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Business News

New grocery headed for former Best Market site

A Fine Fare supermarket will be opening in the former Best Market store on Route 58. Best Market supermarkets were purchased in 2018 by LiDL, which is opening a Riverhead location the former Toys 'R' Us site later this year.

COVID-19 lockdowns and retail bankruptcies hurt one of Riverhead’s biggest tax payers — but Tanger battles back

Tanger Factory Outlets, a mainstay of Riverhead’s Route 58 commercial corridor since the mid-1990s, was hurt by pandemic shutdowns and tenant bankruptcies last year, but business is stabilizing and improving, company executives said this week.

New brewery opens in downtown Riverhead

Peconic County Brewing is celebrating its grand opening today in downtown Riverhead. PCB, Riverhead's newest craft brewery is located on the Peconic Riverfront in the Riverview Lofts building at 221 East Main Street (at the corner of McDermott Avenue.) It is open daily from noon to 10 p.m.

New leadership at PBMC: Amy Loeb succeeds Andrew Mitchell at the helm

Amy Loeb, who has served as deputy executive director for the past two years, was named executive director of the Riverhead hospital effective Feb. 1, succeeding Andrew Mitchell, who ran the hospital for 20 years.

Bridge Bancorp and Dime Community complete merger, BNB Bank takes Dime name

The merger of BNB Bank and Dime Community Bank has been completed, the parent companies of the two banks announced this week. BNB has taken the Dime name, effective Feb. 1.

Downtown Riverhead restaurant owner launches drive to feed out-of-work hospitality staff this winter

Downtown Riverhead restaurateur Jerry Dicecco aims to raise $100,000 to feed out-of-work local hospitality workers and their families this winter.

Coronavirus relief package protects business expense deductions for PPP recipients

The $900 billion coronavirus relief package hammered out by federal lawmakers includes language to ensure that small businesses who borrowed money under the Paycheck Protection Program can deduct expenses covered using the program’s forgivable loans.

Northwell to open cancer institute in Riverhead by month’s end

Northwell Health announced today it will open a $6.2 million, 11,300-square-foot comprehensive cancer center in Riverhead by the end of the year.

‘It’s going to kill us:’ Small business owners face surprise tax bite in PPP loan program

Small business owners who borrowed operating cash through the Paycheck Protection Program this year may be facing substantial unexpected tax bills under an IRS ruling issued last month.

Downtown Riverhead rolls out new digital gift card program in time for holiday giving

“Downtown Dollars” digital gift cards are a great way to spread holiday cheer and support local businesses and the local community, the Riverhead BID says,
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