Are Long Island Manufactures On Track For Growth And Success?
Since 1993, AVZ Certified Public Accountants has been tracking the pulse of economic trends and business challenges of Long Island. Its annual Long Island Economic Survey & Opinion Poll provides a barometer of how Long Island businesses are faring and the outlook for the coming year.
Its 2020 Economic survey brings to light significant points that need to be considered in order for our econ to in regards to the manufacturing industry in our local region.
And though, according to the survey results, 46% of companies have increased headcount, 43% are having no problem finding skilled workers and 20% of companies raised salaries by five to nine percent, Long Island economic confidence is lower than the national rating, dropping to 6.8 from 7.2 last year.
So while 97% of firms are not planning to relocate from Long Island in 2020, it’s important that Long Island companies remain committed and continue seeing the importance of doing business on Long Island.
One particular industry significant to our local economy is the manufacturing. After experiencing many changes over the last decade, manufacturing remains a critical sector for the Long Island economy. To help ensure economic growth, the industry needs to establish synergy amongst themselves and other industries that can help contribute to growth.
Given the unique ecosystem of Long Island, companies have direct access to the extensive network of entrepreneurial assistance centers, incubators, accelerators, investors and industry partners who will guide them on business practices, regulations and culture in New York. Made on Long Island Conference is leveraging these advantages by creating a new opportunity to bring together industry, education and community leaders. The conference will serve as a spring board to help manufactures develop and implement strategic planning to strengthen the local economy.
Made on Long Island Conference will gather leading manufacturers from Long Island, allowing them to connect with local industry experts that can provide valuable resources and knowledge. Manufacturers will have an opportunity to develop innovative strategies to stay ahead of the market, share ideas and trends with peers, and network with other executives from key Long Island companies.
As a Long Island manufacturer, your business is essential to our economy. Working together will boost growth and make us stronger. On March 10th, join leading manufacturers from Long Island as they connect with local industry experts that provide valuable resources and knowledge for success.
To learn more about Made on Long Island and to register for the event, visit madeonliconferemce.com