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Explore growth strategies for Long Island's $194 billion economy at Hauppauge Industrial Park, focusing on wage and job growth, industry concentration, key sectors, economic opportunities, and workforce education.
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HauppaugeIndustrialPark RegionalCompetitivenessandGrowthStrategies April2019
HAUPPAUGEINDUSTRIALPARK RegionalCompetitivenessandGrowthStrategies Background ResearchProcessOverview Findings EconomicOpportunitiesRegionalVisionfortheHIP DesignFrameworkandActionPlan RegionalPlanAssociation|JamesLimaPlanning+Development|April2019
HAUPPAUGEINDUSTRIALPARK RegionalCompetitivenessandGrowthStrategies LongIsland’s$194billioneconomy(NassauandSuffolk)keepsexpanding,butthegrowthlacksmomentum. WageGrowth 15% (2013-2017) 14% 13% NYState 12% U.S. 11% 10% LongIsland 9% 8% JobGrowth (2013-2017) 5% 6% 7% 8% 9% 10% 4% RegionalPlanAssociation|JamesLimaPlanning+Development|April2019
HAUPPAUGEINDUSTRIALPARK RegionalCompetitivenessandGrowthStrategies Thetradableeconomyistoosmallandhasbeenshrinking. LongIsland: Tradable(23%ofjobs) Mainlyexported tootherplaces. Concentratedinasubsetof geographicareas. Business Services 5.2% of all LI jobs LocalHealthServices 15.2% of all LI jobs LocalHospitality 11.6% of all LI jobs Distribution& E-Commerce 5.1% of all LI jobs Local(77%ofjobs) Goodsandservices consumedbylocal residents.Presentinmostplaces. LocalRealEstate &Construction 8.0% of all LI jobs LocalCommercialServices 8.3% of all LI jobs Education Financial &Research Services 2.3% 1.6% Local Personal Services (Non-Medical) Local Community & Civic Organizations Hospitality Insurance Bioph- &Tourism Services arma LocalVehicles Local Food Processing Trans- Aero Print portation-space -ing Local Financial Services Market- ing Furni- i. j. k. ture a. c. n. o. p. q.t.u.v. Local Logistical Services LocalHousehold Goods& Services e. l. g. IT & Instruments Local Retail b. d. f. h. m. r. s. w. ComparedwithU.S.: 36% 64% RegionalPlanAssociation|JamesLimaPlanning+Development|April2019
HAUPPAUGEINDUSTRIALPARK RegionalCompetitivenessandGrowthStrategies World-RenownedResearchInstitutions StonyBrook, Brookhaven, Cold SpringHarbor, Hofstra,and NorthwellHealtharepioneersinscientificdiscovery. Andyet,LongIslandcanleveragenumerousassetsfor future economic growth. AccesstoLargeConsumerMarket 18.9million peopleliveintheMetroArea.2.9millionpeopleliveonLongIsland PolicyShift TOD becameanincreasinglyattractivemodeofdevelopment QualityofLife Cultural,recreational,andnaturalamenities,aswellasgoodschools, makeLongIslandanattractiveplacetolive. LIRR ExtensiveTransportation Infrastructure LIRR& Multiple Highways connectsLongIslandtothe largerregion Population <=120k >=950k Highly EducatedWorkforce 38.75% ofLongIslandpopulationover25yearsoldcompletedaBachelor’sdegreeormore(NY:34.74%;U.S.: 30.32%) RegionalPlanAssociation|JamesLimaPlanning+Development|April2019
HAUPPAUGEINDUSTRIALPARK RegionalCompetitivenessandGrowthStrategies Whattheregioncanbenefit themostfromisaclearand compellingindustrystrategy. PoliticalDynamic Spatial Dynamic SocialDynamic How How Industries Industries and Firms andFirms OvercomeBarriers, LeverageAssets,and AchieveGrowtOh.vercomeBarriers, LeverageAssets, and EconomicDynamic AchieveGrowth. RegionalPlanAssociation|JamesLimaPlanning+Development|April2019
HAUPPAUGEINDUSTRIALPARK RegionalCompetitivenessandGrowthStrategies OnLongIsland,thelargestconcentrationoffirmsisinHauppauge. 0.2% ofLongIslandlandarea 5.0% ofLongIsland employment 1,350companies 8.2% ofLongIsland grossproduct RegionalPlanAssociation|JamesLimaPlanning+Development|April2019
HAUPPAUGEINDUSTRIALPARK RegionalCompetitivenessandGrowthStrategies $65millionpropertytaxes 5.0% of LongIsland privateemployment 1,350 cboumsipneasnsieess gross ofLong 55,000 employees $13.4 billion totalsales volume 8.2% $2.1 billion localspending HauppaugeIndustrialPark 1,600 acres $4.4 billion business expenses (payrollexcl.) $2.9 billion combined payroll ofLong 0.2% $806 million incometaxes landarea RegionalPlanAssociation|JamesLimaPlanning+Development|April2019
