Nassau Hub Report
The Long Island Index released a study of the proposed Nassau Hub Biotech Park that finds that the proposed Park does not go far enough to maximize the potential of this rare economic development opportunity for Nassau County and Long Island. The study – titled “Nassau Hub Innovation District: Transforming the Nassau Hub into a Competitive Innovation District
Long Island is in Trouble
If we choose to do nothing now, Long Island will be a significantly older and more expensive place to live in a short two decades.
Long Island’s Future: Executive Summary
A summary of the original study, examining the impacts of Long Island-wide initiatives that could address some of the region’s most intractable issues.
Long Island’s Future: Economic Implications of Today’s Choices
This study examines the impacts of Long Island-wide initiatives that could address some of the region’s most intractable issues.
Percent of Individuals Below Federal Poverty Line, 2007-2013
Percent of Long Island Individuals below the Federal poverty line, 2007-2013
Average Pay Per Employee, 2005-2014
Average pay per employee on Long Island and in the US, 2005 – 1Q 2014
Venture Capital Financing
Long Island firms receive relatively little venture capital. Investment has declined since 2011.
Percent of Individuals Below 200% of the Federal Poverty Line, 2007-2013
Percent of Long Island Individuals below 200% of the Federal poverty line, 2007-2013
Federal Small Business Innovation Research Technology Transfer Awards to Long Island
Small technology companies on Long Island remain competitive in attracting federal funding under the SBIR/STTR programs, which directly supports the private sector in the development and commercialization of innovative and early-stage technologies with significant potential for financial, economic and societal impact.
Major Industrial Clusters, Change in Employment Concentation, 2009-2014
Major industrial clusters in Long Island’s economy, 2009 – 1 Quarter 2014, change in employment concentration
Household Income Distribution, 2005-2013
Household income distribution of Long Island residents, 2005-2013
Household Income Distribution
Median household income continue to decline at the middle and bottom while rising at the top.
Growth in Wages over the Past 10 Years
Long Island wages continue a slight downward trend, while converging with U.S. wages which have risen slightly since the recession. U.S. average pay is on a par with Long Island in first the quarter of 2014.
Percent of Families Below the Federal Poverty Line, 2007-2013
Percent of Long Island families below the Federal poverty line, 2007-2013
Growth in Long Island’s GMP Compared to the US
Growth in Long Island’s GMP compared to the US, 2005-2013
Average Annual Employment
Long Island average annual employment, 2005 – 1Q 2014
Gross Metropolitan Product
Long Island’s economy continues to show signs of growth since the recession. However, growth has lagged behind the U.S. GDP as a whole.
Gross Metropolitan Product, 2004-2013
Long Island’s Gross Metropolitan Product, 2004-2013
Venture Capital Investment as a Percent of NYS
Venture Capital investment on Long Island as a percent of NYS
Major Industrial Clusters Change in Employment and Wages, 2009-2014
Major industrial clusters in Long Island’s economy, 2009 – 1 Quarter 2014, change in employment and wages