We’ve got the vision – and we’ve got the strategy.
And now, we’ve got a blue-ribbon Task Force in place to implement the strategy.
Our goal? The HIA-LI is spearheading a bold expansion of the Long Island Innovation Park at Hauppauge (LI-IPH), formerly known as the Hauppauge Industrial Park.
While our 55,000-employee workforce already delivers $13 billion in annual output, we’ve now identified powerful opportunities for new growth.
With support from the Suffolk County IDA and the Regional Plan Association, HIA-LI commissioned a full-blown “Opportunity Analysis” by James Lima of James Lima Planning + Development, a nationally respected economic development consulting firm.
It found that the Park stood as Long Island’s top source of new, incoming wealth – thanks to our unsurpassed ratio of “tradable” businesses. These are companies whose exports and services attract new dollars into the region.
Tradable industries constitute only 23 percent of the regional economy, well below the 36 percent national average.
But our Park’s ratio is super-high: 58 percent of our workforce represents jobs in tradable industries.
The 160-page Lima assessment pinpointed five expansion strategies: facilitate business growth, attract and retain key knowledge workers, strengthen workforce development, promote innovation, and bolster connections among businesses, government, and institutions.
Happily, our new LI-IPH Task Force has already begun implementing these strategies.
In addition to myself and Joe Campolo, HIA-LI board chairman and managing partner of Campolo, Middleton & McCormick, LLP, its members include:
- Carol Allen, President and CEO of People’s Alliance Federal Credit Union
- Jim Coughlan, Principal of TRITEC Real Estate Co.
- Rich Humann, President and CEO of H2M Architects + Engineers
- Jack Kulka of the Kulka Group
- Anthony Manetta of HB Solutions
- Kevin O’Connor, President and CEO of BNB Bank
- Bob Quarte, Managing Partner of AVZ Certified Public Accountants
I applaud our Task Force members for their commitment to the LI-IPH – and to our region’s future.
Let’s enthusiastically support their efforts to usher in a new era of economic vibrancy for Long Island.