HIA-LI Hosts Long Island Economic Summit;
Confidence, Revenue Get Thumbs Up in
19th Annual Economic Survey and Opinion Poll
Thursday, January 31, 2013 from 8:00 AM – 10 AM;
Carlyle at Stonebridge, Smithtown, NY
Hauppauge, NY – January 17, 2013 – In the wake of a devastating storm, Long Island businesses reported lower economic confidence, declining revenues and reduced headcount. But business owners and executives see a silver lining, with half expecting an increase in revenues in 2013. The data is from the 19th Annual Economic Survey and Opinion Poll conducted by Albrecht, Viggiano, Zureck & Company, P.C. (AVZ) in partnership with Long Island Business News. A distinguished panel of Long Island business and government leaders will discuss the survey findings as HIA-LI, the recognized voice for business on Long Island, hosts the Long Island Economic Summit, Thursday, January 31, 2013 from 8:00 AM – 10 AM, at Carlyle at Stonebridge, 2000 Raynors Way, Smithtown, NY. Registration and event information is available at http://hia-li.org/calendarDetails.cfm?eventID=1760.
The HIA-LI Long Island Economic Summit panel will be moderated by Thomas J. Murray, Managing Partner, Albrecht, Viggiano, Zureck & Co. (AVZ), P.C. Featured panelists include:
Kevin O’Connor, CEO, Bridgehampton National Bank; Marc Herbst, Executive Director LICA; and Tom Attivissimo, Senior Director of Greiner-Maltz. Opening remarks will be provided by
Ken Adams, President & CEO, Empire State Development Corp. (ESDC) and Commissioner of the NYS Department of Economic Development. Topics of discussion will include regional
and national economic outlook, job growth, business expansion and relocation, availability of credit, and discussions about the Long Island housing market.
“Lower confidence among business owners and executives is buoyed by anticipation of higher revenue this year according to the poll results. As usual, Long Island business
leaders are smart enough to hedge their bets,” said Terri Alessi-Miceli, president, HIA-LI. “The HIA-LI Long Island Economic Summit is a must-attend event for business owners and
executives looking for information and direction as we grow the business community on Long Island.”
Among the survey highlights of the poll conducted in late 2012, respondents indicated:
- Long Island’s economic confidence rating decreased from 5.1 to 4.0; confidence for the U.S. economy increased slightly from 4.5 to 4.7, on a scale of 1-10.
- 34% realized a decline in revenue; up significantly from 21% in 2011.
- 50% project an increase in revenue; 46% project lower revenue in 2013.
- 36% reduced headcount; 29% project an increase in headcount in 2013.
- 88% do not have any facility expansion plans for 2013.
- 37% of respondents believe real estate prices will increase in 2013.
HIA-LI Executive Breakfast sponsors include: Albrecht, Viggiano, Zureck & Company, P.C. (AVZ), Bridgehampton National Bank, FactxBack Websites & Videos, H2M Architects & Engineers, People’s Alliance Federal Credit Union, The Alternative Board (TAB), and Stony Brook University.
About the Long Island Economic Survey and Opinion Poll
In its 19th year, 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.
HIA-LI helps Long Island businesses prosper. For over 30 years, we have been the recognized voice 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.
Terri Alessi-Miceli, 631-543-5355, email@example.com
Angela Kambarian, Communication Strategy Group; 1-866-997-2424;