Economy Of Long Island
   HOME

TheInfoList



OR:

Long Island Long Island is a densely populated island in the southeastern region of the U.S. state of New York (state), New York, part of the New York metropolitan area. With over 8 million people, Long Island is the most populous island in the United Sta ...
is one of the world’s most urbanized and highly developed islands. As of 2021, Long Island had a population of 8.1 million people and a
gross domestic product Gross domestic product (GDP) is a money, monetary Measurement in economics, measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjec ...
of $361 billion. Between 2014 and 2019, Long Island experienced a 4.3% growth in jobs. Median income on the island is $112,000 and the median home price is $450,000. Among those over the age of 25, 42.6% hold a college degree or higher educationally.


Affluence

The counties of
Nassau Nassau may refer to: Places Bahamas *Nassau, Bahamas, capital city of the Bahamas, on the island of New Providence Canada *Nassau District, renamed Home District, regional division in Upper Canada from 1788 to 1792 *Nassau Street (Winnipeg), ...
and
Suffolk Suffolk () is a ceremonial county of England in East Anglia. It borders Norfolk to the north, Cambridgeshire to the west and Essex to the south; the North Sea lies to the east. The county town is Ipswich; other important towns include Lowes ...
have long been renowned for their affluence and high standard of living. This affluence is especially pervasive among the hamlets and villages on the
North Shore of Long Island The North Shore of Long Island is the area along the northern coast of New York's Long Island bordering Long Island Sound. Known for its extreme wealth and lavish estates, the North Shore exploded into affluence at the turn of the 20th centur ...
as far as western Suffolk, the extreme eastern South Shore (home to
the Hamptons The Hamptons, part of the East End of Long Island, consist of the towns of Southampton and East Hampton, which together comprise the South Fork of Long Island, in Suffolk County, New York. The Hamptons are a popular seaside resort and one of ...
) and several wealthy pockets along the South Shore further west. However, nearly all of Long Island (especially Nassau County and western Suffolk County) is quite expensive to live on by national standards. Long Island is home to some of the most expensive
mansion A mansion is a large dwelling house. The word itself derives through Old French from the Latin word ''mansio'' "dwelling", an abstract noun derived from the verb ''manere'' "to dwell". The English word '' manse'' originally defined a property l ...
s in the country. In 2005, the most expensive residence in the country was Three Ponds in Bridgehampton. Several of the nation's largest private residences are also on Long Island, including financier Ira Rennert's, Fair Field, in the Hampton's hamlet of Sagaponack and the country's second largest home,
Oheka Castle Oheka Castle, also known as the Otto Kahn Estate, is a hotel located on the North Shore of Long Island, in West Hills, New York, also known as the "Gold Coast," a hamlet in the town of Huntington. It was the country home of investment finan ...
. Long Island is home to the luxury communities of
the Hamptons The Hamptons, part of the East End of Long Island, consist of the towns of Southampton and East Hampton, which together comprise the South Fork of Long Island, in Suffolk County, New York. The Hamptons are a popular seaside resort and one of ...
, Cold Spring Harbor, Dix Hills, Centerport, Huntington Bay, and
Lloyd Harbor Lloyd Harbor is a village in the Town of Huntington in Suffolk County, on the North Shore of Long Island, in New York, United States. As of the 2010 census, the village's population was 3,660. History In 1654, the Matinecock Native America ...
in Suffolk County, and Hewlett Bay Park,
Cove Neck Cove Neck is a village located within the Town of Oyster Bay in Nassau County, on the North Shore of Long Island, in New York. The population was 286 at the 2010 census. History Cove Neck incorporated as a village in 1927. Cove Neck is the s ...
,
Oyster Bay Cove Oyster Bay Cove is a village located within the Town of Oyster Bay in Nassau County, on Long island, in New York. The population was 2,197 at the 2010 census. History The village incorporated in 1931, and on January 14, 1932, residents unani ...
,
Laurel Hollow Laurel Hollow is a village in the Town of Oyster Bay in Nassau County, on the North Shore of Long Island, in New York, United States. The population was 1,952 at the 2010 census. According to Bloomberg BusinessWeek, Laurel Hollow was the eight ...
, Sands Point, Roslyn, Brookville, Old Brookville, Upper Brookville, Lattingtown, Matinecock, Muttontown, Hewlett Harbor, and
Manhasset Manhasset is a hamlet ''The Tragedy of Hamlet, Prince of Denmark'', often shortened to ''Hamlet'' (), is a tragedy written by William Shakespeare sometime between 1599 and 1601. It is Shakespeare's longest play, with 29,551 words. Set in D ...
in Nassau County.


