Economic Development

The Pulse of Progress: Exploring the Transformative Impact of the LI-IPH on Long Island’s Economy

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As the President and CEO of HIA-LI, I am proud that HIA-LI continues to serve as the steward and advocate for the Long Island Innovation Park at Hauppauge (LI-IPH).

One important recommendation that came out of the LI-IPH’s April 2019 Sustainability Study was that we should take a serious look at integrating workforce housing into the Park. It’s a concept in keeping with the “live-work-play” model that has worked so successfully in other Long Island communities such as Patchogue, Ronkonkoma, Farmingdale, and Bay Shore.

To that end, we teamed up with the Long Island Builders Institute (LIBI) and convened a March 28 meeting of residential developers to discuss opportunities in the Park. Joining me at the roundtable discussion was Michael Florio, LIBI’s CEO; Joe Campolo, Managing Partner at Campolo, Middleton & McCormick, LLP, an HIA-LI Board Member, and Chair of our Economic Development Task Force; Peter Hans, the Town of Smithtown Planning Director; and Cara Longworth, Vice President and Long Island Regional Director of Empire State Development.

Cara Longworth discussed the Long Island Investment Fund (LIIF), which focuses on large-scale, transformative projects that will have lasting impacts on the bi-county region. Eligibility for the fund was expanded last year to include infrastructure for transformative multi-family housing development projects to support regional industry growth.

She added that municipalities that achieve the State’s “Pro-Housing Communities” designation – because of their hard work to address the housing crisis – will receive priority in their applications for funding streams like LIIF.

Peter Hans spoke about zoning issues, specifically the town’s overlay district – approved in 2019 – which now permits residential development on certain parcels in the LI-IPH depending on size and location. Right now, Peter said there are 13 parcels eligible for mixed use/residential development.

The dialogue continued on April 16 when we welcomed a distinguished panel to discuss the immense opportunities at the LI-IPH. This event – titled “Why Do Business in the Largest Innovation Park in the Northeast” – was held at the Suffolk Y Jewish Community Center in Commack. It underscored our collective commitment to fostering economic growth and innovation at the LI-IPH.

The numbers are worth repeating: LI-IPH houses 1,350 companies who employ 55,000 workers and generate $13 billion in economic output. In short, one in 20 jobs on Long Island are dependent on the fiscal vitality of the LI-IPH. That’s impressive.

The morning began with inspiring opening remarks from Suffolk County Executive Ed Romaine; Town of Islip Supervisor Angie Carpenter; and Smithtown Councilman Tom Lohmann, the town board’s liaison to the LI-IPH. Their insights set the stage for a robust dialogue on the strategic advantages of doing business in the Park.

Moderated by Joe Campolo, the subsequent panel discussion featured key stakeholders including Kelly Murphy, Executive Director and CEO of the Suffolk County Industrial Development Agency (IDA); Mike Narula, CEO of Orbic, a firm new to LI-IPH that will be bringing a thousand new jobs from India; alongside Angie Carpenter and Tom Lohmann. Each panelist provided a unique perspective on the evolution and future of the LI-IPH.

Our panelists shared exciting developments within LI-IPH, including the sale of a $21 million vacant data center to Links Logistics, the transformation of a $5.3 million deal into a new headquarters for E+M Logistics, and a $44 million investment by Venture One Acquisition to create new industrial space. These investments not only demonstrate the economic vitality of LI-IPH but also highlight our adaptability and forward-thinking approach to growing our infrastructure and meeting the business needs of park tenants as well as the Long Island region.

Joe Campolo’s presentation focused on the transformation of LI-IPH from a traditional industrial park to a thriving innovation hub. He outlined the concept of an “Edge City,” which integrates business, entertainment, and living spaces, allowing for a dynamic community where individuals can live, work, and thrive without long commutes. This concept has turned LI-IPH into a model for modern economic development.

The Suffolk County IDA has been instrumental in supporting this transformation. Kelly Murphy noted that over the past six years, the IDA has facilitated significant investments that have led to job creation and retention, enhancing the economic fabric of Suffolk County.

Over the past three years alone, the Suffolk IDA has provided support to 21 projects in the LI-IPH, with a total private capital investment of more than $527 million, a total of nearly 5,000 jobs created or retained, with an annual payroll in excess of $350 million.

