It Ain’t Just Exhibit Booths!

Top photo: The trade show floor. Bottom photo: The executive luncheon panel.

Every May, HIA-LI’s Annual Trade Show and Conference infuses our year-round programming  with a healthy jolt of momentum.

This year’s event, our 31st, was the most successful ever. The May 30 exposition – held at Suffolk County Community College in Brentwood – attracted 375 exhibitors and more than 3,000 attendees. It was a joy to see attendees reinforce valuable business relationships on the trade show floor.

One high point was Executive Breakfast keynoter Carl Banks, the former NFL linebacker who earned two Super Bowl championship rings as a New York Giant.

Carl is president of GIII Sports, an apparel company ranking among the top three sportswear licensees in professional sports. He shared lessons for success he had carried from the football field into the business world.

Later, a stellar Executive Luncheon panel was moderated by Mitch Pally, CEO of the Long Island Builders Institute and a huge HIA-LI booster.

Panelist Bob Coughlan, principal with TRITEC Real Estate, updated attendees on the 50-acre Ronkonkoma Hub. His company is master developer of a project Bob calls “one of the East Coast’s best transit-oriented sites.”

In a presentation by David Wolkoff, a principal at Heartland Business Center, guests were briefed on Heartland Town Square, a walkable, 450-acre “smart growth” community unfolding on Brentwood’s former Pilgrim State grounds.

David Pennetta, executive director of Cushman & Wakefield, discussed such novel development strategies as a recent proposal to permit multi-family development within an aging Melville business park.

Village of Patchogue Mayor Paul Pontieri drew praise from fellow panelists for his community’s precedent-setting, redevelopment makeover, including TRITEC’s $112 million, multi-use “New Village” community.

Panelist Joe Campolo — the Managing Partner at Campolo, Middleton & McCormick, LLP and our HIA-LI board chair — reinforced the upbeat spirit by focusing on the action plan spelled out in the recent “Opportunity Analysis” completed for the Long Island Innovation Park at Hauppauge, the new name of the Hauppauge Industrial Park.

The analysis was sponsored by Suffolk County IDA and the Regional Plan Association – and a Task Force is poised to turn the plan into a reality.

While every panelist acknowledged the urgent need for Long Island to retain the youngest stratum of our workforce, Joe said that the strategic re-creation of our business park would play an instrumental role in keeping young people here.

The energy of a successful trade show – combined with the anticipation we’re all feeling as the Park launches its expansion plans – made for an exciting day!

The Largest Industrial Park in the Northeast Has a New Name – and a Strategy for Long-Term Growth

HIP press conference 4 24 2019 group shot
From left: Jack Kulka, Lifetime Board Member, HIA-LI; Joe Campolo, Board Chair, HIA-LI; Hon. Ed Wehrheim, Smithtown Supervisor; Hon. Steve Bellone, Suffolk County Executive; Hon. Angie Carpenter, Islip Town Supervisor; Terri Alessi-Miceli, President & CEO, HIA-LI; Kelly Morris, Deputy Executive Director, Suffolk IDA; and, James Lima, President, James Lima Planning + Development.

It’s hard enough figuring out how to grow our businesses and organizations over the next, say, six months . . . or year . . . or even two years.

So, how do we chart a course for growth over the next decade? Or two decades?

Well, we now have clear and specific answers.

First, based on feedback from park occupants, our government partners and our future workforce, we are changing the name of the Hauppauge Industrial Park.

Its new name is the Long Island Innovation Park at Hauppauge with the tagline: “Where Business Meets Innovation.”

As the largest business park in the Northeast, we’re already the unrivaled cornerstone of the Suffolk County economy. This Park is home to 55,000 employees – and our $13 billion of annual output accounts for eight percent of Long Island’s Gross Domestic Product.

Our proven capacity for innovation will be the key to decades of new growth, so innovation is now our middle name.

And what is our blueprint for decades of expansion?

Last year, we assembled the talents of Stony Brook University, the Suffolk County Industrial Development Agency, and the Regional Plan Association to compile a comprehensive inventory of the park’s assets.

The Suffolk IDA then brought in James Lima Planning + Development to match up our assets against the anticipated demands of tomorrow’s regional and national economy.

The result: a 167-page report that Suffolk County Executive Steve Bellone called a “comprehensive roadmap” that spells out “the building blocks needed to strengthen, expand and attract key industry clusters that will push our innovative economy to the next level.”

The analysis found that we held a big advantage over the rest of Long Island through our powerful contingent of “tradeable” business. “Tradeable” commerce involves goods and services exportable to other locations — and not consumed solely by local markets.

This is a hard-core metric of regional economic development value because it measures an asset’s capacity to serve, in essence, as a “dollar magnet” – and to attract outside wealth into the area.

The Island-wide ratio of “tradeable” business runs only 23 percent, contrasted with a national rate of 36 percent.

But the figure for Long Island Innovation Park at Hauppauge stands at an impressive 58 percent, over 20 percent higher than the national average.

That’s a platform worth building upon, and one that is destined to elevate the Park’s status as a regional business driver.

The report pinpointed five essential, high-level economic development strategies for the Park to grow and influence the entire Long Island economy:

First, facilitate business growth. Second, strengthen training and workforce development. Third, attract and retain knowledge workers. Fourth, promote innovation and technology transfer. And fifth, fortify connections among business, government and institutions.

“This reimagining of the Park,” says Suffolk IDA chair Theresa Ward, “gets everyone involved in economic development in this region excited because the potential is so real and obtainable.”

With this insightful, five-part game plan in hand, Long Island Innovation Park at Hauppauge is today equipped to fulfill a growth scenario that will redouble its contributions to our regional economy.

Ambitious? Yes.

And do we have the assets – and the will – to pull it off?

Absolutely!