Aviation industry

Long Island industry has long benefited from its proximity to New York City. During the 1930s, the island developed an aviation industry, and until about 1990 was considered one of the aviation centers of the United States, with companies such as
Grumman Aircraft The Grumman Aircraft Engineering Corporation, later Grumman Aerospace Corporation, was a 20th century American producer of military and civilian aircraft. Founded on December 6, 1929, by Leroy Grumman and his business partners, it merged in 1994 ...
having their headquarters and factories in the Bethpage area.
Grumman The Grumman Aircraft Engineering Corporation, later Grumman Aerospace Corporation, was a 20th century American producer of military and civilian aircraft. Founded on December 6, 1929, by Leroy Grumman and his business partners, it merged in 1994 ...
was long a major supplier of warplanes for the
U.S. Navy The United States Navy (USN) is the maritime service branch of the United States Armed Forces and one of the eight uniformed services of the United States. It is the largest and most powerful navy in the world, with the estimated tonnage o ...
and the
Marine Corps Marines, or naval infantry, are typically a military force trained to operate in littoral zones in support of naval operations. Historically, tasks undertaken by marines have included helping maintain discipline and order aboard the ship (refle ...
, as seen in many movies. Prominent WW-II Grumman aircraft included the
F4F Wildcat The Grumman F4F Wildcat is an American carrier-based fighter aircraft that entered service in 1940 with the United States Navy, and the British Royal Navy where it was initially known as the Martlet. First used by the British in the North Atlan ...
and
F6F Hellcat The Grumman F6F Hellcat is an American Carrier-based aircraft, carrier-based fighter aircraft of World War II. Designed to replace the earlier Grumman F4F Wildcat, F4F Wildcat and to counter the Japanese Mitsubishi A6M Zero, it was the United St ...
fighters, and the
TBF Avenger The Grumman TBF Avenger (designated TBM for aircraft manufactured by General Motors) is an American World War II-era torpedo bomber developed initially for the United States Navy and Marine Corps, and eventually used by several air and nav ...
torpedo bomber A torpedo bomber is a military aircraft designed primarily to attack ships with aerial torpedoes. Torpedo bombers came into existence just before the First World War almost as soon as aircraft were built that were capable of carrying the weight ...
. Following WW II, the
Grumman A-6 Intruder The Grumman A-6 Intruder is an American twinjet all-weather attack aircraft developed and manufactured by American aircraft company Grumman Aerospace and operated by the U.S. Navy and U.S. Marine Corps. It was designed in response to a 1957 ...
were utilized by the US Navy and USMC until their retirement in the 1990s, and the
Grumman E-2 Hawkeye The Northrop Grumman E-2 Hawkeye is an American all-weather, carrier-capable tactical airborne early warning (AEW) aircraft. This twin-turboprop aircraft was designed and developed during the late 1950s and early 1960s by the Grumman Aircraft ...
, first introduced in 1964, is still in service with the US Navy. In more recent years, Grumman produced the
Grumman F-14 Tomcat The Grumman F-14 Tomcat is an American carrier-capable supersonic, twin-engine, two-seat, twin-tail, variable-sweep wing fighter aircraft. The Tomcat was developed for the United States Navy's Naval Fighter Experimental (VFX) program after the ...
, a fighter aircraft deployed on U.S. aircraft carriers from 1974 to 2006. Obtained by the
Shah of Iran This is a list of monarchs of Persia (or monarchs of the Iranic peoples, in present-day Iran), which are known by the royal title Shah or Shahanshah. This list starts from the establishment of the Medes around 671 BCE until the deposition of th ...
in the 1970s when Iran was an ally, F-14 Tomcat has been placed in service as fighters by the
Islamic Republic of Iran Air Force , patron = , motto = , "Skyhigh is my place" , colours = Ultramarine blue , colours_label = , march = , mascot ...
, where it still may be active. The
Grumman EA-6B Prowler The Northrop Grumman (formerly Grumman) EA-6B Prowler is a twin-engine, four-seat, mid-wing electronic-warfare aircraft derived from the A-6 Intruder airframe. The EA-6A was the initial electronic warfare version of the A-6 used by the United ...
was also deployed by the US Navy and
