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!

HIA-LI’s 2019 Agenda Aims to Boost Long Island’s Competitive Status

Click the image above for a copy of our 40th Anniversary Report.

Coming off our 40th anniversary last year, the HIA-LI is looking to the future and carrying forward our momentum into 2019.

We’re working together to promote the interests of the Long Island business community – and of America’s second-largest industrial park. And we’re fueled by the knowledge that everyone benefits – our companies, our organizations, our employees, and our households – when we successfully strengthen Long Island’s regional competitiveness.

This year, HIA-LI will center much of our attention on three strategic initiatives:

First, we’ll build upon the groundbreaking work of the Hauppauge Industrial Park Task Force – chaired by Joe Campolo, Esq., of Campolo, Middleton & McCormick, LLP – which focuses on elevating the park’s economic impact.

Initiated through the collaboration of our members, along with the Suffolk County IDA, the Regional Plan Association, and Stony Brook University, HIA-LI is now working with James Lima Planning + Development to pinpoint ways to maximize the Park’s growth and competitiveness.

One component of our Task Force work will be to fortify relationships with Long Island’s educational institutions to help better meet the workforce needs of the region. We’ll also be looking at re-branding the Hauppauge Industrial Park to better reflect the pride we have in this critical economic engine.

Our second area of concentration in 2019 is the HIA-LI Solar Initiative – co-chaired by Jack Kulka of Kulka Construction Corp. and Scott Maskin of SUNation Solar Systems – which will leverage our park’s 20 million square feet of unused rooftops. Solarizing this untapped resource will reduce electricity costs, generate jobs and revenues, and help preserve our environment.

And third comes our Small Business Task Force – chaired by Rita DiStefano of Portnoy, Messinger, Pearl & Associates – which is working to enhance HIA-LI’s ability to engage with Long Island’s small business community.

Our small and mid-sized business owners have asked us to concentrate on three critical needs: The first is to find, train and retain good talent. The second is to promote business development and generate fresh revenue streams. And the third is to secure financing that facilitates business growth.

While we’re always looking to recruit new board members, this year we’ll be specifically aiming to attract young entrepreneurs to our association, to our park, and to the Long Island region’s leadership ranks.

And it makes sense to mark your calendar now for one of our seminal annual events, the HIA-LI 31st Annual Trade Show, which this year will be held on Thursday, May 30.

In 2019, let’s keep working together to elevate Long Island as one of the country’s great and vibrant economic centers.