Long Island Economy Rests Upon Start Ups?

Joseph Byrne Friday, February 22, 2013

Everyone on Long Island is impatiently waiting to see what happens with the economic development of the area. With gas prices rising uncontrollably, strange proposals from Somali Pirates to bail out fiscally strapped Nassau County, and a loss of businesses due to Hurricane Sandy, there are many problems that need to be addressed and fixed.

Recently, the Long Island Software and Technology Network held one of its popular “Best” event, this one focused on the “Best” resources for your company’s growth.  Among the topics discussed at this informative event were funding, IDA programs, startup programs and economic developments.

One of the most noted aspects of this event was the proposal Andrew Hazen of Angel Dough Ventures discussed. He gave a tremendous spotlight to the newly launched LauchPad Long Island, a 12,000 square foot business accelerator and co-working community.  Hazen noted that for people to stay on Long Island, we need good companies, good people and good access to capital. 

Ann-Marie Scheidt next discussed startups and incubators at the Stony Brook campus.  Stony Brook and company’s efforts have resulted in the creation or retaining of 18,000 jobs on Long Island, a tremendous achievement.  Scheidt also mentioned a student entrepreneurs program which will help develop some great ideas.

When looking at the future of Long Island, there is not doubt that there are some qualified business people looking into what needs to be done. However, it does not just stop there. They are also getting these things done.

joeb@longislandyellowpages.com

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