MacArthur Airport

Fueling Long Island’s Future: A Blueprint for Smart, Sustainable Growth

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Photo caption: I was joined by (from left) Joe Campolo, Managing Partner, Campolo, Middleton & McCormick, LLP and HIA-LI Board Member; HIA-LI Board Chair, Standard Advisors Group CEO, and Babylon Town Councilman, Anthony Manetta; Islip Town Supervisor Angie Carpenter; Smithtown Supervisor Ed Wehrheim; Suffolk County IIDA Executive Director and CEO Kelly Murphy; and, TRITEC Real Estate Company Executive VP and Partner Jimmy Coughlan.

At HIA-LI’s recent Economic Development Symposium, we welcomed a room full of business leaders, public officials, and visionaries who share a common belief: that Long Island’s economic future can—and must—be shaped intentionally, inclusively, and strategically.

The forum underscored what we already know to be true: sustainable economic growth doesn’t happen by chance. It’s built on a foundation of smart investments, bold leadership, and the willingness to rethink the systems we’ve inherited.

Building Livable Communities Through Collaboration

One consistent theme that emerged was the critical importance of collaboration between government and the private sector. Angie Carpenter, Supervisor of the Town of Islip, made it clear that responsible economic development must go hand-in-hand with quality-of-life investments. Her town is not only reimagining downtown Central Islip through a $10 million Downtown Revitalization Initiative but also leveraging the economic power of MacArthur Airport to create jobs and attract investment. With five airlines and 18 non-stop destinations—including new service from JetBlue and Avelo—Islip is proving that modern infrastructure is essential to regional vitality.

Economic Development with a Human Face

At the Suffolk County IDA, Kelly Murphy is driving investment that is both data-informed and community-centered. Her team helped generate over $214 million in payroll last year, through projects that didn’t just create jobs—they created careers. The IDA’s focus on “Long Island First” encourages companies to hire locally and reinvest in the region, from expanding manufacturers at the Long Island Innovation Park at Hauppauge to family-owned businesses like Casanova Meats. These aren’t abstract numbers; they’re direct investments in families, futures, and neighborhoods.

That focus on workforce development is aligned with the region’s recent progress. According to data recently announced by Governor Kathy Hochul, Long Island added 91,000 non-farm jobs between 2020 and 2024—an impressive 7.1% increase. Healthcare led the way with more than 24,000 new positions, while construction rose 10%, creating over 8,000 jobs. Even more encouraging: unemployment dropped from 4.5% to 3.8%, a signal that targeted investments are paying off across the board.

Solving the Housing Crisis: A Prerequisite for Economic Growth

No conversation about Long Island’s future can avoid the issue of housing. Jimmy Coughlan, Executive Vice President at TRITEC Real Estate, laid out the stark reality: of counties in the U.S. with a population of at least 1.5 million, Suffolk County is the second largest by area and by population, but dead last nationwide in new housing starts. Nassau County, right next door, doesn’t fare much better. Both counties lag behind high-growth regions like Charlotte, Nashville, and Raleigh—places that have embraced new development to attract and retain talent.

The consequences here are clear: young professionals are being priced out, businesses can’t attract the workforce they need, and our region’s growth potential is being constrained. The housing market, like any market, is a function of supply and demand—and on Long Island, we’re simply not producing enough supply.

But Coughlan didn’t come with just problems—he brought solutions. Smart growth. Transit-oriented development. Streamlined approvals. Flexible affordability mandates that make projects financially viable. TRITEC’s work in Bay Shore and Ronkonkoma proves that when developers and local governments work together, vibrant communities follow.

A Model for Regional Growth: The Long Island Innovation Park

In the Town of Smithtown, Supervisor Ed Wehrheim has made the Long Island Innovation Park at Hauppauge a centerpiece of his economic development agenda. The park now supports over 55,000 jobs, contributes $13 billion in economic output, and houses leading companies in sectors like aerospace, biopharma, IT, and advanced manufacturing.

Wehrheim’s vision for a “live, work, play” district—with mixed-use zoning, modern infrastructure, and expanded sewer capacity—is already attracting the younger workforce Long Island needs to stay competitive. His town’s track record—AAA bond rating, zero fiscal stress, thriving downtowns—is a model for how proactive leadership fuels prosperity.

A Call to Action

At HIA-LI, we believe in the power of partnerships. What we heard at this year’s Economic Development Symposium wasn’t just a list of projects or statistics—it was a blueprint for how to move forward as a region. It starts with embracing innovation, investing in infrastructure, building housing for every generation, and supporting the businesses that power our economy.

