Long Island businesses optimistic about growth, poll says

Businesses in the Long Island region of New York are optimistic about the prospects for economic growth in their region, according to the Albrecht, Viggiano, Zureck & Company, P.C. (AVZ) 23rd Annual Long Island Economic Survey and Opinion Poll.  

The Long Island economic confidence rating increased to 6.3 percent in 2016 compared to 6.1 in 2015.

“The success of the Long Island economy requires the confidence and ongoing commitment of businesses to remain in the region,” Terri Alessi-Miceli, president of Hauppauge Industrial Association of Long Island, said. “The latest AVZ LI Economic Survey & Opinion Poll has proven once again that Long Island businesses remain optimistic about the growth and success of their businesses and feel confident keeping their companies on Long Island.”

Among the survey findings for 2016, 66 percent of respondents saw revenue increase, 86 percent saw prices increase, 38 percent had staff increases, while 42 percent have job openings that were considered hard to fill.

For the third year in row, the healthcare industry is forecasted to see the region’s biggest growth. The technology industry is expected to see the second highest growth.

The Long Island Economic Survey and Opinion Poll is conducted by AVZ in partnership with Long Island Business News.