Big Ideas for Long Island’s Economic Future

Long Island’s economic future will not be determined by any single project or policy. It will be shaped by the ability of leaders across the region — in business, government, and community organizations — to work together to advance bold ideas that strengthen our economy and expand opportunity. That spirit of collaboration was on full display last week when HIA-LI hosted its Economic Development Task Force dinner at Mama Lombardi’s in Holbrook.

Co-hosted by Strata Alliance — founded by HIA-LI Board Member Joe Campolo, Chair of HIA-LI’s Economic Development Task Force and Managing Partner of the Ronkonkoma-based law firm Campolo, Middleton & McCormick — the event brought together about 50 regional leaders, including roughly a dozen elected officials. The evening began with networking before transitioning to a dinner and discussion focused on Long Island’s economic opportunities and the work still ahead to fully realize the region’s potential.

One topic that consistently underscores Long Island’s economic strength is the Long Island Innovation Park at Hauppauge.

The park — the second largest industrial park in the United States after Silicon Valley — is something of a hidden gem in the regional economy. It represents one of Long Island’s most important employment centers and a powerful driver of economic activity, supporting tens of thousands of jobs and billions of dollars in economic output.

But the park’s true significance lies in the collaborative effort that continues to shape its future. Government leaders, economic development organizations, businesses, and community partners have worked together to position the park for continued growth and revitalization.

Town of Smithtown Supervisor Ed Wehrheim spoke about the town’s leadership in advancing the overlay district that allows for thoughtful redevelopment within the Innovation Park. The initiative is designed to support a more modern economic environment that could eventually include mixed-use development and a live-work-play atmosphere in appropriate areas. Wehrheim also noted that there are currently no hotels in the Town of Smithtown — a gap that has implications for tourism and business activity as Long Island continues to grow. He also discussed redevelopment efforts underway in Kings Park and the importance of strategic planning to help communities evolve and thrive.

Infrastructure investment emerged as another key theme of the evening.

Robert Calarco, Assistant Secretary for Intergovernmental Affairs in the office of Governor Kathy Hochul, emphasized the governor’s strong commitment to Long Island and the team she has assembled to support the region’s economic development priorities. A major focus of that effort is investment in infrastructure, particularly sewer systems, which are often essential to unlocking new housing and economic development opportunities.

Without that infrastructure, growth can be constrained. With it, communities gain the ability to revitalize underutilized properties, attract new businesses, and support sustainable development.

The Suffolk County Industrial Development Agency also plays a key role in helping make those opportunities possible. Kelly Murphy, the agency’s Executive Director and CEO, spoke about the IDA’s ongoing work to support business growth and job creation throughout Suffolk County. Through financial assistance programs and strategic partnerships, the agency has helped facilitate hundreds of millions of dollars in private investment while supporting thousands of jobs for Long Island residents.

Regional tourism and economic opportunity were also part of the discussion.

Mitch Pally, Interim President and CEO of Discover Long Island, made a compelling case for the development of a convention center on Long Island. Despite having a population far larger than many cities across the country, the region lacks a facility capable of hosting major conventions and large-scale events.

Pally pointed out that New York State cities with smaller populations than Long Island — including Rochester, Syracuse, and Buffalo — all have convention centers capable of hosting conferences and large gatherings that generate significant economic activity. Without a similar facility, Long Island is missing opportunities to attract major events and the economic benefits that come with them.

He suggested that Ronkonkoma could be an ideal location for such a facility. The community has rapidly emerged as a transportation hub, anchored by Long Island MacArthur Airport, the Ronkonkoma Long Island Rail Road station, and major transit-oriented redevelopment. Projects such as Station Yards demonstrate how thoughtful planning and investment can transform communities.

That spirit of bold thinking is not new to Long Island.

Longtime Village of Patchogue Mayor Paul Pontieri, who was present at Thursday night’s dinner, is widely credited with leading one of Long Island’s most successful downtown revitalization efforts. When Patchogue faced empty storefronts and declining activity years ago, Pontieri and his team took bold steps to reimagine the village’s future. Through transit-oriented development, new housing, and a focus on creating a vibrant, walkable downtown near the Patchogue Long Island Rail Road station, the community was transformed into one of the region’s most dynamic destinations. Today, Patchogue is often cited as a model for other Long Island communities seeking to revitalize their downtowns and attract new investment.

At HIA-LI, fostering those partnerships has long been central to our mission. Through the Economic Development Task Force and our many initiatives across the region, we continue to bring together leaders who are committed to strengthening Long Island’s economy. The ideas discussed last week reinforce an important truth: Long Island’s future will be shaped not only by bold vision, but by continued collaboration among business, government, and community leaders. HIA-LI will remain a convener for those conversations and a catalyst for the partnerships that move our region forward.

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

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.