Long Islands Future Economy

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Strategic plan of the Long Island Regional Economic Development Council.
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  L ong   I sland’s   F uture   E conomy  A S  trAtegic e conomic D evelopment p lAn F or t he l ong i SlAnD r egion Prepared for New York State Governor Andrew M. Cuomoand Lieutenant Governor Robert J. Duffy By The Long Island Regional Economic Development CouncilKevin S. Law and Stuart Rabinowitz, Co-Vice Chairs  A n ew B eginning F or n  ASSAu    AnD S uFFolk c ountieS   November, 14, 2011Mr. Kenneth AdamsPresident & CEO New York State Empire State Development Corporation633 3rd Avenue, 37th Floor  New York, New York 10017Dear Mr. Adams:We are very pleased to submit to New York State an exciting strategic economic development plan for the Long Island region: “Long Island’s Future Economy – A New Beginning for Nassau and Suffolk Counties.” Prepared by the Long Island Regional Economic Development Council, the plan capitalizes onour region’s strengths and assets; invests in our people, institutions and employers; and encourages private nancing as leverage to persuade the State to invest in our region, as thousands of jobs will be created and the return on New York’s investment will be high.We want to thank Lieutenant Governor Robert J. Duffy for his commitment to our state and dedication tothis new process and Irene Baker and ESDC Staff for guiding us through this complex and all-consumingeffort. We also commend the Regional Council as well as the more than one hundred people who served on our Work Groups. All helped us reach regional consensus on the plan and priority projects. We especially applaud Governor Andrew M. Cuomo for creating the Council system and for empoweringthe Regional Council to develop plans for Long Island’s future economy. We now believe our region istruly “Open for Business.”Respectfully Submitted,Kevin S. Law Stuart RabinowitzPresident & CEO PresidentLong Island Association Hofstra University Long Island Regional Economic Development Council  Long Island Regional Economic Development Council Chair Lieutenant Governor Robert J. Duffy Long Island Regional Co-Vice Chairs Stuart Rabinowitz,  President, Hofstra University Kevin S. Law,  President, Long Island Association Long Island Representatives Samuel Aronson, Ph.D.,  Director, Brookhaven National Laboratory Dr. Calvin Butts, III,  President, SUNY College at Old Westbury Joseph Cabral, Senior Vice President & Chief Human Resources Ofcer, North Shore-LIJ Health System  Noreen Carro, Owner, LMN Printing Co., Inc. James D'Addario, Chairman & CEO, D'Addario and Company, Inc. John R. Durso,  President, Long Island Federation of Labor  Lutricia (Pat) Edwards, Vice President, Community Development - Long Island, Citi Tracey A. Edwards,  Region President New York North/West, Verizon Communications Mark Fasciano, Managing Director, Canrock Ventures Marianne Garvin,  President & CEO, Community Development Corporation of Long Island  V. Elaine Gross, President & CEO, ERASE Racism Rupert Hopkins,  President & CEO, XSB, Inc. Harvey Kamil, Vice Chairman, NBTY, Inc. Patricia McMahon, Sector Vice President & General Manager of Battle   Management Engagement Systems, Northrop Grumman Corporation Belinda Pagdanganan, Government Relations Manager, National Grid  Desmond M. Ryan,  Executive Director, Association for a Better Long Island, Inc. Paulette Satur, Owner, Satur Farms, LLC  Anne D. Shybunko-Moore,  President/Owner, GSE Dynamics, Inc. Samuel L. Stanley Jr., M.D.,  President, Stony Brook University William Wahlig,  Executive Director, Long Island Forum for Technology  Table of Contents Vision Statement …………………………………………………......…..1Executive Summary..…………………………………………......………2What We’re Doing:Investments to Achieve our Vision ........…............. ..Pullout Section Where We’ve Been: The Long Island Story ……………………….......10How We Know: Public Participation ..………………………………....12Where We Are Now: Regional Assessment …………………………....14Where We Want to Be: The Economic Development Vision .………....17How We Get There: Implementation Plan and Agenda .…………….....63How We Know We’re Succeeding:Performance Measurement Plan …………………….....….…......73Appendix A…………………………………………………………......75Appendix B……………………………………………………………..76Appendix C……………………………………………………………..83Appendix D……………………………………………………………..86
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