The Suffolk IDA’s efforts underscore the powerful impact of strategic governmental partnerships in regional economic development.

Council Lohmann spoke about a recent HIA-LI/Town of Smithtown partnership that saw the installation of over 400 sponsored flags throughout the LI-IPH, a visual representation of our pride and collective identity as a major economic engine. This branding effort – combined with new entryway signage thanks to the town – helps solidify the park’s presence in the community and beyond, reinforcing our role as a key player in Long Island’s economic landscape.

Conclusion: A Bright Future Ahead

As we look to the future, LI-IPH continues to be a beacon of innovation and economic prowess. Our ongoing initiatives, such as the development of workforce housing and infrastructure improvements, are poised to enhance our competitiveness and attractiveness to businesses and professionals alike. The discussions held during these two events are a testament to the collaborative spirit that drives our success.

We are grateful to all attendees, panelists, and partners who contributed to this enriching discussion. Together, we are setting the stage for continued prosperity and improvement at the Long Island Innovation Park at Hauppauge.

For more information about the Long Island Innovation Park at Hauppauge, go to www.li-iph.org. For information about HIA-LI and our initiatives, please visit www.hia-li.org. Let’s continue to innovate and grow together, building a thriving economic future for Long Island.

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

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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.

Steering the Future: HIA-LI’s New Workforce Development Task Force

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As President and CEO of HIA-LI, one of Long Island’s foremost business advocacy organizations, I’m excited to share that we are launching a new Workforce Development Task Force. This initiative underscores our ongoing commitment to supporting businesses and strengthening the economic framework of the Long Island Innovation Park at Hauppauge (LI-IPH).

The LI-IPH is a significant player in our region’s economy, serving as the largest business park in the Northeast. With around 1,400 companies that employ approximately 55,000 workers, it forms a critical part of Long Island’s economic pulse. However, like many regions across the country, Long Island faces a significant challenge: a shortage of skilled workers. This issue is not just immediate; it also has implications for our region’s future growth and resilience.

To address this challenge, we’ve assembled a task force with two specific goals: align resources to meet business needs and spearhead efforts to recruit and develop talent for in-demand careers. Our task force is led by two respected individuals, Rich Humann, President and CEO of H2M Architects & Engineers, and Dr. Edward Bonahue, President of Suffolk County Community College. They will leverage their expertise to foster meaningful collaborations between businesses, educational institutions, and workforce development organizations.

We draw inspiration from successful ventures like Suffolk County Community College’s Solar Installer Certificate Program, a perfect example of mutually beneficial academia-business partnerships. By facilitating similar collaborations, we aim to ensure students are equipped with hands-on experience and businesses have access to a well-trained talent pool.

In the evolving post-Covid landscape, it’s crucial to forecast the skills businesses will need. To this end, the task force will commission an extensive “LI-IPH In-Demand Skills Assessment” in partnership with the Suffolk County Industrial Development Agency (Suffolk IDA) and executed by James Lima Planning, a renowned New York City-based consulting firm. This project is made possible by a grant from the Workforce Development Institute, with additional funding from HIA-LI and the Suffolk IDA. The results will guide academia in reshaping curricula to align better with the future needs of the region’s economy.

Our task force’s initiative resonates with a larger statewide initiative – a $350-million initiative announced last year by Governor Kathy Hochul – to improve workers’ skills to meet job demands. This wider program forms a crucial element of a strategic approach to workforce development in the region.

Given the rapid pace of technological advancements, anticipating the shape of future work is a priority. The task force is committed to helping local businesses understand and prepare for these changes. By creating synergies between businesses, academia, and governmental organizations, we aim to foster a more resilient economy, attuned to both immediate and future needs of Long Island’s workforce.

Smaller businesses often find predicting future skill requirements a daunting task. Thus, we’re tailoring our efforts to help these firms, providing assistance to navigate and prepare for future demands. We are aiming to equip these businesses with customized programs that meet their ever-evolving workforce needs.

In conclusion, the Workforce Development Task Force reflects our dedication to continually fostering the growth and development of Long Island’s workforce. We view this initiative as a strategic response to current challenges, ensuring a more vibrant, resilient, and future-ready regional economy.