US Marine Corps The United States Marine Corps (USMC), also referred to as the United States Marines, is the maritime land force service branch of the United States Armed Forces responsible for conducting expeditionary and amphibious operations through combi ...
, until its respective retirements by each service in 2015 and 2019. Grumman was also prominent in the US space program, being the producer of the Apollo Lunar Excursion Module. In their early decades, aerospace-related companies were concentrated on Long Island, especially in eastern Nassau County in the Bethpage area. Over the years, the industry also diversified to other locations. The
Sperry Gyroscope Sperry may refer to: Places In the United States: * Sperry, Iowa, community in Des Moines County * Sperry, Missouri * Sperry, Oklahoma, town in Tulsa County * Sperry Chalet, historic backcountry chalet, Glacier National Park, Montana *Sperry Glaci ...
company did very well during WW-II as military demand skyrocketed; it specialized in high technology devices such as
gyrocompass A gyrocompass is a type of non-magnetic compass which is based on a fast-spinning disc and the rotation of the Earth (or another planetary body if used elsewhere in the universe) to find geographical direction automatically. The use of a gyroc ...
es,
analog computer An analog computer or analogue computer is a type of computer that uses the continuous variation aspect of physical phenomena such as electrical, mechanical, or hydraulic quantities (''analog signals'') to model the problem being solved. In c ...
-controlled bombsights, airborne
radar Radar is a detection system that uses radio waves to determine the distance (''ranging''), angle, and radial velocity of objects relative to the site. It can be used to detect aircraft, ships, spacecraft, guided missiles, motor vehicles, w ...
systems, and automated take-off and landing systems. These became jumping-off points into the multibillion-dollar annually
avionics Avionics (a blend word, blend of ''aviation'' and ''electronics'') are the Electronics, electronic systems used on aircraft. Avionic systems include communications, Air navigation, navigation, the display and management of multiple systems, ...
business. During the
Cold War The Cold War is a term commonly used to refer to a period of geopolitical tension between the United States and the Soviet Union and their respective allies, the Western Bloc and the Eastern Bloc. The term '' cold war'' is used because the ...
decade of the 1950s, part of Sperry Gyroscope was moved to
Phoenix, Arizona Phoenix ( ; nv, Hoozdo; es, Fénix or , yuf-x-wal, Banyà:nyuwá) is the List of capitals in the United States, capital and List of cities and towns in Arizona#List of cities and towns, most populous city of the U.S. state of Arizona, with 1 ...
. This was to try to preserve parts of this vital defense company in the event of
nuclear warfare Nuclear warfare, also known as atomic warfare, is a theoretical military conflict or prepared political strategy that deploys nuclear weaponry. Nuclear weapons are weapons of mass destruction; in contrast to conventional warfare, nuclear ...
. Both on Long Island and in Arizona, Sperry continued to excel in
avionics Avionics (a blend word, blend of ''aviation'' and ''electronics'') are the Electronics, electronic systems used on aircraft. Avionic systems include communications, Air navigation, navigation, the display and management of multiple systems, ...
, and it also provided avionics systems for such
NASA The National Aeronautics and Space Administration (NASA ) is an independent agency of the US federal government responsible for the civil space program, aeronautics research, and space research. NASA was established in 1958, succeeding t ...
programs as the
Space Shuttle The Space Shuttle is a retired, partially reusable low Earth orbital spacecraft system operated from 1981 to 2011 by the U.S. National Aeronautics and Space Administration (NASA) as part of the Space Shuttle program. Its official program na ...
. The
Cradle of Aviation Museum The Cradle of Aviation Museum is an aerospace museum located in Garden City, New York on Long Island, established to commemorate Long Island's part in the history of aviation. It is located on land once part of Mitchel Air Force Base which, tog ...
illustrates and celebrates Long Island aviation. Long island is home to major divisions of the aircraft systems manufacturer, B/E Aerospace. Their products range from cabin lighting assemblies to aircraft lavatory systems.


