Long Island Business Owners Remain Optimistic as Economic Confidence Continues to Increase

HAUPPAUGE, N.Y, Feb. 7, 2017 /PRNewswire/ -- Long Island business leaders expressed increased economic confidence and remain optimistic about business growth on Long Island, according to the results from the AVZ 23^rd Annual Long Island Economic Survey and Opinion Poll.  A panel of Long Island business and government leaders will discuss the survey findings as the  HIA-LI, one of the recognized voices for business on Long Island,  hosts its Annual Long Island Economic Summit, Thursday, February 16, 2017 from 8:00 AM to 10:00 AM at the Hyatt Regency Long Island in Hauppauge, NY. Registration and additional information can be found at  https://www.hia-li.org/events/23rd-annual-li-economic-summit-surveying-the-future-of-li-business/#tkt-slctr-tbl-19056.

 "The success of the Long Island economy requires the confidence and ongoing commitment of businesses to remain in the region," says Terri Alessi-Miceli, President of HIA-LI. "The latest AVZ LI Economic Survey & Opinion Poll has proven once again that Long Island businesses remain optimistic about the growth and success of their businesses and feel confident keeping their companies on Long Island"

Among the survey highlights of the poll conducted in late 2016, respondents indicated:

• 6.1 National economic confidence rating remains steady from last year.
• The Long Island economic confidence rating increased from 6.1 to 6.3.
• 66% of respondents realized an increase in revenue in 2016.
• 86% increased prices for products or services in 2016.
• 38% of respondents increased headcount in 2016.
• 42% of businesses have job openings that are hard to fill.
  

For the third year in row, findings indicate the Healthcare industry is forecasted to grow in the number one spot and Technology remains in the second spot for the largest growth industry on Long Island. 

The summit will help measure and assess the Long Island business community based on the AVZ survey and panel discussions on issues including new legislations, the LI housing market, job growth, effects of the confidence ratings and availability of credit to businesses. 

The panel will be Moderated by Bob Quarte, Managing Partner AVZ & Company.  

Panelists Include:

• Jim Coughlan, Principal, Tritec Real Estate Co., Inc.
• Kerry W. Phelan, Senior Vice President, Professional Group Plans, Inc.
• Kevin O'Connor, CEO Bridgehampton National Bank
• Dr. Kimberly Cline, President Long Island University

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.

Event Sponsors: Albrecht Viggiano Zureck & Co; Berdon; Bank of America; Bridgehampton National Bank; Campolo, Middleton & McCormick, LLP; Investors Bank; Long Island Temps; People's Alliance Federal Credit Union; PSEG Long Island.

About HIA-LI
HIA-LI helps Long Island businesses prosper. For over 30 years, we have been one of the recognized voices 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:                                             
Lisa Hazen, Communication Strategy Group; 1-866-997-2424; [email protected] 

SOURCE HIA-LI

Related Links

http://www.HIA-LI.org

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