Stay tuned for information about our fall Workforce Development Conference where the results of the “LI-IPH In-Demand Skills Assessment” will be presented and discussed.

Harnessing Innovation and Collaboration: The Key to Growth of the Long Island Economy

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The Executive Luncheon at HIA-LI’s 35th Annual Business Trade Show and Conference features projects of regional significance

Clockwise from upper left: Jimmy Coughlan, Jr., Vice President of Development at TRITEC Real Estate Company; Marc Herbst, Executive Director of the Long Island Contractors’ Association; Derek Trulson, Vice Chairman of JLL New York; and, Joe Campolo, Managing Partner at Campolo, Middleton & McCormick, LLP, and also an HIA-LI Board Member.

One of the necessities to the growth of the Long Island economy is the growth of innovative, transformative projects that not only create jobs but create places for our young professionals to live, work, and play.

That’s why the Executive Luncheon program at HIA-LI’s 35th Annual Business Trade Show and Conference featuring projects of regional significance should be on your calendar.

Our highly anticipated annual trade show – taking place on Thursday, May 25, from 9:00am to 3:00pm at the Suffolk Federal Credit Union Arena at Suffolk County Community College in Brentwood – is brought to you in partnership with our Title Sponsor, Sands New York. It’s a unique opportunity to network, learn, and collaborate with some of the most influential figures in our vibrant business community.

The Executive Luncheon, scheduled from 11:30am to 1:30pm, is designed to provide an insightful exploration of regionally significant Long Island projects that have the potential to substantially invigorate our local economy. The session will be moderated by Marc Herbst, Executive Director of the Long Island Contractors’ Association, a highly respected figure in the business community.

Our panelists include Derek Trulson, Vice Chairman of JLL New York; Jimmy Coughlan, Jr., Vice President of Development at TRITEC Real Estate Company; and Joe Campolo, Managing Partner at Campolo, Middleton & McCormick, LLP, who also serves as an HIA-LI Board Member. A representative from Sands New York will also be joining the panel, adding to the diversity and depth of the discussion.

One of the key projects to be discussed will be Midway Crossing. This transformative initiative has been declared a “Project of Regional Significance” by the Long Island Regional Planning Council, promising an estimated annual economic benefit of $3.3 billion. This includes increased wages, tourism, tax revenue, and more, all of which will significantly bolster the surrounding communities and have far-reaching impacts across Long Island and beyond.

We’ll also be discussing two TRITEC projects: Shoregate and Station Yards. With Bay Shore undergoing a revitalization that is rapidly gaining momentum, Shoregate is poised to bolster these efforts by fostering more “feet on the street” with 418 much-needed multifamily rental units within walking distance of Main Street and the LIRR. Station Yards, in Ronkonkoma, right across from the LIRR, will bring 1,450 new homes and 388 new apartments to the center of the island, plus 70,000 square feet of retail space and a village green of about 10,000 square feet. These are two of several live-work-play TRITEC communities that are attractive to our region’s young talent, helping us to keep them here on Long Island and build our future together.

Our Title Sponsor, Sands New York, has recently embarked on a journey to develop a $4 billion resort and possible casino at the Nassau Veterans Memorial Coliseum site. This ambitious project includes outdoor community spaces, world-class live performance venues, and a broad range of entertainment programming. Their involvement in our event brings an exciting dimension to the conversation.

And of course, we will be discussing new developments and future plans for the Long Island Innovation Park at Hauppauge, the largest business park in the northeast.

The main event, Long Island’s largest business-to-business trade show, will showcase over 250 exhibitors representing a diverse array of Long Island business sectors. Anticipated attendance exceeds 4,500 business professionals from Nassau and Suffolk counties and beyond, with three-quarters of these attendees being upper-management decision-makers. It has consistently demonstrated its incredible impact on regional businesses over the years. The power of in-person interaction facilitates valuable relationships, generating fresh business ideas and leads, sparking innovation. I am confident that this year will be no exception.

Pricing for the Executive Luncheon is $55 for members and $70 for non-members. Pre-registration is required – please call 631-543-5355 or visit www.hia-li.org. Pre-register for the trade show to avoid the $10 same-day walk-in fee. The day also features a morning motivational seminar by internationally renowned author and speaker Kevin L. McCrudden, available at $25 for members and $40 for non-members.

