Women as Economic Catalysts: The Imperative of Leadership and Inclusion

Fifteen years ago, during a women’s business leaders forum led by U.S. Senator Kirsten Gillibrand, we began a dialogue about the unique challenges facing women in the workforce. Senator Gillibrand challenged us to keep that conversation alive, and this led to the birth of HIA-LI’s Women’s Leadership Conference. Today, this annual event is not just a tradition but a vital forum for exploring the critical role women play in driving economic growth.

Globally, the gender gap is closing, but progress remains slow. According to the World Economic Forum, the global gender gap stands at just 68.6% closed, meaning women still face significant disparities in economic participation, education, health, and political empowerment. At the current pace, it will take 131 years to achieve full parity. According to the U.S. Bureau of Labor Statistics, the labor force participation rate for women aged 16 and over was just 57.4% in October 2024, reflecting ongoing challenges in workforce engagement. These numbers underscore why events like this year’s HIA-LI Women’s Leadership Conference are essential.

This year’s conference focused on authentic leadership and workplace equity, offering actionable strategies to empower women while addressing systemic barriers. One of the most striking statistics comes from Pew Research, which highlights that women still earn just 82% of what men earn for similar work—a gap that has only narrowed by 2% over the past two decades. For women of color, these disparities are even more pronounced. Addressing these issues isn’t just a moral imperative; it’s an economic one. Studies consistently show that companies with diverse leadership teams outperform their peers.

This year, our keynote speaker, Linda Armyn, CEO of Bethpage Federal Credit Union, shared insights from Bethpage’s “Money Like a Woman” campaign, which celebrates women’s strengths in collaborative decision-making and long-term financial planning. Her message was clear: empowering women financially uplifts entire communities. Armyn’s keynote set the tone for a day that was both inspiring and pragmatic.

The event also featured a panel of accomplished leaders who shared their journeys and insights. Panelist Gwen O’Shea, CEO of Community Development Long Island, reminded us of the critical need to address pay disparities and ensure systemic change. Tracey Edwards, Senior VP at Sands New York, discussed the importance of personal branding and ethical leadership, while Lauren Nichols, President of 3G Warehouse, highlighted how setbacks can serve as powerful learning opportunities. Christine Flaherty, Senior Vice President for Real Estate Development and Facilities at Catholic Health, emphasized listening and adapting as keys to effective leadership, while Carolyn Mazzenga, Office Managing Partner, Marcum LLP, stressed the importance of trusting your intuition and seeking mentors who can guide you through critical moments in your career.

One of the day’s most poignant moments was the fireside chat featuring Kristen Reynolds, CEO of Discover Long Island, and News 12 anchor Erin Colton. Their discussion explored mental health challenges, resilience, and the importance of seeking balance in a demanding world. Colton’s candid reflections on her own experiences with anxiety and depression resonated deeply, reminding us all of the power of vulnerability in leadership.

Our breakout sessions provided practical tools for attendees, covering topics from work-life integration to reclaiming authenticity. And in a particularly inspiring addition this year, we welcomed young women from local high schools. Carol Allen, HIA-LI Board Chair and President and CEO of People’s Alliance Federal Credit Union, offered advice to these future leaders: “Embrace the journey, stay curious, and take something valuable with you from every opportunity.” Their presence underscored the importance of fostering leadership at every stage.

As I reflect on this year’s conference, I am reminded of why this work matters. Women are not just participants in the economy; they are drivers of innovation, growth, and community. Yet challenges like pay inequity and underrepresentation in leadership persist. Through initiatives like the HIA-LI Women’s Leadership Conference, we are not just discussing these issues—we are taking steps to solve them. Together, we can create an economy that works for everyone.

A New Era of Health and Productivity at the Long Island Innovation Park at Hauppauge

At HIA-LI, we are always looking for ways to further enhance the Long Island Innovation Park at Hauppauge (LI-IPH) and make it a thriving hub for business and innovation. I am excited to share with you our latest collaboration with Catholic Health, a partnership that promises to significantly boost workforce productivity and well-being within the largest innovation park in the northeast.

Enhancing Workforce Health and Productivity

Our collaboration with Catholic Health aligns perfectly with the recommendations from the Hauppauge Industrial Park Opportunity Analysis. The study highlighted the need for amenities that create a more dynamic live-work environment and promotes business growth. By introducing features that improve health and quality of life, we are paving the way for a more vibrant and productive workforce.

Comprehensive Health Services at Your Doorstep

What makes this collaboration possible is Catholic Health’s Ambulatory Care Center at Commack, conveniently located adjacent to the LI-IPH. This state-of-the-art facility will offer LI-IPH employees access to highly skilled physicians from multiple clinical specialties, all in one easily accessible location. Whether it’s primary care, accredited rehabilitation, or specialized services such as orthopedics and radiology, HIA-LI employees will have top-notch healthcare right at their doorstep.

Our employees will also benefit from a range of services provided by St. Francis Heart Center-affiliated physicians, comprehensive imaging services at St. Catherine Diagnostic Imaging, and much more. This proximity to high-quality healthcare is a tremendous asset for companies considering a move into the Park, as it underscores our commitment to the health and well-being of our workforce.

A healthy workforce is not just beneficial for individual well-being but is also a cornerstone of economic growth. As Carol A. Allen, Chairperson of the HIA-LI Board, aptly noted, “A healthy workforce is a productive workforce, and a productive workforce fortifies the Long Island economy.” Through our partnership with Catholic Health, we are taking significant strides to ensure that the businesses and non-profits within the Innovation Park can enhance their competitiveness through improved productivity.

A Visionary Partnership for the Future

I want to extend my heartfelt thanks to Dr. Patrick O’Shaughnessy, CEO of Catholic Health, and Declan Doyle, President of St. Catherine of Siena Hospital, for their visionary leadership in developing this partnership with us. Their dedication to providing compassionate and patient-centered care aligns seamlessly with our mission at HIA-LI.

During our recent Open House at the Ambulatory Center in Commack, HIA-LI members had the opportunity to tour the facility and meet the medical staff. The feedback was overwhelmingly positive, with attendees impressed by the state-of-the-art amenities and the quality of care available. This event highlighted the potential of our collaboration to significantly impact the health and productivity of our workforce.

Looking Ahead

This partnership is just the beginning. We anticipate that our collaboration with Catholic Health will lead to more effective workplace health programs and policies among Park employers. The availability of on-site wellness visits, telehealth services, and potential additional programming such as joint health campaigns and employee onboarding services will further enhance the quality of life for our employees.

Joe Campolo, Chair of HIA-LI’s Long Island Innovation Park at Hauppauge Task Force, expressed it well when he said, “This dynamic partnership has the real potential to reduce health risks and improve the quality of life for thousands of Long Island workers.” As we move forward, we are committed to exploring new opportunities and initiatives that will benefit our members and the broader community.

In conclusion, our collaboration with Catholic Health is a testament to our commitment to fostering a thriving, healthy, and productive environment at the Long Island Innovation Park at Hauppauge. We look forward to the positive impact this partnership will have on Park employees, our members, and the Long Island economy as a whole.