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Ferry advertising
featured in Medialife
Medialife magazine recently
featured ferry boat advertising in
a series on out-of-home advertis-
ing, as a way to reach consumers
who are commuting, where they
will be exposed to ads for an ex-
tended period known as "dwell
time." The magazine points out
that signage on ferry boats is usu-
ally larger than on other modes of
public transportation such as
buses or subways. The article
specifically mentioned the Staten
Island Ferry, with a ridership of
75,000 people each weekday. Ad-
vertising on the Staten Island
Ferry is handled by
FerryAds.com, which offers a
number of different options, in-
cluding a digital "zipper" ad and
large format backlit displays in
the Manhattan terminal. The
Staten Island-based FerryAds.com
is owned by David Rampulla, who
also serves as president of the
Bucks Business Network.
Forest Avenue BID
launches publication
The Forest Avenue Business
Improvement District announced
the publication of its Restaurant
& Food Guide. To obtain a com-
plimentary copy, email ForestAv-
enueBID@verizon.net or call (718)
816-4775.
Northfield Bank
to pay dividends
Northfield Bancorp, Inc., the
holding company for Northfield
Bank, reported basic and diluted
earnings per common share of
$0.09 for the quarter ended March
31, the same as reported for the
same quarter of 2012. Prior year
earnings per share amounts have
been restated to reflect the com-
pletion of the bank's second-step
conversion at a conversion ratio
of 1.4029 to 1.
John W. Alexander, chairman
and chief executive officer of
Northfield, commented, During
the quarter, we completed our
conversion to a fully public com-
briefs
Send us your news
Email: news@sibiztrends.com
please see UPDATE, page 24
24 BUSINESS TRENDS JUNE 2013
briefs
pany.
With the resultant increase in
earning assets from our capital
raise, we were able to increase
our net interest income notwith-
standing continued pressures on
our net interest margin.
Alexander continued, I am ex-
cited to report that, as previously
disclosed in the offering prospec-
tus from our recently completed
stock offering, the company
sought and has received approval
to pay a one-time, special divi-
dend of $0.25 per common share.
In addition to declaring the spe-
cial dividend, the Board of Direc-
tors also has declared a regular
quarterly cash dividend of $0.06
per common share. Both the spe-
cial and quarterly dividends
[were] payable on May 22, 2013, to
stockholders of record as of May
8, 2013.
Three National Grid
programs recognized
National Grid announced that
the American Council for an En-
ergy-Efficient Economy, a non-
profit research group based in
Washington, D.C., has recognized
three of its energy efficiency pro-
grams Low-Income Retrofit,
Small Business and EnergyWise
programs as exemplary pro-
grams. The exemplary program
awards are part of a national
awards program designed to rec-
ognize and profile Americas lead-
ing utility-sector energy efficien-
cy programs. National Grids
Small Business Program is de-
signed to help business cus-
tomers reduce their energy costs.
SUNY Empire State
College office re-opened
Hard hit by Hurricane Sandy,
SUNY Empire State Colleges
Staten Island office, located at 500
Seaview Ave., has resumed opera-
tions. Repairs to the colleges
space have been completed and
students again are meeting one-
on-one with their faculty mentors
and in study groups and semi-
nars.
In the aftermath of Hurricane
Sandy, students and faculty from
the Staten Island office had been
meeting at New Dorp High
School, the local public library
and fast-food establishments.
Many faculty and staff at the Stat-
en Island office worked at the col-
leges Metropolitan New York
Center, which is located in lower
Manhattan and oversees the Stat-
en Island and Brooklyn offices.
Time Warner Cable
cloud-based services
Time Warner Cable Business
Class announced the launch of a
cloud-based Software as a Service
offering designed to give small- to
medium-sized businesses access
to reliable, easy-to-use hosted
communication and collabora-
tion solutions without the costs
and complexities of owning and
managing equipment.
These businesses now have ac-
cess to enterprise-grade produc-
tivity and collaboration manage-
ment solutions, such as Hosted
Microsoft Exchange 2010, Share-
Point 2010 and Outlook. As a re-
sult of these services being deliv-
ered in the cloud, Time Warner
Cable Business Class Cloud Serv-
ices offer a number of features
and benefits.
For more information, visit
www.twcbc.com/cloud or call 1-
877-589-1775.
