HIA-LI Business Achievement Awards: Celebrating Long Island’s Finest

Photo caption (clockwise from upper left): Jeff Reingold, COO, Contract Pharmacal Corp., “Large Business” winner; Jay Demetriou, President, LGC Studios, “Small Business” winner; Billy Hatzichristos, Founder and Owner, Native Ceuticals, “Rookie of the Year” winner; special guest speaker Suffolk County Executive Steve Bellone; Jennifer Marks, Long Island Market Team Lead, JP Morgan Chase & Co., “Leadership” winner; and, Karen Boorshstein, CEO, Family Service League, “Not for Profit” winner.

The Business Achievement Awards – our very own “Academy Awards” event – holds a special place in my heart. We were at the Crest Hollow last week to shine a light on the amazing businesses and organizations that represent the essence of Long Island. Each of them, from varied industries, share a similar optimism about the future. Each one of them value and celebrate their people. And they all constantly innovate, showcasing a deep-seated commitment to the Long Island community at-large.

HIA-LI stands as one of the recognized voices for Long Island businesses, a powerful force in regional and economic development. As many of you know, our voice echoes beyond the bounds of this event. We advocate passionately the Nassau-Suffolk region and for the Long Island Innovation Park at Hauppauge (LI-IPH) with its impressive economic output of $13 billion. Yes, billion!

But none of that would be possible without our committed board members, our dedicated staff, and our invaluable volunteers. Every event, every initiative is a testament to their hard work.

Carol A. Allen, Board Chair of HIA-LI and CEO of People’s Alliance Federal Credit Union, has been one of those stalwart supporters. Reflecting on her two-decade association with HIA-LI, Carol remarked, “Seeing the growth and resilience of the businesses that make up our community has been inspiring. HIA-LI has become a significant force, thanks to the collaboration of our exceptional board members and the unwavering commitment of our organization’s staff and leadership.”

Speaking of commitment, I was filled with gratitude to introduce someone who’s been a tireless advocate for our community – Suffolk County Executive Steve Bellone. Elected in November 2011, Steve has been more than just an effective executive, he’s been someone who genuinely cares, not just for businesses but for every individual on Long Island.

Due to term limits, Steve’s tenure as County Executive is drawing to a close, but his impact will be felt for generations. Reflecting on his transformative initiatives, Steve shared, “The transformation of Ronkonkoma into a transportation and innovation hub, supported by state and federal investments, signifies a new era for Long Island’s economic future. The upcoming Long Island Convention Center symbolizes our region’s ambition and potential.” Beyond infrastructural projects, he has always emphasized the importance of unity in political progress, noting the invaluable lessons of, “collaborating across party lines.”

And talking about collaboration and leadership, in the corporate world, JP Morgan Chase & Co. stands out for its commitment to the community of Long Island. Jennifer Marks, their Long Island Market Team Lead, embodies this spirit. With 17 years at the firm, Jennifer, alongside her dedicated teams, has been at the forefront of ensuring JP Morgan Chase gives back. Their philanthropic initiatives and volunteer leadership groups have left an indelible mark on Long Island, from packing food with Island Harvest to supporting military veterans. Their efforts, driven by the goal of inclusive economic growth and community support, underscore why JP Morgan Chase was a very worthy recipient of the 2023 Leadership Award. We applaud them for their unwavering commitment to the bi-county region.

The spotlight also shined on the Large Business category. Contract Pharmacal Corporation (CPC), led by their Chief Operating Officer, Jeff Reingold, has been a stalwart in the Long Island business community since 1971. Known for producing high-quality pharmaceuticals, their footprint in the industry is unquestionable. With 12 facilities in the LI-IPH, and producing almost 15 billion units annually, CPC epitomizes dedication to quality and teamwork. Jeff’s emphasis on the family-like spirit of the company along with their commitment to innovation and responsibility resonates deeply.

