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One has to look at the big picture..... Other places in the country give huge corporate incentives(state and local tax breaks and other business incentives) to attract big business. L.I. can not afford to do this. A place also has to be "open for business" attitude, which L.I. also lacks. You need to be covenant, less restrictive, a better tax structure and an updated infrastructure, which again L.I. lacks.
Another problem is big corporations can pay there majority of the lower labor employees 10-15hr in other places of the country, that isn't going to fly on L.I. with it's high COL.
To attract big business you need to look at: cost of doing business (L.I. extremely high), Quality of life( Not so good) Infrastructure and Transportation (LIE and 18th century buildings) Technology and Innovation ( with L.I. leaders there is zero) Business Friendliness (NIMBY L.I.) Cost of living ( forgetaboutit )
These are some of the reasons why half of the L.I. trade public companies have the left the Island over the last 10 years. It's about and always will be about the bottom line. When it comes to business, L.I. has too many strikes against it and only seems to be getting worse.
If Long Island had leadership, they would have to somehow get ahead of the curve (with tech start ups as an example) instead of showing up late to the game with nothing for the pot.
If Long Island had leadership.
It's interesting because Singapore and Taiwan - both islands - were able to turn themselves into economic engines despite starting off with much less. Singapore is a smaller island w/ fewer people but it can accommodate bulk carriers and A380s. Maybe that was the secret to their success - having much less to start with.
Barges and deep water ports? So that trucks can be stuck on Nichols Road and the LIE trying to move goods through only a handful of ways off the island? Hardly going to happen.
LI should have invested in commercial ventures and non-transportable goods/services (IT, software, etc) so that the poor methods of getting goods and services off the island wouldn't be a factor. Instead they were happy to get the table scraps from the NYC-suburb idealists table. And this is where we are now. Little major manufacturing, poor resource use, overburdened taxpayers, and one of the highest COL in the country.
Could be, after all Long Island was very successful and provided a great QOL for it's residents for quite a long time. For awhile we really did have it all. But those days a long behind us now.
“One of my goals as governor is to protect Long Island Sound,” Mr. Paterson said at Sunken Meadow State Park, on Long Island. “Shame on us if we can’t develop a responsible energy policy without sacrificing one of our greatest natural and economic resources.”
Barges and deep water ports? So that trucks can be stuck on Nichols Road and the LIE trying to move goods through only a handful of ways off the island? Hardly going to happen.
LI should have invested in commercial ventures and non-transportable goods/services (IT, software, etc) so that the poor methods of getting goods and services off the island wouldn't be a factor. Instead they were happy to get the table scraps from the NYC-suburb idealists table. And this is where we are now. Little major manufacturing, poor resource use, overburdened taxpayers, and one of the highest COL in the country.
Actually not much would move on or off the Island except by water.
Also IT, software and tech in general is very transportable.
Could be, after all Long Island was very successful and provided a great QOL for it's residents for quite a long time. For awhile we really did have it all. But those days a long behind us now.
I remember that. All the soccer moms thinking that it would mean the end of the world zombie apocalypse if we had a NG barge in water a few miles from shore.
Barges and deep water ports? So that trucks can be stuck on Nichols Road and the LIE trying to move goods through only a handful of ways off the island? Hardly going to happen.
LI should have invested in commercial ventures and non-transportable goods/services (IT, software, etc) so that the poor methods of getting goods and services off the island wouldn't be a factor.
IT, software, tech startups etc. - Those are becoming increasingly crowded spaces with many cities and countries around the world getting into the game (not to mention that LI would still need to drastically lower its energy costs to attract electricity-intensive IT companies/operations). The fact that NYC has to subsidize to futilely keep IT and shared services jobs in the city is evidence that opportunities in these areas are getting scarcer. Even with tax incentives, you'll just end up getting a smaller piece of the pie.
Probably more sustainable to tap LI's strategic location along the eastern seaboard as a platform for logistics and re-export. But you will need the infra to support that.
Last edited by Forest_Hills_Daddy; 03-06-2013 at 09:01 PM..
The San Diego division of Northrop Grumman is responsible for producing the failed Global Hawk Models 30 & 40 which the Air Force is trying to kill off. Only congress is forcing these flawed aircraft on the service. The Navy's Triton version derived from Global Hawk is what Bethpage has been working and attempts to fix Global Hawk's failures while adapting it for maritime use. What kind of job will San Diego do on Triton if it cannot produce a quality product of it own?.
IT, software, tech startups etc. - Those are becoming increasingly crowded spaces with many cities and countries around the world getting into the game (not to mention that LI would still need to drastically lower its energy costs to attract electricity-intensive IT companies/operations). The fact that NYC has to subsidize to futilely keep IT and shared services jobs in the city is evidence that opportunities in these areas are getting scarcer. Even with tax incentives, you'll just end up getting a smaller piece of the pie.
Probably more sustainable to tap LI's strategic location along the eastern seaboard as a platform for logistics and re-export. But you will need the infra to support that.
Exactly. Between the high salary, high utility, high RE costs, etc and the 4 BILLION estimated to update LI it is not going to happen.
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