Proximity to New York City and top talent are on our long list of advantages
Long Island has internationally recognized companies and acclaimed research and educational institutions, as well as renowned wineries and beautiful beaches. Primed for growth, the region also offers businesses a highly skilled workforce and close proximity to New York City. Combined with quality of life assets like premier centers of art and culture and captivating natural landscapes across Nassau and Suffolk counties, Long Island is truly a place to call home.
Key Industries on Long Island
Cleantech and Renewable Energy
Innovation is in New York's DNA, leading the way in scientific advancement and discovery. Long Island is driving a big part of our cutting-edge research, including at the Brookhaven National Laboratory.Kathy Hochul, NYS Governor
The region is home to diverse industries such as aerospace, defense, pharmaceutical, financial services, biotech/biomedical, agriculture, software and information technology, printing, food processing, government, manufacturing, and travel and hospitality. Long Island has the most life sciences jobs of any state region and its biotech strength is reflected in the large pharmaceutical firms and entrepreneurial startups based here, with growing companies that include Contract Pharmacal, NBTY Inc. and Sciegen Pharmaceuticals, among others.
Long Island’s world-class higher education institutions — 20 colleges and well-known research facilities — continue to make incredible discoveries. Life-changing research is done here, from developing the technology that unveiled the DNA double-helix to building the Apollo moon landing module. Public-private investment supports projects including Cold Spring Harbor Laboratory’s new Center for Therapeutics Research, to explore advanced therapies for genetic diseases, with a focus on cancer research.
Long Island has a 300-year old history of farming, fishing and raising poultry that is still supported today—580+ farms in Nassau and Suffolk Counties generate wholesale produce of $225+ million. The region is home to 45 licensed craft breweries and more than 80 vineyards, supporting tourism and hundreds of jobs on Long Island.
Long Island is at the center of the emerging renewable energy economy, with public-private investments preparing the region to take advantage of new and exciting opportunities. Offshore wind turbines being developed off Long Island's coast will power 2.4+ million New York homes and bring a combined statewide economic impact of $12.1 billion. A $20 million investment in the Offshore Wind Training Institute in partnership with SUNY Farmingdale and SUNY Stony Brook will help establish a skilled industry workforce.
Labor Force Status 2024
Age Distribution 2024
Education Attainment 2024
Data source: ZoomProspector (Applied Geographic Solutions)
Doing Business on Long Island
Innovation Development Support
Explore opportunities in the Long Island region
Visit the Long Island Regional Economic Development Council site to see strategic plans, current projects and the latest economic data, plus access funding applications and more.
Long Island Investment Fund
The Long Island Investment Fund program will focus on large-scale, transformative projects that will have lasting impacts on Long Island.
The Long Island regional office works hand-in-hand with new and existing businesses to help identify economic development programs to support business growth and expansion—for building new facilities, relocating a business, expanding operations and workforce and entering new and global markets.