In the Small Business category, winner Jay Demetriou, President of LGC Studios, graciously accepted the award for the company’s steadfast growth and notable accomplishments. Highlighting his 30-year journey with the firm, which was founded by his father Greg, Jay emphasized the collective efforts of the LGC Studios team. With exciting announcements in the offing, Jay asserted LGC Studios’ ambitions for the future.

Karen Boorshtein, CEO of the Family Service League, the winner for the second time in the Not-for-Profit category, spoke passionately about the organization’s crisis services, specifically Joe’s Project — a program initiated after the tragic loss of a staff member’s son to suicide. Karen celebrated her dedicated staff and highlighted their unwavering commitment to assisting those grappling with mental health issues. With a deep focus on early intervention and mental health support, Family Service League offers a lifeline to many, including through their 24/7 Crisis Stabilization Center.

In the Rookie of the Year category, winner Billy Hatzichristos, Founder and Owner of Native Ceuticals, was enthusiastic about the growth and success of his hemp CBD business. Stressing the holistic health benefits of hemp and CBD, Billy touched on the transformative effects these products have had on a variety of ailments. He urged the community to embrace alternative, natural treatments, and to support local businesses that foster community health and wellness.

It’s important to recognize business excellence on Long Island, especially in these times. Congratulations to all the award recipients and the immense impact they’ve made on the bi-county region. We look forward to witnessing the continued growth and success of these influential businesses and organizations.

Business Awards Translate into Business Expansion

Businesses on Long Island compete in a huge economy that’s approximately $200 billion in size. In a market of this magnitude, only the highest-quality firms will come out on top.

As advocates for our regional business community, HIA-LI actively recognizes the importance of showcasing the achievements of our top-performing companies. In this spirit, we’ll be hosting our 28th annual “Business Achievement Awards” event on Tuesday, September 20, where HIA-LI will shine a spotlight on “the best in the business.” 

The value and meaning of a business award runs a lot more deeply than you might first think. A business award represents far more than a plaque on the wall.

First, remember that award recipients are genuinely the best.

Nominees are closely evaluated on a number of criteria: the quality of their employee relations, their regional business engagement, their profitability, and their vision for their future. Award selection also takes into account the nominees’ recent accomplishments, their innovative processes, their market growth, their industry leadership, and their ability to overcome adversity.

Second, we learn pathways to business success by scrutinizing the strategies adopted by successful companies.

HIA-LI’s “Business Achievement Awards” program is consciously designed to educate Long Island’s business community at-large about the winning practices of award recipients. How do they maintain employee morale and loyalty? How do they cope with the steady onset of new technologies? How did they maintain their competitive leadership amid the COVID crisis?

Award programs enable your firm to compare itself to competitors – and to explore where you stand based on a third-party evaluation. You can examine the work other award winners are doing and see whether any aspects of their work can be leveraged within your own enterprise.

Third, winning a business award can translate into business expansion.

A research study by the Georgia Institute of Technology showed that corporate award winners had 37 percent higher sales growth than their peers.

A study by British Quality Foundation uncovered similar numbers, with smaller award-winning companies experiencing a 63 percent increase in operating income and a 39 percent growth in sales. Large, award-winning companies benefited from a 48 percent increase in operating income and 37 percent growth in sales when compared to non-award winners.

And fourth, members of the awards committee are sometimes willing to provide helpful, informal feedback to individual nominees about the content and quality of their submissions after the awards have been announced. This feedback can prove valuable in shaping a nominee’s self-improvement program. 

Here are event details: 

  • HIA-LI 28th Annual Business Achievement Awards
    Recognizing Excellence in Long Island Business 
    Tuesday, September 20, 2022
    11:30am – 2:30pm

The honors, which are awarded competitively, cover four categories: Large Business, Small Business, Not-for-Profit, and Rookie of the Year. Here are this year’s finalists:

Large Business Finalists 

Small Business Finalists

Not-For-Profit Finalists

Rookie of the Year Finalists

Please mark your calendars and join me and HIA-LI Chair Rich Humann on September 20 as we recognize the best of the best…and learn from them!