island. Started in Bohemia, in 2008, with 2 lawyers, CMM now has over 30 lawyers and more than 50 total staff in its expanded Ronkonkoma headquarters and its offices on the East End and in Nassau County.

View the full Who’s Who book here.