Welcome!

News Feed Item

Long Island Businesses Rally, Report Higher Revenue for 2013, Increased Confidence in the Economy

HIA-LI Long Island Economic Summit to Detail Results of 20th Annual Long Island Economic Survey and Opinion Poll; Wednesday, February 5, 2014, 8:00 a.m. - 10:00 a.m., Islandia Marriott Long Island, 3635 Express Drive North, Islandia, NY

HAUPPAUGE, N.Y., Jan. 20, 2014 /PRNewswire/ -- Long Island businesses bounced back during 2013 in a stunning economic turnaround they expect to continue into 2014, according to results from the 20th Annual Long Island Economic Survey and Opinion Poll. More than 60 percent of the respondents, business owners and executives on Long Island, reported an increase in revenue in 2013 which they project to repeat this year. The annual poll, now in its second decade, is conducted by Albrecht, Viggiano, Zureck & Company, P.C. (AVZ) in partnership with Long Island Business News. A panel of Long Island business and government leaders will discuss the survey findings as HIA-LI, the recognized voice for business on Long Island, hosts the Long Island Economic Summit, Wednesday, February 5, 2014 from 8:00 AM10 AM, at Islandia Marriott Long Island, 3635 Express Drive North, Islandia, NY. Registration and event information is available at http://hia-li.org/event_detail_wf2.cfm?eventid=469.

(Logo:  http://photos.prnewswire.com/prnh/20140120/NY48371LOGO )

"Long Island business owners and executives reported the highest levels of local and national economic confidence in the past six years. It is a testament to their ability to renew, reinvent and rebuild their businesses," said Terri Alessi-Miceli, HIA-LI president. "We welcome attendees to our annual economic summit where they will be able to compare their results to their peers. As always, the information presented helps to set a benchmark for the year's business economic performance."

"Each year, for the past two decades, the responses to our economic survey have served as a barometer for the sentiments of the Long Island business community. This year the business community appears to be more optimistic than it has been since the beginning of the recession which is a very  encouraging sign," said Robert Quarte, a partner at AVZ. "We look forward to the event hosted by HIA-LI where we will provide greater detail and discussion around the survey findings."

Ken Adams, president and CEO of Empire State Development Corporation (ESDC) and Commissioner of the New York State Department of Economic Development will open the summit by detailing NYS initiatives impacting Long Island.

The summit will help gauge the pulse of the Long Island business community based on the AVZ survey and panel discussions on issues including new legislation, job and industry growth, availability of business credit and the LI housing market.  The panel will be moderated by AVZ's Quarte. Panelists include: Kevin O'Connor, President & CEO of Bridgehampton National Bank; James Pratt, Chairman of Pratt Brothers, Inc. & Chairman of the Long Island Contractors' Association; Gary Schacker (SIOR), Principal of United Realty & President Commercial Industry Brokers.

Among the survey highlights of the poll conducted in late 2013, respondents indicated:

  • Long Island economic confidence increased from 4.9 to 5.6 points.
  • National economic confidence increased from 4.7 to 5.5 points.
  • 44% of respondents say current business is better now than prior to 2008.
  • 63% realized an increase in revenue in 2013, up significantly from 46% in 2012.
  • 60% of respondents project an increase in revenue in 2014.
  • 33% experienced an increase in headcount during 2013.
  • 94% of respondents project headcount will either remain steady or increase in 2014.
  • 67% believe we will experience another financial crisis within the next five years.

Sponsors of the event include Albrecht, Viggiano, Zureck & Co., P.C.; Bridgehampton National Bank; Campolo, Middleton & McCormick, LLP and People's Alliance Federal Credit Union.

About the Long Island Economic Survey and Opinion Poll
The Long Island Economic Survey and Opinion Poll is conducted by Albrecht, Viggiano, Zureck & Company, P.C. (AVZ) in partnership with Long Island Business News.

About HIA-LI
HIA-LI helps Long Island businesses prosper. For over 30 years, we have been the recognized voice for business on Long Island and a powerful force and economic engine for regional development. We provide a forum for business leaders to network, problem solve and obtain advice on critical issues facing their businesses. Our member companies represent tens of thousands of business professionals. We're headquartered in and support one of the largest industrial parks in the United States. HIA-LI programs and events promote strategic partnerships, targeted networking, and information sharing and business advocacy. Members benefit from our committees, educational programs, career resources, research capabilities, mentoring opportunities and business advisory services. For more information, visit http://www.HIA-LI.org or call 631-543-5355.

HIA-LI CONTACT:
Terri Alessi-Miceli, 631-543-5355, talessi@hia-li.org

MEDIA CONTACT:                                          
Monique Merhige, Communication Strategy Group; 1-866-997-2424; monique@gocsg.com 

SOURCE HIA-LI

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
"DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy," said Roger Strukhoff, Conference Chair. "DX World Expo has organized these issues along 10 tracks with more than 150 of the world's top speakers coming to Istanbul to help change the world."
"We focus on SAP workloads because they are among the most powerful but somewhat challenging workloads out there to take into public cloud," explained Swen Conrad, CEO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are focused on SAP running in the clouds, to make this super easy because we believe in the tremendous value of those powerful worlds - SAP and the cloud," explained Frank Stienhans, CTO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"Peak 10 is a hybrid infrastructure provider across the nation. We are in the thick of things when it comes to hybrid IT," explained , Chief Technology Officer at Peak 10, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I think DevOps is now a rambunctious teenager – it’s starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are still a relatively small software house and we are focusing on certain industries like FinTech, med tech, energy and utilities. We help our customers with their digital transformation," noted Piotr Stawinski, Founder and CEO of EARP Integration, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
Any startup has to have a clear go –to-market strategy from the beginning. Similarly, any data science project has to have a go to production strategy from its first days, so it could go beyond proof-of-concept. Machine learning and artificial intelligence in production would result in hundreds of training pipelines and machine learning models that are continuously revised by teams of data scientists and seamlessly connected with web applications for tenants and users.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I will be talking about ChatOps and ChatOps as a way to solve some problems in the DevOps space," explained Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.