Despite challenges, many L.I. employers expect to boost hiring in 2023

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Moderator Michael Sabatini, a Partner with Citrin Cooperman, third from left, poses with panelists, from left: Renee Daniel Flager, Executive Director of Girls Inc. of Long Island; former HIA-LI Chair Rich Humann, President and CEO of H2M architects + engineers; MaryAnne Hyland, Dean of the Robert B. Willumstad School of Business at Adelphi University; Kevin O’Connor, CEO of Dime Community Bank; and Dr. Patrick O’Shaughnessy, President and CEO of Catholic Health Services.

While local business leaders grapple with such challenges as inflation, supply chain issues, and employee recruitment and retention, many still plan to increase the size of their workforces this year.

That’s a key finding of “The Long Island Economic Survey 2023,” a new survey of more than 200 Long Island executives. It was commissioned by HIA-LI and conducted by Adelphi University and the Citrin Cooperman accounting firm.

Survey results were discussed by a panel of leading regional executives on February 15 before more than 250 attendees at HIA-LI’s 29th Annual Business Summit held at the Hamlet Golf & Country Club in Commack. We were pleased to have Michael Sabatini, a Partner with Citrin Cooperman, moderate the panel.

Executives were asked to identify up to three of “the most important issues facing Long Island today.” Inflation and taxes were each cited by 22 percent of respondents. One-third identified workforce-related challenges as a top issue.

Yet despite their concerns over hiring and retention, virtually half of respondents (49 percent) expect to increase their employee rolls in 2023. Thirty-one percent of all respondents expects to augment their Long Island-based workforce, four percent will do more hiring outside of Long Island, and 14 percent plan to expand their workforce both on and outside Long Island. Forty-three percent anticipate no increase in staff size. Eight percent were unsure.

Some four out of ten were optimistic about their projected revenue and net profits next year, while half expected level growth. Ten percent expect a decline in revenues this year.

Similarly, more than a third (38 percent) of participants expected to expand their Long Island-based businesses in 2023.  

How concerned were local executives about the effects of inflation on their business? Most (62 percent) were “very concerned.” Thirty-one percent were “somewhat concerned,” and seven percent were “slightly concerned.”      

Sixty-five percent of respondents said they were affected by disruptions to the global supply chain. Most respondents expect supply chain issues to persist for another six months to two years.

Who took part in the survey?

A large majority of respondents represented businesses generating less than $100 million in revenue. More than three-quarters had been in operation 20 years or more. While respondents came from many industries, those with the largest representation were professional services (21 percent) and manufacturing, distribution and retail (17 percent). Most respondents (52 percent) were based in Suffolk County. Ten percent were situated in Nassau County, and 32 percent were based in both counties.

We were grateful for the participation of our panelists at the 29th Annual Business Summit: Kevin O’Connor, CEO of Dime Community Bank; Renee Daniel Flager, Executive Director of Girls Inc. of Long Island; former HIA-LI Chair Rich Humann, President and CEO of H2M architects + engineers; MaryAnne Hyland, Dean of the Robert B. Willumstad School of Business at Adelphi University; and Dr. Patrick O’Shaughnessy, President and CEO of Catholic Health Services.   

Newly elected Rep. Nick LaLota was also present to greet attendees.

How closely does your point of view match up with those reflected in our survey?

I urge you to see for yourself.

“The Long Island Economic Survey 2023” can be found here.

Water, Energy, Housing, and Infrastructure Top the List of Legislative Priorities for 2023

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From left: State Senator Mario Mattera; HIA-LI President & CEO Terri Alessi-Miceli; Congressman Nick LaLota; Smithtown Supervisor Ed Wehrheim; Assemblyman Mike Fitzpatrick; Islip Town Supervisor Angie Carpenter; Joe Campolo, HIA-LI Board Member and Partner, Campolo, Middleton & McCormick, LLP; and, Brookhaven Town Supervisor Ed Romaine.

It’s essential that our public policymakers have a proper grasp of the needs of the regional business community. And one of the most effective ways to achieve this is through hands-on, real-time interaction between government leaders and businesspeople as well as non-profit leadership.