Science and engineering

Long Island, has played a prominent role in scientific research and in engineering. It was once the home of the
Grumman Aircraft The Grumman Aircraft Engineering Corporation, later Grumman Aerospace Corporation, was a 20th century American producer of military and civilian aircraft. Founded on December 6, 1929, by Leroy Grumman and his business partners, it merged in 1994 ...
factories where all the Apollo program
Lunar Module The Apollo Lunar Module (LM ), originally designated the Lunar Excursion Module (LEM), was the lunar lander spacecraft that was flown between lunar orbit and the Moon's surface during the United States' Apollo program. It was the first crewed ...
spacecraft were built; and it still is the home of the
Brookhaven National Laboratories Brookhaven National Laboratory (BNL) is a United States Department of Energy national laboratory located in Upton, Long Island, and was formally established in 1947 at the site of Camp Upton, a former U.S. Army base and Japanese internment c ...
in
nuclear physics Nuclear physics is the field of physics that studies atomic nuclei and their constituents and interactions, in addition to the study of other forms of nuclear matter. Nuclear physics should not be confused with atomic physics, which studies the ...
and
United States Department of Energy The United States Department of Energy (DOE) is an executive department of the U.S. federal government that oversees U.S. national energy policy and manages the research and development of nuclear power and nuclear weapons in the United Stat ...
research, as well as physics and astrophysics research projects at Stony Brook University. Additionally,
Cold Spring Harbor Laboratory Cold Spring Harbor Laboratory (CSHL) is a private, non-profit institution with research programs focusing on cancer, neuroscience, plant biology, genomics, and quantitative biology. It is one of 68 institutions supported by the Cancer Centers ...
, is a leading government-funded research laboratory specializing in biomedical education and research. All of these continuing facilities make Long Island a leading high-technology research area for government research. In the mid to latter part of the 20th century companies such as
Sperry Rand Sperry Corporation was a major American equipment and electronics company whose existence spanned more than seven decades of the 20th century. Sperry ceased to exist in 1986 following a prolonged hostile takeover bid engineered by Burroughs ...
and
Computer Associates CA Technologies, formerly known as CA, Inc. and Computer Associates International, Inc., is an American multinational corporation headquartered in New York City. It is primarily known for its business-to-business (B2B) software with a product po ...
, headquartered in Islandia, made Long Island a center for the computer industry.
Gentiva Health Services Gentiva Health Services is a provider of home health care, hospice and related services in the United States. Gentiva is based in Atlanta, Georgia. It is a Fortune 1000 company with over $1.7 billion in annual revenue. Gentiva is a member of the ...
, a national provider of home health and pharmacy services, was once headquartered on Long Island, but is now based in Atlanta, Georgia. Long Island was home to the first Trans-Atlantic radio broadcast, from
Rocky Point, New York Rocky Point is a hamlet and census-designated place (CDP) in the town of Brookhaven, New York, United States. As of the 2010 United States census, the CDP population was 14,014. History Rocky Point is home to the site where American radio company ...
to Paris, France.


Agriculture

Long Island, NY is rich in farming history and features many produce farms located on both the North Shore and South Shores. Because the western and central regions of the island are now largely devoted to residential use, the East End of the island is now the primary agricultural area of Long Island. East End
farm A farm (also called an agricultural holding) is an area of land that is devoted primarily to agricultural processes with the primary objective of producing food and other crops; it is the basic facility in food production. The name is used fo ...
s and farmers' markets are the major providers of Long Island's remaining supplies of locally grown
fruit In botany, a fruit is the seed-bearing structure in flowering plants that is formed from the ovary after flowering. Fruits are the means by which flowering plants (also known as angiosperms) disseminate their seeds. Edible fruits in particu ...
s,
berries A berry is a small, pulpy, and often edible fruit. Typically, berries are juicy, rounded, brightly colored, sweet, sour or tart, and do not have a stone or pit, although many pips or seeds may be present. Common examples are strawberries, raspb ...
,
vegetable Vegetables are parts of plants that are consumed by humans or other animals as food. The original meaning is still commonly used and is applied to plants collectively to refer to all edible plant matter, including the flowers, fruits, stems, ...
s,
poultry Poultry () are domesticated birds kept by humans for their eggs, their meat or their feathers. These birds are most typically members of the superorder Galloanserae (fowl), especially the order Galliformes (which includes chickens, quails, a ...
, and
dairy products Dairy products or milk products, also known as lacticinia, are Food product, food products made from (or containing) milk. The most common dairy animals are cow, water buffalo, dairy goat, nanny goat, and Sheep, ewe. Dairy products include commo ...
. Some farms offer pick-your-own
peach The peach (''Prunus persica'') is a deciduous tree first domesticated and cultivated in Zhejiang province of Eastern China. It bears edible juicy fruits with various characteristics, most called peaches and others (the glossy-skinned, non-fu ...
es,
apple An apple is an edible fruit produced by an apple tree (''Malus domestica''). Apple fruit tree, trees are agriculture, cultivated worldwide and are the most widely grown species in the genus ''Malus''. The tree originated in Central Asia, wh ...
s, and
pumpkin A pumpkin is a vernacular term for mature winter squash of species and varieties in the genus ''Cucurbita'' that has culinary and cultural significance but no agreed upon botanical or scientific meaning. The term ''pumpkin'' is sometimes use ...
s

