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TRANSFORMATION

Explore the challenges and opportunities facing Long Island's economy, from declining industries to talent migration, and discover a strategic plan for revitalization. This plan focuses on innovation, education, and regional partnerships to create high-salary jobs and foster economic growth. Learn how to mobilize investments, energize clusters, and improve the region's innovation quotient to secure a prosperous future for Long Island.

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TRANSFORMATION

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  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

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