economy

State index suggests the R Word may be looming

New York’s conservative Empire Center think tank is urging fiscal caution as Albany gears up for its annual budget negotiations amid signs that the current economic expansion has run its course. Most troubling is the Labor Department’s Index of Coincident Economic Indicators, which weighs such key economic indicators as private sector employment, the unemployment rate, average weekly hours of manufacturing workers and sales tax collections. The index dropped at a 2.6 percent annual rate in…


DEBRIEF: Congressman Lee Zeldin

The transition from Albany to Washington has been an eye-opener for freshman U.S. Rep. Lee Zeldin, the 1st District Republican. Not yet six months into his first congressional term – and with challengers already lining up for the 2016 election – he’s getting a much clearer picture of how Long Island fits into the massive jigsaw that is the U.S. economy. And he’s finding that whatever topic is on the table, economics are always in…


ALI director Mark lesko

Accelerate releases startups report

Accelerate Long Island released its much-anticipated technology startups report this week, taking the first comprehensive look at the region’s emerging innovation economy. Regional economic development officials have long supported technology as the anchor of a post-defense Long Island economy, but the effort has never fully taken hold. Now, with the Regional Economic  Development Council at the fore, and with such new programs as the state’s Start-Up NY effort, the dream of a future Tech Island…