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, [email protected]

MEDIA CONTACT:                                          
Monique Merhige, Communication Strategy Group; 1-866-997-2424; [email protected] 

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
Everywhere we turn in our industry we can find strong opinions about the direction, type and nature of cloud’s impact on computing and business. Another word that is used in every context in our industry is “hybrid.” In his session at 20th Cloud Expo, Alvaro Gonzalez, Director of Technical, Partner and Field Marketing at Peak 10, will use a combination of a few conceptual props and some research recently commissioned by Peak 10 to offer a real-world consideration of how the various categories of...
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which in...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus intern...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
Regardless of what business you’re in, it’s increasingly a software-driven business. Consumers’ rising expectations for connected digital and physical experiences are driving what some are calling the "Customer Experience Challenge.” In his session at @DevOpsSummit at 20th Cloud Expo, Marco Morales, Director of Global Solutions at CollabNet, will discuss how organizations are increasingly adopting a discipline of Value Stream Mapping to ensure that the software they are producing is poised to o...
This talk centers around how to automate best practices in a multi-/hybrid-cloud world based on our work with customers like GE, Discovery Communications and Fannie Mae. Today’s enterprises are reaping the benefits of cloud computing, but also discovering many risks and challenges. In the age of DevOps and the decentralization of IT, it’s easy to over-provision resources, forget that instances are running, or unintentionally expose vulnerabilities.
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, will motivate why realizing the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insigh...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that EARP Integration will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. EARP Integration is a passionate software house. Since its inception in 2009 the company successfully delivers smart solutions for cities and factories that start their digital transformation. EARP provides bespoke solutions like, for example, advanced enterprise portals, business intelligence systems an...