Long Island’s future isn’t written yet. But with bold thinking and shared purpose, we’re well on our way to building it—together.

Long Island’s Economic Landscape: Insights from HIA-LI’s 31st Annual Economic Summit

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John Fitzgerald, Partner at Citrin Cooperman, reviewed the survey results and served as moderator of the panel.

Last week, over 200 business leaders gathered at HIA-LI’s 31st Annual Economic Summit to discuss the findings of our latest Economic Survey, conducted in collaboration with Citrin Cooperman and Adelphi University. This event is one of the most valuable touchpoints for our business community, providing data-driven insights that help shape strategic decisions for the year ahead.

Optimism and Challenge: Long Island’s Economic Climate

The 2025 HIA-LI Economic Survey revealed a complex economic picture—one of optimism, growth, and persistent challenges. Among the key takeaways:

  • 54 percent of business leaders believe Long Island’s economy is growing.
  • 70 percent of businesses met or exceeded their 2024 profitability goals.
  • 42 percent of businesses plan to expand their footprint on Long Island.
  • However, 71 percent of respondents cited retention of young professionals as a major concern.
  • High taxes and inflation remain top issues affecting profitability.

These findings reinforce what we see daily at HIA-LI: businesses are resilient and committed to Long Island, yet they face systemic hurdles that require strategic solutions and collaboration.

Infrastructure: A Game Changer for Economic Growth

One of the most exciting discussions of the summit centered on infrastructure investments, particularly the $150 million state investment in MacArthur Airport, announced last week by Governor Kathy Hochul. This initiative, championed by Islip Town Supervisor Angie Carpenter, will create a direct rail connection to the Long Island Rail Road, making regional travel and business operations more efficient.

Christine Flaherty, Senior Vice President of Real Estate Development and Facilities at Catholic Health, highlighted the critical role of healthcare infrastructure in supporting Long Island’s economic vitality. With Catholic Health’s continued investment in ambulatory care centers and telehealth services, the region is strengthening its healthcare ecosystem, which directly impacts business productivity and workforce retention.

Meanwhile, Rich Humann, President & CEO of H2M Architects + Engineers, emphasized how modernizing Long Island’s infrastructure through smart technology and digital transformation will be a catalyst for economic stability and business growth.

Workforce and Housing: The Retention Crisis

The top challenge facing Long Island businesses continues to be talent retention and workforce development. The survey found that 46 percent of business leaders report increasing difficulty in hiring quality candidates—nearly triple the percentage from two years ago.

The lack of affordable housing compounds this issue. John Finn, Director of Leasing and Acquisitions at Damianos Realty Group, stressed that housing affordability is at a crisis level, with local governments needing to rezone and expand housing options to keep young professionals on Long Island.

Meanwhile, Diane Manders, CEO of Habitat for Humanity of Long Island, highlighted that applications for affordable homeownership have skyrocketed by 600 percent in the past five years, signaling an urgent demand for solutions.

The Role of Finance: Navigating Inflation and Growth

Despite the positive business outlook, inflation and rising interest rates remain significant concerns. Brian Teplitz, Chief Credit Officer at Dime Bank, pointed out that while business lending remains competitive, borrowing costs are rising, and companies must adapt their financial strategies accordingly.

Yet, businesses are determined to grow. Many survey respondents indicated plans for capital improvements in 2025, with technology investments being a top priority. This reinforces the need for public-private collaboration to create policies that support business expansion while mitigating financial risks.

Bridging Business, Government, and Education

The panel discussion, moderated by John Fitzgerald, Partner at Citrin Cooperman, was dynamic and solutions-driven. It became clear that businesses, government leaders, and educational institutions must align efforts to address these challenges.

At HIA-LI, we continue to advocate for:

  • Workforce development initiatives that build talent pipelines.
  • Infrastructure expansion to enhance economic opportunities.
  • Policies that make Long Island a competitive place to live and work.

Looking Ahead: Solutions, Not Just Data

The 31st Annual Economic Summit was more than just a snapshot of Long Island’s economy—it was a call to action. We have the resources, talent, and expertise to tackle these challenges, but collaboration is key.

To every business leader, policymaker, and stakeholder who participated: thank you. Your engagement fuels the work we do. As we move forward, HIA-LI remains committed to driving solutions that ensure Long Island’s economic future is strong, sustainable, and forward-thinking.

Let’s continue the conversation. If you’re not yet involved, now is the time. Join us in shaping the future of Long Island.