This has become a traditional spring, summer, and fall outing for many Long Island residents.

The island also still has a considerable area and resources, even in Nassau County, devoted to landscaping horticulture.


Long Island wine

In little over quarter of a century the Long Island
wine Wine is an alcoholic drink typically made from fermented grapes. Yeast consumes the sugar in the grapes and converts it to ethanol and carbon dioxide, releasing heat in the process. Different varieties of grapes and strains of yeasts are m ...
industry has grown from one vineyard to of vines in thirty wineries. The island's maritime climate, geography and soil characteristics provide good winegrowing conditions. The Long Island
wine region This list of wine-producing regions catalogues significant growing regions where vineyards are planted. Wine grapes mostly grow between the 30th and the 50th degree of latitude, in both the Northern and Southern hemispheres. Grapes will sometimes ...
formally encompasses all of Nassau County and Suffolk County, but most island
vineyards A vineyard (; also ) is a plantation of grape-bearing vines, grown mainly for winemaking, but also raisins, table grapes and non-alcoholic grape juice. The science, practice and study of vineyard production is known as viticulture. Vineyards ...
are located on the North and South Forks. Some of the vineyards can grow European varietal grapes, while others concentrate on hybrid grapes that are better-adapted to North American conditions of climate and pest resistanc

Some winery examples are: Palmer Vineyards, Macari Vineyards, Bedell Cellars, Pindar Vineyards, Wolffer Estate Vineyard and Martha Clara Vineyards.


News and media

Long Island is the home of one major newspaper and several smaller newspapers and radio stations. ''
Newsday ''Newsday'' is an American daily newspaper that primarily serves Nassau and Suffolk counties on Long Island, although it is also sold throughout the New York metropolitan area. The slogan of the newspaper is "Newsday, Your Eye on LI", and f ...
'' has one of the largest circulations of all U.S. daily newspapers. The Long Island Press is a weekly paper begun in 2003. The Suffolk Life, based in Riverhead, the lone competitor to Newsday, was founded in 1961 and went out of business in 2008. There are a few specialty newspapers such as the
Long Island Business News ''Long Island Business News'' (LIBN) is a weekly business journal based in Ronkonkoma, New York. Launched in 1953 as the Long Island Commercial Review, LIBN covers business, government, legal, nonprofit and health care issues in Long Island's two ...
and there are several weeklies, such as the Express News Group based in the affluent
Hamptons The Hamptons, part of the East End of Long Island, consist of the towns of Southampton and East Hampton, which together comprise the South Fork of Long Island, in Suffolk County, New York. The Hamptons are a popular seaside resort and one of ...
that cover smaller community news and current events in the Long Island Communities in East Hampton, Southampton and Sag Harbor. News 12, once owned and operated by
Cablevision Cablevision Systems Corporation was an American cable television company with systems serving areas surrounding New York City. It was the fifth-largest cable provider and ninth-largest television provider in the United States. Throughout its ex ...
System Corp (now
Altice USA Altice USA, Inc., commonly known as Altice, is an American cable television provider with headquarters in New York City. It delivers pay television, Internet access, telephone services, and original television content to approximately 4.9 milli ...
), is the only Long Island TV cable news channel. News 12 also provides local news separately to Brooklyn, Westchester and New Jersey to each of the areas it serves through its cable delivery services. In addition, the metropolitan area is served by PBS' Long Island affiliate, WLIW, with the 3rd largest public television viewership in the U.S., has a national audience


