LIBN.COM VOLUME 67 NUMBER 49 ■ LIBN.COM Part of the network DECEMBER 11-17, 2020 ■ $2.00 EXECUTIVE WISH LIST 2021 Biz leaders to Biden: These are our priorities ›› Page 4 THE OFFICE, REIMAGINED THE POWER LIST REAL ESTATE SPECIAL SECTION York Factory’s turnkey EDUCATION designsPOWE are built to maximizeR 25 productivity,IN EDUCATION empowering BROOKHAVEN REZONING POWER 25 employees to choose how HOFSTRA NAMES AIMS AT REIMAGINING EDUCATION and where they work best. 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For more details check out our 11 Movers & Shakers 38 On Our Island memorative plaques. We are the only authorized provider of Brand Guidelines. reprinted LIBN products. Call us today at 631.737.1700. 12 Opinion 39 Classifieds Find us on: 4 I LONG ISLAND BUSINESS NEWS I December 11-17, 2020 I LIBN.COM COVERSTORY EXECUTIVE WISH LIST 2021 By ADINA GENN additional economic relief to withstand the impact of COVID,” Jeffrey Weiner, Marcum chairman and CEO, said new COVID-19 stimulus package. Infra- in a statement. structure investment. And the reinstate- A wish list among executives is emerging across the ment of the state and local tax deduction. nation as it struggles with another COVID-19 surge. Now, These are just some of the top economic business leaders are sharing insights on their business priorities amid the COVID crisis that outlook, government economic priorities and the coronavi- Biz leaders to Biden: Abusiness leaders have for the incoming Biden administra- rus crisis itself as the Biden administration prepares to get tion. underway. “We need COVID recovery for small business – more CEOs “have deep concerns about the immediate future, These are our grants to help them with the financial pain they suffered,” and optimism has continued to trend downward,” Wein- said Kevin Law, president and CEO of the Long Island As- er said. “The resilience of mid-market companies—the sociation. “They don’t need more loans - they need grants.” priorities backbone of our economy—is being tested, and time will Passing a new COVID-19 stimulus package is a top pri- tell whether the next administration is able to help right the ority for more than 67 percent of the c-suite level executives course for U.S. businesses.” responding to the most recent CEO survey from Marcum, Released last week, the Marcum-Hofstra survey in a national accounting firm with offices in Melville, and mid-November polled c-suite executives at 250 companies Hofstra University’s Frank G. Zarb School of Business, in across the nation, from a broad spectrum of industries. The Hempstead. survey looked at economic priorities for 2021 and beyond. “Middle-market CEOs are clear about their need for LONG ISLAND BUSINESS NEWS I December 11-17, 2020 I LIBN.COM I 5 ‘TIME WILL TELL WHETHER THE NEXT ADMINISTRATION IS ABLE TO HELP RIGHT THE COURSE FOR U.S. BUSINESSES.’ advocacy organization, told LIBN. “On Long Island, federal infrastructure dol- lars could be invested in road projects like the Oakdale Merger, expansion of sewers in Suffolk, upgrades to MacArthur Airport or even the elec- trification of the LIRR out east,” he added. “All of these projects would spur an exponential in- crease in economic activity once completed.” Experts say these kinds of benefits would be long lasting. “The proposed New York Harbor freight tun- nel would have a significant and positive impact on Long Island, the New York metro area, our economy, the environment, and our access to markets west of the Hudson,” Brookhaven Rail Terminal President Andy Kaufman told LIBN. “The billions of federal dollars required for con- struction would create benefits for generations to come and there is already a Tier II environmen- tal study that sets the stage for progress by the Biden administration.” JEFFREY WEINER Law also pointed to the need for continued im- KEVIN LAW Manufacturing Education Policies that promote U.S.-based manufactur- ing were favored as a top priority by more than Investing in education and childcare are criti- 36 percent of the survey’s respondents, as well as cal for the region. Long Islanders that spoke to LIBN. “We have to focus on the community colleges “A key indicator of bringing back America’s and colleges because training and retraining our economy is to figure out how more products can future workforce will play dividend down the be produced in the United States,” said Phil An- road,” Law said. drews, the president of the Long Island African American Chamber of Commerce. “Increased employment and productivity in America will get America back to work, and ‘made in America’ will be more than just a slo- gan,” he added. A stimulus package would go a long way toward that end, Andrews said. “A new round of stimulus injected into the economy will get the country moving in the right direction by increasing consumer confidence and spending, along with a second round of support PHIL ANDREWS for small businesses, will point the economy in the right direction,” he said. provements at MacArthur Airport and the need Infrastructure for the Gateway Tunnel project, which would construct two new tunnels under the Hudson Infrastructure funding, too, is a top priority, River between New Jersey and Penn Station, according to the survey, and to leaders on Long easing congestion. While the tunnel project has Island. prompted “a lot of debate, it’s critically import- On Tuesday, Nassau County announced that ant,” he said. And funding for the cash-strapped it had requested federal stimulus for large scale MTA and LIRR, he said, is key. improvements. According to County Executive TOM SUOZZI Laura Curran, federal stimulus that advances shovel-ready projects would create more than SALT 3,300 construction jobs in Nassau. Reinstating the state and local tax deductions Law pointed to infrastructure projects across is also critical, Law said. COVID the region that warrant merit. That sentiment was echoed earlier this week Amid COVID-19, more than 82 percent of “Investing in infrastructure puts people back when U.S. Rep. Tom Suozzi said on a call that he CEOs responding to the Marcum-Hofstra survey to work,” Law said, referring to improvements would ask all incoming members of Congress needed in the region, including roads, sewers, to pledge to repeal the SALT cap. He also aims said they are taking precautions in the event of bridges and tunnels. to urge New Yorkers to withhold support from another lockdown, with 64 percent saying that Such projects would fuel the economy. members of Congress who do not support the a lockdown would impact operations. More “From FDR’s New Deal in response to the repeal of the cap. than 58 percent said COVID would continue to Great Depression to Obama’s American Re- “The SALT cap of 2017 was a gut-punch impact U.S. businesses over the next year. covery & Reinvestment Act in response to the to New Yorkers, who already subsidize other “The government should continue to im- Great Recession, history has proven that federal states by paying more in taxes than we receive plement ideas that will stop the spread of stimulus dollars for infrastructure projects can back from the federal government,” Suozzi said. COVID-19,” Andrews said. “Control mecha- be a critical tool in rebuilding our economy,” Kyle “COVID has compounded SALT and we are now nisms are vital to America in its efforts to get the Strober, executive director of the Association for seeing large corporations and their employees economy back on track to pre-COVID-19 levels.” a Better Long Island, an economic development looking to move to other states.” ■ [email protected] 6 I LONG ISLAND BUSINESS NEWS I December 11-17, 2020 I LIBN.COM Long Islanders from all walks of life rely on our health care industry to keep our communities strong.