To view the full Economic Survey, click 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.

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!

LI MacArthur Airport and Tourism: Economic Generators for Long Island

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It was a full-house at the March 22 event at Long Island MacArthur Airport, “Taking Business and Tourism to New Heights.”

It’s hard to beat tourism as a business booster.

Economic development professionals will always tell you that one of the best ways for any community to attract incoming dollars is through tourism.

Similar to the benefit enjoyed when customers outside your area purchase your exported products, a dollar spent by a visiting tourist represents the introduction of new, net wealth into your locality.

It’s a pure win, because it’s fresh, outside money coming in.

And the good news is that Long Island business and government leaders know and appreciate this fact. Moreover, they take concrete action to promote and support tourism as a means of enriching the Nassau and Suffolk economies.

To further sharpen our business community’s understanding of the symbiosis uniting tourism and business, HIA-LI hosted more than 200 members of the regional business community at a breakfast panel at Long Island MacArthur Airport on Friday, March 22. The event was called “Taking Business and Tourism to New Heights.”

The panel highlighted Long Island MacArthur Airport, which is owned and operated by  the Town of Islip, and Discover Long Island, the agency formally designated to promote Long Island as a destination for tourism, meetings, conventions, and sporting events.

Speakers included Kristen Jarnagin, President and CEO of Discover Long Island; Town of Islip Supervisor Angie Carpenter; Airport Commissioner Shelley LaRose-Arken.

Ms. Jarnagin helped to crystallize the theme of the event with the following economic development proverb:

“If you build a place where people want to visit, you will build a place where people want to live,” she said. “And if you build a place where people want to live, you will build a place where people want to work. And if you build a place where people want to work, you will build a place where business will want to be. And if businesses want to be there, you will build a place where people will want to visit.”

Thanks to Discover Long Island data, attendees learned that travelers spent an eye-opening $5.9 billion on Long Island in 2017.

And on the fiscal side, tourism in Long Island generated $722 million in state and local taxes in 2017. And sales, property, and hotel bed taxes contributed to nearly $400 million in local taxes.

By fortifying Long Island’s tax base, the tourism industry enhances the region’s ability to attract and retain private companies.

As most readers know, MacArthur Airport is an indispensable hub of our area’s tourism sector. The airport sees more than 5,000 people fly in and out every day.

And under the leadership of Supervisor Carpenter, herself a former businesswoman, the 1,300-acre airport has systematically maintained strong ties to our area’s business community.

Airport Commissioner LaRose-Arken told attendees that MacArthur ranked as America’s fastest-growing, medium- to large-sized airport, as measured by domestic seats.

She also noted that both Southwest and American Airlines had recently responded to growing demand by introducing larger aircraft, and that Frontier Airlines had expanded its list of destinations reachable from the airport.

“We try to operate our airport like a business,” said the Commissioner. “And over the last four years, the airport has run a surplus.”

Underscoring our business community’s commitment to tourism, several private-sector players recently helped underwrite a Discover Long Island survey designed to help inform future strategies for the industry’s growth.

HIA-LI, National Grid, and the Manufacturing Consortium of Long Island – which also goes by the name of Ignite Long Island – joined forces with Long Island University and Long Island MacArthur Airport to sponsor the project.

As reported by Newsday, the Discover Long Island analysis found that when travelers are told about “the Island’s beaches and parks, museums, restaurants, and other attractions, the likelihood they will visit rose to 65 percent compared with 47 percent when they knew little about the region.”

To further bolster region-wide tourism, Discover Long Island in 2017 initiated its first-ever co-marketing partnership with New York City’s tourism agency, NYC & Co. The joint program positions Long Island as “a great addition to New York City trips” and as the city’s “beachfront backyard.”

During a question-and-answer session, Ms. Jarnagin urged event attendees to always remember to speak positively about Long island.

“Please think about the way you’re speaking about your home and where you live,” she said. “Because when you put something online, people see it all over the world. If everyone hears something negative, why would anyone want to come here?”

Supervisor Carpenter also urged business leaders to make their presence felt at public hearings and speak up in support of development initiatives “because the naysayers are always going to be there.”

We need to work collaboratively with institutions and government entities.  For example, HIA-LI had provided assistance to MacArthur Airport in assessing travel patterns and passenger needs when the air facility had been scoping out growth strategies.

We simply can’t underestimate the value of this airport and tourism in strengthening the economic foundation of Nassau and Suffolk counties.  The deeper the commitment we make to tourism, the more tourism delivers to our business community.