Tourism

Tourism in the area is primarily focused on the summer season, on Fire Island and on the East End, with visitors attracted by the natural environment, parks and beaches on Long Island. The North fork on the east end of Suffolk County is known for its fishing villages, tourist towns, ferries to
Connecticut Connecticut () is the southernmost state in the New England region of the Northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. Its cap ...
and its neighbors, and for the area's wineries. The South fork has similar
tourist attraction A tourist attraction is a place of interest that tourists visit, typically for its inherent or an exhibited natural or cultural value, historical significance, natural or built beauty, offering leisure and amusement. Types Places of natural b ...
s including golf, equestrian, boating, surfing, and fine dining in
the Hamptons The Hamptons, part of the East End of Long Island, consist of the towns of Southampton and East Hampton, which together comprise the South Fork of Long Island, in Suffolk County, New York. The Hamptons are a popular seaside resort and one of ...
and Montauk.
Patchogue Patchogue (, ) is a village in Suffolk County, New York. The population was 11,798 at the time of the 2010 census. Patchogue is part of the town of Brookhaven, on the south shore of Long Island, adjoining Great South Bay. It is officially known ...
is also host to the Patchogue Theatre for the Performing Arts, which is also the official home theater of the Atlantic Wind Symphony. Villages are additional tourist destinations on the Island. Some tourism is local Long Islanders visiting nearby friendly villages. Examples of villages that attract surrounding communities include Huntington Village, Northport Village, Islip Hamlet, Port Jefferson Village, Sayville, and Cold Spring Harbor in Suffolk County. Roslyn Village,
Great Neck Great Neck is a region on Long Island, New York, that covers a peninsula on the North Shore and includes nine villages, among them Great Neck, Great Neck Estates, Great Neck Plaza, Kings Point, and Russell Gardens, and a number of unincor ...
, The City of Long Beach, The City of Glen Cove, Massapequa Park and Rockville Centre, Garden City are popular Nassau County Villages. Discover Long Island provides information about tourism on Long Island.


Other industries

Fishing Fishing is the activity of trying to catch fish. Fish are often caught as wildlife from the natural environment, but may also be caught from stocked bodies of water such as ponds, canals, park wetlands and reservoirs. Fishing techniques inclu ...
continues to be an important industry, especially at Northport and Montauk. In fact, following the demise of the oyster industry in the 1950s when oysters had all but disappeared, through concerted efforts by New York state, local government and the resources of Cornell Cooperative Extension’s Marine Research Facility in Southold to develop new technology in support of the sector, Suffolk County, in particular, has revitalized the oyster industry through oyster farming. As of 2018, there were 82 registered permits issued for oyster farming, according to the state Department of Conservation. Since World War II, Long Island has become increasingly suburban and, in some areas, fully urbanized.
Levittown Levittown is the name of several large suburban housing developments created in the United States (including one in Puerto Rico) by William J. Levitt and his company Levitt & Sons. Built after World War II for returning white veterans and their ...
was only the first of many new suburbs, and businesses followed residential development eastward. Long Island is home to the Hauppauge Industrial Park, which was at one time, the East Coast's largest industrial park. The park has over 1,300 companies, and employs over 55,000 Long Islanders. Companies in the park and abroad are represented by the
Hauppauge Industrial Association The Hauppauge Industrial Association (HIA), which has a membership of approximately 1,000 companies throughout Long Island, is a grass-roots, pro-active business organization The HIA had its start in 1978 due to the constant power outages by the Lo ...
. It is noticeable to anyone visiting the park, that there is an abundance of For Rent or For Lease signs marking many of the properties. Many corporations that had long-term leases and moved out of facilities in the park, are still bound under lease-obligations. An example would be the news organization,
Reuters Group Reuters Group plc was a British multinational media and financial information company headquartered in London, United Kingdom. It was acquired by the Thomson Corporation in 2008, forming Thomson Reuters, and moving its head office to Toronto. ...
, which occupies 3 separate facilities there, but shuttered its sites when it was acquired by the
Thomson Corporation The Thomson Corporation was one of the world's largest information companies. It was established in 1989 following a merger between International Thomson Organisation Ltd (ITOL) and Thomson Newspapers. In 2008, it purchased Reuters Group to fo ...
to become
Thomson Reuters Thomson Reuters Corporation ( ) is a Canadian multinational media conglomerate. The company was founded in Toronto, Ontario, Canada, where it is headquartered at the Bay Adelaide Centre. Thomson Reuters was created by the Thomson Corpora ...
, in 2008. By sight alone, it appears that about 20-30% of the properties in the industrial park have been vacated. A growing entertainment industry presence can also be found on the Island. Most recently producer
Mitchell Kriegman Mitchell Kriegman (born June 4, 1952) is an American television writer, director, producer, consultant, story editor, author, composer and actor. He is the creator of ''Clarissa Explains It All'' (1991) for Nickelodeon, ''Bear in the Big Blue Ho ...
established
Wainscott Studios Wainscott may refer to: Places * Wainscott, Kent, England * Wainscott, New York, US People with the surname * G. L. Wainscott, the creator of Ale-8-One * Tina Wainscott Tina Wainscott (born Tina Ritter) is an American author of suspense novel ...
in
Water Mill A watermill or water mill is a mill that uses hydropower. It is a structure that uses a water wheel or water turbine to drive a mechanical process such as milling (grinding), rolling, or hammering. Such processes are needed in the production o ...
, where the
PBS The Public Broadcasting Service (PBS) is an American public broadcasting, public broadcaster and Non-commercial activity, non-commercial, Terrestrial television, free-to-air television network based in Arlington, Virginia. PBS is a publicly fu ...
children's show ''
It's a Big Big World ''It's a Big Big World'' is an American children's television series that aired on PBS Kids from January 2, 2006, to January 8, 2010. The series was created by Mitchell Kriegman, the creator of the Muppet television series, ''Bear in the Big ...
'' is shot.


