We’re home to business success
Long Island has internationally recognized companies and acclaimed research and educational institutions, as well as renowned wineries and beautiful beaches. Primed for growth, the region also offers businesses a highly skilled workforce and close proximity to New York City. Combined with quality of life assets like premier centers of art and culture and captivating natural landscapes, Long Island is truly a place to call home.
Key facts
Here’s a look at the reasons why businesses of all kinds are thriving in the Long Island region:
- Industries such as aerospace, defense, pharmaceutical, financial services, biotech/biomedical, agriculture, software and information technology, printing, food processing, government, manufacturing, and travel and hospitality.
- With more than 20,000 jobs in the life sciences — the most of any region in New York State — biotechnology is a strong part of the economy as it grows large pharmaceutical firms and launches entrepreneurial startups. Most recently, the region has experienced exponential growth in biotech with companies such as Contract Pharmacal, NBTY Inc., LNK International, Sciegen Pharmaceuticals, and others.
- The region is home to a wealth of higher education institutions — 20 colleges and well-known research facilities — that have made, and continue to make, incredible discoveries. Life-changing research is done here, and the investment — by business and by the universities — is substantial.
- Long Island has a 300-year old history of farming, fishing and raising poultry that is still supported today:
- Long Island has more than 500 farms in Suffolk County generating wholesale produce of $200+ million.
- The region is home to 45 licensed craft breweries and more than 60 vineyards, supporting tourism and hundreds of jobs on Long Island.
The Long Island regional office works hand-in-hand with new and existing businesses to help identify program funding to support business growth and expansion. Below, explore the wide range of economic development programs that are available for building new facilities, relocating a business, expanding operations and workforce and entering new markets and international arenas.