The Long Island Association (LIA), Association for a Better Long Island (ABLI), and Long Island Builders Institute (LIBI) today issued the “Long Island Economic Investment Survey” to evaluate the investments that regional real estate developers make on and off Long Island. The survey is administered by Long Island University’s Steven S. Hornstein Center for Policy, Polling, and Analysis and is accepting responses until January 31. The survey can be accessed through this weblink.
The Long Island Economic Investment Survey will shed light on the future plans of developers to build more housing as the region continues to experience challenges with the diversity and affordability of housing. It will also assess obstacles to commencing and completing development projects on Long Island and reforms that could streamline the process.
The survey results will inform the LIA, ABLI, and LIBI’s advocacy on the federal, state, and local levels of government in 2025 to support economic growth and real estate investment.
“Long Island is at a crossroads – we can build and develop creative solutions to address our housing crisis, or we do nothing and continue to hemorrhage residents and businesses,” LIA President/CEO Matt Cohen said. “This survey will be critical to understanding the specific needs of the companies that are involved in development and to ensure policy accommodates the continued growth of our region. I thank our colleagues at ABLI and LIBI for collaborating and Long Island University for administering the survey.”
Kyle Strober, ABLI’s executive director, said, “While it’s quite clear that the cost of doing business on Long Island puts us at a disadvantage against competing regions across the country, this study will quantify the depths of the problem with real data. This information will be a critical tool in demonstrating to our elected officials how current conditions are impacting our region and to be mindful of their past and future policy decisions. As the government has a significant economic impact on Long Island the strategic goal must be to create additional jobs and housing, not push them away.”
LIBI’s chief executive officer, Mike Florio, added, “It’s crucial for both government and the private sector to collaborate in addressing the underlying issues that have contributed to our housing crisis. The home building industry is a vital component of Long Island’s economy, providing not just jobs but also contributing to the overall economic stability of the region. If builders and investors find more favorable conditions elsewhere, it could result in a detrimental cycle where decreased investment leads to fewer job opportunities and further population loss.”
“The importance of this real estate investment survey extends beyond just gathering data – it represents a crucial step in understanding the economic forces shaping Long Island’s development landscape,” said Long Island University President Dr. Kimberly Cline. “Long Island University is proud to contribute our research expertise through the Hornstein Center to help inform policy decisions that will affect our region’s growth. Our involvement in this initiative reflects our commitment to fostering sustainable economic development across Long Island.”