Business News: Montauk Fishing Dock Rebuilding After Fire

Here’s a look at some of the top business stories that made headlines in and around your community this past week.

East Hampton

Destroyed by Fire, Montauk Fish Dock Will Be Rebuilt Soon

A vital component of the fishing industry in Montauk is in the process of being rebuilt after a fire destroyed its building in May 2012. Montauk Fish Dock Inc., a commercial refueling and fish unloading, packing, and distribution facility that services the Montauk commercial fishing fleet, received a $120,000 grant from Empire State Development Corporation to help rebuild and expand on the business, located on Montauk Harbor. Empire State Development, an initiative of the governor's office, finances projects by issuing tax exempt bonds.

Bridgehampton National Bank Holding Company Hires New…

Raymond "Randy" A. Nielsen was named the new director of Bridge Bancorp, Inc., the holding company for the Bridgehampton National Bank, its Board of Directors announced on Monday.  

Nielsen previously served a CEO of Reliance Federal Savings Bank and Herald National Bank. He has 43 years of experience in the banking industry.

Westhampton-Hampton Bays

1 North Steakhouse Preparing New Location

The sign may still say Ciao Bella Senhora, but the building has undergone a total face lift as the property is soon to become the new home of 1 North Steakhouse, which is officially closing its North Road location on Nov. 10.

Riverhead

North Fork Chocolate Company Holds Soft Opening At Tanger

The North Fork Chocolate Company, which grew its roots at the Calverton Incubator is now open at Tanger Outlet Center in Riverhead. The business will hold a grand opening on Nov. 12.

Sometimes a degree from an Ivy League school is not all it was supposed to be cracked up to be.

Just ask Shelter Island's Alexandra Fairweather and her partner, Eric Goodman of Great neck, who have teamed up to help well-educated, tech-savvy and highly-motivate Ivy League graduates who just can't find a job.

To that end, the duo will launch a members-only website, Ivy Untapped, to help the jobless Ivy League grads, known as "Generation Y/Millenials."