Throughout the year, HIA-LI works hard to create opportunities for this kind of in-person interaction. And we hosted such an engagement earlier this month at our 45th Annual Meeting and Legislative Program. It was held January 13 at the Radisson Hotel in Hauppauge.

No less than eight elected officials from the federal, state, county and town levels were present at the breakfast forum, which was attended by some 300 people and was moderated by HIA-LI board member Joe Campolo, managing partner with Campolo Middleton & McCormick, LLP.

Water. Energy. Housing, Infrastructure. These were the topics many of our speakers returned to again and again. How can our officials shape policies that ensure a strong, long-term economic future for Nassau and Suffolk counties?

Let me offer a quick, thumbnail summary of some of the key points raised by each of our panelists:

Lt. Gov. Antonio Delgado was present via a video presentation. He highlighted the state’s investment strategy for Long Island, including Governor Kathy Hochul’s underwriting of a feasibility study to examine the possible relocation of the terminal at Long Island MacArthur Airport closer to the Ronkonkoma LIRR station. He also reinforced the value of the state’s investments in offshore wind energy. Mr. Delgado underscored the merits of the new State Office of Strategic Workforce Development he has set in motion along with the Governor. He also cited the administration’s efforts to expand housing development as a critical way to attract and retain a competitive regional employment base.

Suffolk County Executive Steve Bellone concentrated most of his remarks on the issue of water quality – and on the need to not only create a county wastewater district – but also to find the right way to fund it.

I also had the privilege of speaking at the event, where I had a chance to emphasize the massive economic impact of The Long Island Innovation Park at Hauppauge as we mark our momentous 45th anniversary in 2023. To help promote the Park’s growth, we’ll be initiating an ambitious branding program, including vanity flags and new signage. I also cited Circuit Transit’s battery-powered rideshare initiative that will create new commuting opportunities for the Park’s 55,000 employees.

Newly elected Congressman Nick LaLota spoke about the need for honesty and integrity in government, and also focused attention on two themes: economic growth and public safety.

State Senator Mario Mattera called upon policymakers to fight for “local jobs for local people.” The senator also advocated for a balanced energy policy, as well as for sewer systems that will “finally bring the Town of Smithtown into the 21st century.”

Assemblyman Mike Fitzpatrick expressed concerns over the ultimate costs associated with the Climate Action Council Scoping Plan recently adopted by state officials. He also agreed with the Governor that the state needs more housing. But he said that it shouldn’t be done at the expense of abandoning “local control.”

Town of Islip Supervisor Angie Carpenter urged government to “get out of the way and let businesses do what they do best.” Public officials should promote incentives – and use “carrots, not sticks.”

Town of Brookhaven Supervisor Ed Romaine urged business advocates to focus their attention on tax policy as a primary concern, inclusive of “real estate, sales, personal, and business taxes.” He also stated that “the one thing that will improve productivity in America is investing in infrastructure.”

Finally, Town of Smithtown Supervisor Ed Wehrheim echoed the same sentiment, asserting that investment in infrastructure is the key to “allowing Long Island to move forward.”

We are committed to working with everyone in the HIA-LI family to help secure a bright and promising future for our Park – and for Long Island.

Business Awards Translate into Business Expansion

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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!

Government Offers Immediate Funding to Promote Business Success

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From left: Rosalie Drago, Commissioner, Suffolk County Department of Labor; Kelly Murphy, Deputy Executive Director, Suffolk County IDA, and; Cara Longworth, Regional Director, Empire State Development.

The public sector stands ready to provide immediate financial assistance to help Long Island companies achieve their goals and fulfill their workforce needs.

HIA-LI works closely with officials at all levels of government to bring these resources to the attention of our members and to help members take advantage of a wide range of public-sector assistance programs.

Recently, I had the pleasure of speaking with three government officials whose agencies have an outstanding track record of success in providing financial support to local businesses. They are:

These three entities are true partners of Long Island business. Let’s take a quick look at what each has to offer:

Empire State Development isthe state’s main arm for economic development. It encourages business growth and investment, job growth, and a diversified economy through loans, grants, tax credits, marketing, minority/women-owned business support, workforce development, technical support, export assistance, COVID support, and other business-friendly tools.