HAUPPAUGEINDUSTRIALPARK RegionalCompetitivenessandGrowthStrategies TheHauppaugeIndustrialParkis not only large inscale,butalso significantintradableindustryconcentration. LongIsland: HauppaugeIndustrialPark: Business Services 5.2% ofallLI jobs Distribution & E-Commerce Local Commercial Services Biopharma Local Real Estate & Construction Local Health Services 15.2% ofallLI jobs Local Hospitality 11.6% ofallLI jobs Distribution & E-Commerce 5.1% ofallLI jobs IT &Analytical Instruments Local Community & Civic Organizations Business Services Local Real Estate & Construction 8.0% of all LI jobs Local Entertainment Local Commercial Services 8.3% of all LI jobs Education Financial & Research Services Recreational Goods Production & Machinery 2.3% 1.6% Marketing Local Food Processing Local Hospitality Local Personal Services (Non-Medical) Local Community & Civic Organizations Local Health Services Down- stream Metal Education & Research Hospitality Insurance Bioph- &Tourism Services arma Local Vehicles Food Processing Medical Devices Local Food Processing Aerospace Local Perso- nal Services (Non-Med.) Local House- hold Goods Com- muni- Const- cationsPlasticsruction Trans- Aero Printportation-space -ing Paper & Packaging Local Retail Local Financial Services Lighting & Equip. Market- ing Furni- i. j. k. ture Local Financial Services a. c. g. f. j. b. n. o. p. Local Logistical Services Local Household Goods& Services Local Industrial Products e. l. g. Financial Services q.t.u.v. l. Printing IT & Instruments Local Retail a. k. e. Tradable: h. i. c. d. b. d. f. h. m. r. s. w. m. Local: Tradable: Local: (77%) (23%) (42%) (58%) RegionalPlanAssociation|JamesLimaPlanning+Development|April2019
HAUPPAUGEINDUSTRIALPARK RegionalCompetitivenessandGrowthStrategies ThekeyobjectiveofHIPistoanchorthegrowthofcompetitivetradableindustriesonLongIsland. HauppaugeIndustrialPark TheParkcandosobyprovidingthenecessaryfacilities,amenities,talentpool,andknowledge infrastructure forfurtherfirmclusteringandagglomeration,aswellasbymarketingandbrandingtheParkastheIsland’spremierhubforgrowingbusinesses. 10 RegionalPlanAssociation|JamesLimaPlanning+Development|April2019
HAUPPAUGEINDUSTRIALPARK RegionalCompetitivenessandGrowthStrategies ECONOMICOPPORTUNITIES RegionalPlanAssociation|JamesLimaPlanning+Development|April2019
HAUPPAUGEINDUSTRIALPARK RegionalCompetitivenessandGrowthStrategies LongIsland needs togrowcompetitivetradableindustryclusters; HIPcanbetheanchor. WeanalyzedtheIsland-wideeconomy,andselectedninekeyclusterstofocuseffortson. Criteria: ⊲ Largeemployment ⊲ Highspecialization ⊲ Substantialgrowth ⊲ Outgrowingotherregions ⊲ RepresentedintheHIP ⊲ Validatedbyexpertsinthefield FinancialServices Aerospace Construction FoodProcessing Distribution &E-Commerce Biopharma BusinessServices IT&Analytical Instruments Education &Research RegionalPlanAssociation|JamesLimaPlanning+Development|April2019
HAUPPAUGEINDUSTRIALPARK RegionalCompetitivenessandGrowthStrategies Werecommendfivehigh-level economic developmentstrategies thatwould boost LongIsland’skeytradableclusters. STRATEGYA: Facilitatebusiness growth STRATEGYC: Strengthen training andworkforce development STRATEGYE: Buildconnectionsamongbusinesses,governments,andinstitutions STRATEGYB: Attractandretain knowledge workers STRATEGYD: Promoteinnovationandtechnology transfer Howthestrategiesrelatetokeyclusters: BUSINESSSERVICES FINANCIALSERVICES IT&INSTRUMENTS AEROSPACE BIOPHARMA CONSTRUCTION DISTRIBUTION EDUCATION FOODPROCESSING 13 RegionalPlanAssociation|JamesLimaPlanning+Development|April2019
HAUPPAUGEINDUSTRIALPARK RegionalCompetitivenessandGrowthStrategies HIPprovidesauniqueopportunitytoimplementthe fivehigh-levelstrategiesontheground. Workforcedevelopment BusinessGrowth Collaboration Talent attraction Innovation Formulate Implement LongIsland Anchor regionalgrowth HIP Channelresources RegionalPlanAssociation|JamesLimaPlanning+Development|April2019
HAUPPAUGEINDUSTRIALPARK RegionalCompetitivenessandGrowthStrategies RecommendedActions: ShortTerm MediumTerm LongTerm Actors: $ Expandthelistofusegroupsinzoning $ Allownewmixed-usebuildingsatselectlocations $ Adjustheightcriteria $ Modifydimensionalanddensityregulations $ Allownewstructurestobeclippedontobig- boxfactorybuildings Regulation andZoning GOV $$ Transitrerouting;newstops $$ Sharedroadwithbikelane $$ Newtrails;parkcourse $$ Newpark $$ Parkinglotretrofit $$ Greeninfrastructure(stormwater) $$ Gateway $$ Signage $ Delineatedwalking/biking/runningroutes $ Exercisestation PublicRealm $$$Newsignaturepublicspace $$$Sewageexpansion HIA-LI BusinessFacilityandAmenity $$$$ Verticaldevelopment(northsideof MotorParkway) $$$$ RegionalInnovationCenterfor AdvancedManufacturing $$$ Incubator $$$ Factoryretrofit $$ Coworkingspace PrivateSector $ Jobfairs $ Companyopenhouses;fielddays $$ Workforcetrainingprograms $$ Regularsocialeventprogramming $ Manufacturernetworking $$ One-stopbusinessresourcecenter $ IndustryXUniversityresearch partnerships $$ Greenenergy;communitysolar $ Inclusiveinnovationevents ManagementandOperation $$$$ RegionalWorkforceTrainingCenter $$$ Shuttlebusesandride-share $ Marketingandbranding $ Companyandbuildingownersurvey $ BIDstructureforfinancingandgovernance RegionalPlanAssociation|JamesLimaPlanning+Development|April2019