Transportation infrastructure

As a hub of
commercial aviation Commercial aviation is the part of civil aviation that involves operating aircraft for remuneration or hire, as opposed to private aviation. Definition Commercial aviation is not a rigorously defined category. All commercial air transport and ae ...
, Long Island is home to two of the
New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...
metropolitan area's three busiest airports,
JFK International Airport John F. Kennedy International Airport (colloquially referred to as JFK Airport, Kennedy Airport, New York-JFK, or simply JFK) is the main international airport serving New York City. The airport is the busiest of the seven airports in the New ...
and
LaGuardia Airport LaGuardia Airport is a civil airport in East Elmhurst, Queens, New York City. Covering , the facility was established in 1929 and began operating as a public airport in 1939. It is named after former New York City mayor Fiorello La Guardia. ...
, in addition to
Long Island MacArthur Airport Long Island MacArthur Airport (formerly known as Islip Airport) is a public airport in Ronkonkoma, New York, on Long Island. The Town of Islip owns and operates the airport, which serves about two million airline passengers a year, as well as g ...
; as well as two major
air traffic control Air traffic control (ATC) is a service provided by ground-based air traffic controllers who direct aircraft on the ground and through a given section of controlled airspace, and can provide advisory services to aircraft in non-controlled airs ...
radar facilities, the
New York TRACON The New York Terminal Radar Approach Control (TRACON) is located in Westbury, Long Island. New York TRACON, also known as N90, is a type of Federal Aviation Administration air traffic control facility known as a consolidated TRACON, meaning that ...
and the New York ARTCC. Nine bridges and thirteen navigable tunnels (road and
railroad Rail transport (also known as train transport) is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in tracks. In contrast to road transport, where the vehicles run on a pre ...
tunnels but not metropolitan water tunnels) connect
Brooklyn Brooklyn () is a borough of New York City, coextensive with Kings County, in the U.S. state of New York. Kings County is the most populous county in the State of New York, and the second-most densely populated county in the United States, be ...
and
Queens Queens is a borough of New York City, coextensive with Queens County, in the U.S. state of New York. Located on Long Island, it is the largest New York City borough by area. It is bordered by the borough of Brooklyn at the western tip of Long ...
to the three other boroughs of New York City.
Ferries A ferry is a ship, watercraft or amphibious vehicle used to carry passengers, and sometimes vehicles and cargo, across a body of water. A passenger ferry with many stops, such as in Venice, Italy, is sometimes called a water bus or water tax ...
connect Suffolk County northward across
Long Island Sound Long Island Sound is a marine sound and tidal estuary of the Atlantic Ocean. It lies predominantly between the U.S. state of Connecticut to the north and Long Island in New York to the south. From west to east, the sound stretches from the Eas ...
to the state of
Connecticut Connecticut () is the southernmost state in the New England region of the Northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. Its cap ...
. The
Long Island Rail Road The Long Island Rail Road , often abbreviated as the LIRR, is a commuter rail system in the southeastern part of the U.S. state of New York (state), New York, stretching from Manhattan to the eastern tip of Suffolk County, New York, Suffolk Co ...
is the busiest commuter railroad in North America and operates continually.