UPDATE
Continued from page 23
26 BUSINESS TRENDS JUNE 2013
SBDC opens new office
JANET DUGO/ Business Trends
Thanks to the generous donation of office space by New Dorp-based
Empire State Bank, the Small Business Development Center at the
College of Staten Island now has an outpost close to the scene of
much of the Superstorm Sandy damage. It is hoped that the new lo-
cation, inside the bank on N. Railroad Avenue, will make it easier for
business owners affected by the storm to access the services pro-
vided by the SBDC. Pictured at the grand opening are, from left:
Jeanne Sarno and JoAnn Libretti of Empire State Bank; Dean Bal-
samini of the SBDC; Congressman Michael Grimm; Joseph Bottega
of SBDC; and business owners Dino & Joanne Longueira of Majestic
Arms, Ltd.
JANET DUGO/ Business Trends
Jerry Amerosi, owner of Gold Mine Jewelers, sponsored a "Happy
Hour" at the new Above Rooftop lounge at the Hilton Garden Inn
that was open to all in the business community. He provided light
comestibles, along with raffles, prizes and gifts. Pictured, from left,
are Amerosi, Jackie Reiter of Home Instead Senior Care, and Donna
and Rich Grado of Creative Media.
Gold Mine Happy Hour
JUNE 2013 BUSINESS TRENDS 27
Margarella Asphalt & Concrete,
also lost everything in the storm
upward of 45 pieces of machin-
ery and trucks; the contents of
five containers, which were filled
with generators, pumps, tools and
stock; his office, computers and
phone systems; and his security
system.
It was a total, total loss, Mar-
garella said.
Unlike many businesses,
though, Margarella said he was
blessed. While he received no
help at all from the city, state or
federal government, he was lucky
enough to receive support from
local business organizations and
an outstanding insurance policy.
The SIEDC really showed up
and extended themselves to offer
us some alternatives and some
help, and subsequently got us a
small grant, he said. The Cham-
ber of Commerce tried to gener-
ate some consciousness with the
governor, but at the end of the
day, it was my employees, my
clients and my vendors that put
us back in business. Everybody
pitched in from the very first
day.
Friends, family members and
employees showed up on site
shortly following the storm to
clean out the office and start the
daunting task of assessing in-
ventory.
Margarella called each of his
business suppliers and told them
to take whatever they wanted be-
cause he was out of business. But
instead of doing that, they re-
sponded by not sending him a bill
for three months.
Thats pretty unheard of. For
someone to give you heavy ma-
chinery and not even ask for a sig-
nature, its amazing, he said.
Margarella also lucked out in
that he had excellent insurance
coverage that covered a large por-
tion of his loss. A few years ago,
his office manager advised him to
buy the insurance policy he did.
He didnt need flood insurance be-
cause his machinery and trucks
were covered, but his policy was
written so that he would be com-
pensated for all expenses he could
have incurred to keep him in
business.
That helped quite a bit, he
said, adding that he was the
largest single claim his insurance
carrier had. I give all the credit
to my staff, because I probably
would have cheaped out and not
bought it.
Margarella is back up and run-
ning full steam, even though he
hasnt been completely compen-
sated by his insurance company
just yet.
Still, hes quick to point out
how lucky he was.
Who really dropped the ball is
the city and federal government,
especially where we are on the
North Shore, he said. It seems
like no one even cares. Some of
these guys werent even as fortu-
nate as I was, to be able to re-
build. As far as Im concerned,
the governor threw those red
zone companies under the bus.
Margarella offers a sound piece
of advice for those who are still
struggling: Dont be afraid to ask
for help. Reach out to your ven-
dors and your clients; they under-
stand. My experience has been
that, everyone who I have asked
for help, to the extent that they
were able, did what they could.
Villamarin says he is applying
for help with National Grid as
well as pursuing other grants and
funding options. He doesnt want
to take out an SBA loan, even
though its available to him, be-
cause it wouldnt help him be-
come fully operational. Hes con-
tinuing to seek help from GMC,
even if that means finding a new
location for his business.
And while hes at the mercy of
his franchisor, Villamarin contin-
ues to work for his customers be-
cause of the pride he has in his
work.
I answer the phones because
its our business and our name on
the sign. If I were just a blank
face behind a corporate name, I
might not be willing to help out as
much as I do now, he said.
Were going to do everything we
can to remain a staple for the
community and Staten Island.
North Shore still trying to recover from Sandy
RECOVERY
Continued from page 1
Send us your news
Email: news@sibiztrends.com