Long Island, once a beacon of upward mobility, has faced challenges in maintaining its status as a place of opportunity. While our region boasts renowned schools, proximity to New York City, charming downtowns, and picturesque beaches, the lack of affordability has eroded the promise of the American Dream for many Long Island families. It’s time to address this issue head-on and pave the way for a brighter future.
Three critical pillars stand at the forefront of revitalizing Long Island’s economy: housing, childcare and skills training. Individually, each plays a crucial role in fostering economic growth and enhancing quality of life. Together, they form a powerful trifecta capable of reinvigorating our communities and igniting sustainable prosperity.
Housing affordability is paramount to retaining and attracting talent to our region. McDonough PLLC, a law firm that provides advice and counsel to IDAs and other municipalities, recognizes this urgency and is proud to champion projects that directly confront this challenge. In Wyandanch, the Albanese Organization is spearheading the development of its fifth multi-residential building as part of the Wyandanch Rising initiative. This $140 million mixed-use project will offer 218 affordable apartments, catering to a diverse range of household sizes and incomes. Moreover, “Building L” will allocate space for community facilities, fostering a sense of belonging and support within the neighborhood.
But housing is just one piece of the puzzle. Affordable childcare is a cornerstone of economic empowerment, enabling parents to pursue career opportunities without sacrificing the well-being of their children. The proposed Wyandanch Healthy Living Center, in partnership with the YMCA and healthcare providers, will offer affordable childcare services alongside health and wellness initiatives. This innovative facility not only addresses the childcare gap but also promotes holistic community wellness.
The final piece of the puzzle is access to skills training, which is essential for empowering individuals and equipping them with the tools to thrive in the modern economy. The Town of Babylon, has overseen the construction of a new Resource Center dedicated to workforce development and job skills training. By investing in education and training programs, we empower residents to secure higher-paying jobs and contribute to the local economy.
Crucially, all these initiatives prioritize First Source Hiring, ensuring that local residents have access to job opportunities and apprenticeships in the building trades. By investing in our workforce and supporting local talent, we lay the groundwork for sustainable economic growth and prosperity.
Long Island’s future prosperity hinges on our ability to tackle housing affordability, skills training, and childcare accessibility with urgency and determination. Through collaborative efforts and strategic investments, we can reignite the spirit of opportunity and ensure that Long Island remains a vibrant and inclusive place for generations to come.
Economic development is just that - development - it takes time. There is no silver bullet, but if we begin to invest in these three areas now, Long Island will remain a leader for years to come.
Matthew McDonough, Esq., is the founding member of McDonough PLLC, Babylon, NY.
Sign up is quick, easy, & FREE.
.png)