1 / 15

R egional Competitiveness and Growth S trategies April 2019

Hauppauge Industrial P ark. R egional Competitiveness and Growth S trategies April 2019. H A UP P A UGE INDU S TRIAL P ARK. R egional Competitiveness and Growth S trategies. Bac k ground R esearch Process Overview Findings Economic Opportunities R egional Vision for the HIP

carriea
Download Presentation

R egional Competitiveness and Growth S trategies April 2019

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. HauppaugeIndustrialPark RegionalCompetitivenessandGrowthStrategies April2019

  2. HAUPPAUGEINDUSTRIALPARK RegionalCompetitivenessandGrowthStrategies Background ResearchProcessOverview Findings EconomicOpportunitiesRegionalVisionfortheHIP DesignFrameworkandActionPlan RegionalPlanAssociation|JamesLimaPlanning+Development|April2019

  3. 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

  4. 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

  5. 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

  6. 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

  7. HAUPPAUGEINDUSTRIALPARK RegionalCompetitivenessandGrowthStrategies OnLongIsland,thelargestconcentrationoffirmsisinHauppauge. 0.2% ofLongIslandlandarea 5.0% ofLongIsland employment 1,350companies 8.2% ofLongIsland grossproduct RegionalPlanAssociation|JamesLimaPlanning+Development|April2019

  8. 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

  9. 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

  10. HAUPPAUGEINDUSTRIALPARK RegionalCompetitivenessandGrowthStrategies ThekeyobjectiveofHIPistoanchorthegrowthofcompetitivetradableindustriesonLongIsland. HauppaugeIndustrialPark TheParkcandosobyprovidingthenecessaryfacilities,amenities,talentpool,andknowledge infrastructure forfurtherfirmclusteringandagglomeration,aswellasbymarketingandbrandingtheParkastheIsland’spremierhubforgrowingbusinesses. 10 RegionalPlanAssociation|JamesLimaPlanning+Development|April2019

  11. HAUPPAUGEINDUSTRIALPARK RegionalCompetitivenessandGrowthStrategies ECONOMICOPPORTUNITIES RegionalPlanAssociation|JamesLimaPlanning+Development|April2019

  12. 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

  13. 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

  14. HAUPPAUGEINDUSTRIALPARK RegionalCompetitivenessandGrowthStrategies HIPprovidesauniqueopportunitytoimplementthe fivehigh-levelstrategiesontheground. Workforcedevelopment BusinessGrowth Collaboration Talent attraction Innovation Formulate Implement LongIsland Anchor regionalgrowth HIP Channelresources RegionalPlanAssociation|JamesLimaPlanning+Development|April2019

  15. 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

More Related