Education

Nassau County high school students often feature prominently as winners of the
International Science and Engineering Fair The Regeneron International Science and Engineering Fair (ISEF) is an annual science fair in the United States. It is owned and administered by the Society for Science, a 501(c)(3) non-profit organization based in Washington, D.C. Each May, more tha ...
and similar
STEM Stem or STEM may refer to: Plant structures * Plant stem, a plant's aboveground axis, made of vascular tissue, off which leaves and flowers hang * Stipe (botany), a stalk to support some other structure * Stipe (mycology), the stem of a mushro ...
-based academic awards.
Biotechnology companies Biotechnology is the integration of natural sciences and engineering sciences in order to achieve the application of organisms, cells, parts thereof and molecular analogues for products and services. The term ''biotechnology'' was first used b ...
and
scientific research The scientific method is an empirical method for acquiring knowledge that has characterized the development of science since at least the 17th century (with notable practitioners in previous centuries; see the article history of scientific m ...
play a significant role in Long Island's economy,
Accessed November 16, 2016.
including research institute, research facilities at
Brookhaven National Laboratory Brookhaven National Laboratory (BNL) is a United States Department of Energy national laboratory located in Upton, Long Island, and was formally established in 1947 at the site of Camp Upton, a former U.S. Army base and Japanese internment c ...
,
Cold Spring Harbor Laboratory Cold Spring Harbor Laboratory (CSHL) is a private, non-profit institution with research programs focusing on cancer, neuroscience, plant biology, genomics, and quantitative biology. It is one of 68 institutions supported by the Cancer Centers ...
,
Stony Brook University Stony Brook University (SBU), officially the State University of New York at Stony Brook, is a public research university in Stony Brook, New York. Along with the University at Buffalo, it is one of the State University of New York system's ...
,
New York Institute of Technology The New York Institute of Technology (NYIT or New York Tech) is a private research university founded in 1955. It has two main campuses in New York—one in Old Westbury, on Long Island, and one in Manhattan. Additionally, it has a cybersecu ...
,
Plum Island Animal Disease Center Plum Island Animal Disease Center (PIADC) is a United States federal research facility dedicated to the study of foreign animal diseases of livestock. It is part of the Department of Homeland Security Directorate for Science and Technology, an ...
, the
New York University Tandon School of Engineering The New York University Tandon School of Engineering (commonly referred to as Tandon) is the engineering and applied sciences school of New York University. Tandon is the second oldest private engineering and technology school in the United Sta ...
, the
City University of New York The City University of New York ( CUNY; , ) is the Public university, public university system of Education in New York City, New York City. It is the largest urban university system in the United States, comprising 25 campuses: eleven Upper divis ...
, and
Hofstra Northwell School of Medicine The Donald and Barbara Zucker School of Medicine at Hofstra/Northwell is the graduate medical school of Hofstra University in the town of Hempstead on Long Island, in the U.S. state of New York. The academic institution was established in 2008 b ...
.


Largest employers

According to ''
Newsday ''Newsday'' is an American daily newspaper that primarily serves Nassau and Suffolk counties on Long Island, although it is also sold throughout the New York metropolitan area. The slogan of the newspaper is "Newsday, Your Eye on LI", and f ...
'', the largest employers on Long Island, as of 2017, are: According to the
Bureau of Economic Analysis The Bureau of Economic Analysis (BEA) of the United States Department of Commerce is a U.S. government agency that provides official economy of the United States, macroeconomic and industry statistics, most notably reports about the gross domestic ...
, in 2017 the employment of Suffolk and Nassau counties in the following
sectors Sector may refer to: Places * Sector, West Virginia, U.S. Geometry * Circular sector, the portion of a disc enclosed by two radii and a circular arc * Hyperbolic sector, a region enclosed by two radii and a hyperbolic arc * Spherical sector, a p ...
was:Bureau of Economic Analysis: Total Full-Time and Part-Time Employment by NAICS Industry
/ref>


2008-2009 recession


See also

*
Economy of New York (state) The economy of the State of New York is reflected in its gross state product in 2022-Q2 of $US2.0 trillion, ranking third in size behind the larger states of California and Texas. If New York State were an independent nation, it would rank as t ...


Notes


References

{{Economy of the United States by jurisdiction Economy of New York (state) Long Island