Long Island’s Regional Economic Development Council channels State resources pursuant to a regional strategic plan. And to make the process highly efficient, Cara’s office uses a “Consolidated Funding Application.” It enables businesses to tap into multiple sources of funds through a single application

The Suffolk County Department of Labor supports business growth through recruitment services and hiring incentives, and also with economic and labor market data. The department serves workers directly through job training, job development, placement, and supportive services.

While Empire State Development can provide funding for businesses to create jobs, the County Labor Department’s key role is to draw talent to companies and to get them ready for work.

Rosalie wants to hear from business about gaps in the workforce. Her agency’s funds are then used to train the talent pool. She works with local training providers – including local colleges and trade schools – to train existing workers and the emerging workforce for available jobs.

The Suffolk County Industrial Development Agency serves the entire county except the towns of Brookhaven, Islip, Riverhead, and Babylon, which have their own IDAs. Suffolk IDA promotes and attracts job and recreational opportunities. It targets companies wishing to remain or expand in Suffolk, or to move into the county. The types of industries the IDA generally helps are in manufacturing, distribution, R&D, and warehousing in addition to energy projects and multifamily housing.

Kelly’s agency, which often enhances its aid packages with incentives from PSEG and National Grid, offers three main forms of assistance: reductions in the mortgage recording tax, sales tax exemptions, and property tax exemptions.

For a link to the video of my conversation with these three remarkable women, click here. You can also listen to the conversation on my podcast, “Business Steps Up,” by clicking here.

And here’s their contact information:

Empire State Development (ESD)
Cara Longworth, Regional Director
LIREDC@esd.ny.gov
631-435-0717

Suffolk County Department of Labor (DOL)
Rosalie Drago, Commissioner
rosalie.drago@suffolkcountyny.gov
diane.lachapelle@suffolkcountyny.gov
631-853-6600

Suffolk County Industrial Development Agency (IDA)
Kelly Murphy, Deputy Executive Director
kelly.murphy@suffolkcountyny.gov
631-853-4802

I urge HIA-LI members and all local businesses to learn about the financing and services these agencies offer and to contact them. They really want you to hear from you!

Folks, this is “money on the table” that will help your business succeed. Take advantage of it!

Trade Show Proves We’re Back to Business!

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No matter the industry or the business sector – and no matter whether you’re a for-profit or not-for-profit enterprise – there’s nothing like real-world, face-to-face networking to help reinforce existing relationships and develop new relationships.

More than 2,000 participants walked the floor at the HIA-LI 34th Annual Business Trade Show and Conference on May 26.

And that leads to new business!

We were all reminded of these basic truths on May 26 at our 34th Annual Business Trade Show and Conference at Suffolk Community College in Brentwood. More than 2,000 business executives joined us to interact with more than 150 exhibitors representing just about every industry sector on Long Island: technology, energy and environment, manufacturing, finance, hospitality, healthcare, media and advertising, education, government, workforce development, and more.

The event began with a sold-out, all-star breakfast panel moderated by Marc Herbst of the Long Island Contractors’ Association. Panelists included Scott Burman of Engel Burman, Joe Campolo of Campolo Middleton & McCormick, Jim Coughlan of TRITEC, and Richard Zapolski of Cameron Engineering.

The panel zeroed in on one of the most exciting and ambitious projects taking shape on Long Island today: Midway Crossing in Ronkonkoma.

The $2.8-billion, public/private project would create a transportation-oriented hub comprised of 1.4 million square feet of office space geared toward bio-tech, research, healthcare and STEM education. It would also include a convention center with a 108,000-square-foot exhibit hall, a 30,000-square-foot ballroom, and 20,000 square feet of meeting rooms.

Plans for Midway Crossing also encompass a 300-room hotel, 250,000 square feet of retail and restaurant space, and a new, 300,000-square-foot terminal at Islip MacArthur Airport that would connect to the Ronkonkoma LIRR station.

Panelists agreed that Midway Crossing stands to be a transformational project for the Long Island economy, generating thousands of jobs and helping to better integrate Long Island’s transportation infrastructure on a big-picture basis – and for the long term.

