1 / 23

Long Island Economic Transformation Plan: Igniting Innovation for a Thriving Future

Long Island is at a tipping point, facing decline in high-wage industries and R&D while housing costs rise. The region must innovate, leverage labor, education, and markets to create more high-salary tech-driven jobs. This plan mobilizes investments, energizes clusters, and improves the innovation quotient to foster growth and new companies. With experienced facilitators and scalable models, it addresses the critical need for transformation.

calista-osborne
Télécharger la présentation

Long Island Economic Transformation Plan: Igniting Innovation for a Thriving Future

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. TRANSFORMATION

  2. WHY ? • L.I. AND THE PERFECT STORM • GLOBAL • NATIONAL • REGIONAL • AGING OF THE OLDEST SUBURB • L.I. AT THE TIPPING POINT • INNOVATION DOWN • HIGH WAGE INDUSTRIES IN DECLINE • R&D DOWN • HOUSING, TAXES UP FASTER THAN WAGES • TALENT PIPELINE

  3. THE 2007 L.I. INDEX * • (5 Year Trends) • * JOB GROWTH IN THE HIGHER PAID SECTORS DOWN 15%-20% • * AVERAGE PAY FLAT OR DECLINING • * OUTWARD MIGRATION IN EXCESS OF 20,000/YR • * RATIO OF SALARY TO HOUSE VALUE = APPROXIMATELY 5.9 • (NAT AV 3.6) • * VENTURE FUNDS DOWN 90% • * R&D DOWN 42% • “a healthy economy needs innovation, . . . The fires • of innovation on Long Island have grown cold.” • LOSS OF 50,000 MANUFACTURING JOBS 1986 – 2000 ALONE • 33.5% OF WORKFORCE OVER 50 • TALENT PIPELINE AN ISSUE

  4. TRANSFORMATION OF • REGIONAL PARTNERSHIPS • HOW THE REGION THINKS ABOUT ECONOMIC DEVELOPMENT • RESEARCH AND DEVELOPMENT • EDUCATION • LABOR MARKETS • INNOVATION QUOTIENT

  5. THE PLAN • TRANSFORMS HOW THE REGION HARNESSES AND LEVERAGES LABOR, EDUCATION, TECHNOLOGY, INVESTMENTS AND MARKETS • MOBILIZES THE REGION • CONNECTS L.I. TO CREATE ITS FUTURE • ENERGIZES HIGH GROWTH CLUSTERS • ENGAGES CSAU’S • IMPROVES REGION’S INNOVATION QUOTIENT • CREATES MORE JOBS AND NEW COMPANIES • HIGH SALARY • ENTRY JOBS IN TECH DRIVEN CLUSTERS

  6. INNOVATION CENTERS ART / COMPUTER GRAPHICS / MFG MANUFACTURING - REGIONAL SUPPLIERS TECH ENTRY JOBS - HEALTHCARE / HOSPITALS / HOMECARE

  7. REFERENCE SLIDES

  8. THE WIRED TEAM • VISION AND PROCESS • OPERATIONAL EXCELLENCE • EXPERIENCE WITH FACILITATING REGIONAL INITIATIVES • SCALEABLE AND EFFICIENT MODEL • NO CONFLICTS OF INTEREST WITH MISSION, GOALS, CONTRACT MANDATES • THE HONEST BROKERS • MOBILIZES BILLIONS IN REGIONAL INVESTMENTS - CRITICAL MASS FOR SUCCESS

More Related