Making Midway Crossing a reality is going to require energetic advocacy on the part of the Long Island business community, and HIA-LI – a long-time supporter of Islip’s Long Island MacArthur Airport – plans to play an active part.

Other projects discussed include growth at the Long Island Innovation Park at Hauppauge, the Ronkonkoma Hub, downtown Bay Shore, and downtown Long Beach – all vital projects that give young professionals options to live, work, and play on Long Island.

Why is this important? Because studies show that 67 percent of young adults ages 18 to 35 and looking to leave Long Island within the next five years. And by 2025 – just three short years from now – 75 percent of our workforce will need to be young professionals.  These projects are critical to stop the brain drain that’s on the horizon.

Also, for the first time, our Trade Show featured a dedicated Manufacturing Pavilion focused on specific issues and challenges facing manufacturers.

And how do we know it was a success? We asked exhibitors, sponsors, and attendees to complete surveys that would allow us to quantify their level of satisfaction with the event. And, on a scale of one to ten, respondents gave the Trade Show a robust ranking of 8.5.

Thank you to everyone who helped contribute to the success of our 34th Annual Business Trade Show and Conference. Let’s keep the momentum going!

Despite Challenges, the Long Island and National Economies Are Set to Grow

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It was wonderful to be back in person at the HIA-LI Economic Summit. On March 25, business leaders, colleagues, and friends joined us at the Radisson in Hauppauge for our 28th Annual Summit, where a panel of experts offered their economic predictions for Long Island and the country.

Dr. Don Levy, Director at Sienna College Research Institute, summarized the results of the PKF O’Connor Davies 2022 Economic Survey. Among the 270 CEOs who participated, 59 percent said that the economy on Long Island was better than it was a year ago, and 61 percent expected improvement during 2022. Within their industries, 50 percent described conditions as more favorable than they were last year, and 56 percent anticipated an upswing in 2022. Normalized against historic data, these four results indicate a confidence rating of 6.8 out of 10, up from 6.5 a year ago.

Challenges include the continuing impact of COVID (cited by 55 percent of CEOs), inflation (53 percent), and rising supplier costs (43 percent). Worker supply is another: “Only one out of five say that they can find the people they need to step in and make a fruitful contribution right away,” remarked Levy.

Bob Quarte, a Partner at PKF O’Connor Davies who is also HIA-LI Board Treasurer, moderated the panel discussion. Noting the challenges that have arisen since the completion of the survey in early January — the war in Ukraine, a stock market correction, rising interest rates, and spiraling gas prices — he asked the panelists to describe their confidence in the economy and in their business sectors.

“As businesses get busier, healthcare gets busier,” stated Dr. Patrick O’Shaughnessy, President and CEO of Catholic Health Services. “I don’t just mean sick care. I mean well care, and that includes important screenings, keeping you healthy, getting ahead of you having a problem that causes more of an impact. I believe we’re moving forward in the right direction. That doesn’t mean we’re not going to have blips along the way, but I’m optimistic.”

Rich Humann, President and CEO of H2M Architects + Engineers and HIA-LI Board Chair, said that despite the national energy strategy that “continues to tip on a scale,” he is also optimistic. “As we recover, the commitment to infrastructure, the commitment to dollars, is coming from the federal government. Although there’s clearly an inflationary effect of that, nothing moves us in a strong economic direction more than a really robust investment in infrastructure.”

The national economy will do well in the long term, predicted Kevin O’Connor, CEO of Dime Community Bank and HIA-LI Board Secretary, but it will experience blips in the short term. “The Fed’s ability to navigate a soft landing does not have a lot of historical success. We may feel some pain that might be necessary to end some of the inflationary pressures.”

Dr. Edward Bonahue, President of Suffolk County Community College and an HIA-LI Board Member, declared that he’s “remarkably optimistic” despite the difficulties created by the pandemic. “We know that our ability to engage students, to provide hands-on workforce training that replicates the conditions that students are going to find when they’re on the job, is going to be supported by the continuing economic recovery, and the continuing recovery from COVID.”

“Things go in cycles,” added Quarte, summing up the panelists’ perspectives. “We might be in a difficult cycle right now, but we’ve proved we’ve always pulled through it.”

Download a copy of the survey here.