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Business Unusual: Nonprofits & Business Associations with HIA-LI & Guide Dog Foundation

Posted: June 23rd, 2020

June 23, 2020 – Episode 6 of Business Unusual Weekly Recovery Webinar with business leaders Joe Campolo and Peter Klein. In this episode, they welcomed John Miller, President & CEO of Guide Dog Foundation and America’s VetDogs, and Terri Alessi-Miceli, President & CEO of HIA-LI. The discussion focused on the critical role that 501(c)(6) business organizations will have in our economic recovery and the challenges of operating on a national scale among a patchwork of differing state rules.

LIBN: “Group Aims to Build Long Island’s Workforce”

Posted: June 22nd, 2020

By Adina Genn, Long Island Business News

As Long Island reopens amid the COVID-19 pandemic, experts say a skilled and well-trained workforce, coupled with racial equality, would go a long way towards an inclusive economy.

That’s according to the Long Island Regional Planning Council and the Suffolk Industrial Development Agency, which this week released the findings of its study, “Upskilled: Preparing the Long Island Workforce for the Future.”

“The report outlined the opportunities and strategies for the next chapter of workforce training and development on Long Island,” LIRPC Chairman John Cameron said in a statement.

“Long Island has an overdue need to create a unified strategy to upskill the region’s workforce and create true economic opportunity,” he added. “Responding to the realities of the post-pandemic world and the workforce impact on Long Island intensified these needs.”

With the region’s challenges comes an “unprecedented opportunity” to “implement a workforce training and development strategy to meet current and future market demand with an exceptional workforce, drive the region’s growth and global competitiveness, and help bridge the economic divide,” according to a press release from the LIRPC.

Workforce development has been a priority of Gov. Andrew Cuomo, who, prior to the economic constraints set forth by the pandemic, said he was putting $175 million towards this initiative as a statewide priority for economic growth.

LIRPC commissioned the report from James Lima Planning + Development, a New York-based firm that has advised major Silicon Valley companies on building out their campuses and ecosystems. The firm undertook economic and demographic research to set the stage for high-impact regional workforce development to ensure the skills of the area’s workers match the talent needs of the region’s fastest-growing business sectors.

“The pandemic is testing our nation’s economic strength, and Long Island is not immune to these challenges,” Kelly Morris, deputy executive director of the Suffolk IDA said in a statement.

This is the report’s first phase. Its second phase is slated to include an implementation strategy, covering multiple recommendations such as location, size and scale, facility type, academic partners, funding, curriculum, and operating budget.

Morris said that the IDA and its economic development partners on Long Island and across the state are making a “concerted effort in the area of workforce development for quite some time. This report is a major step forward in informing the process to ensure we are providing our innovation economy with diverse and skilled workers, and subsequently, guaranteeing we reach new heights post-pandemic.”

Here are key findings from the report:

  • Focus on workforce development in “tradable sectors,” which export goods and services to other regions. Tradable sectors are critical for economic development by bringing new dollars into the region, providing better-paying jobs, and defining a place’s competitive advantages. Only 23 percent of Long Island’s workforce is employed in tradeable sectors today. The eight key tradeable sectors identified for growth on Long Island are aerospace, biopharma, business services, construction, distribution, financial services, food processing, and IT and instruments.
  • With 77 percent of the current workforce employed in local services, provide significant retraining opportunities to build a sufficient pipeline for the high-growth industries in tradeable sectors.
  • As Long Island’s population becomes more diverse, workforce development can offer a solution for equitable economic development, preparing all Long Islanders for career trajectories with good earnings potential, regardless of age and ethnic or educational backgrounds.
  • This report envisions economic and workforce development as a unified strategy that thrives on multi-institution, cross-sector, and bi-county collaborations.

Local stakeholders gave the findings high marks.

“As we work to recover from the COVID-19 pandemic there has never been a greater need for investments in workforce development and training to provide greater opportunity for workers and bring our economy back stronger than ever,” Suffolk County Executive Bellone said in a statement. “This report outlines a clear path forward to achieving our goals of a vibrant, diversified economy that focuses on equal opportunity for all.”

“Long Island’s need for workforce development is tremendous,” Theresa Sanders, president and CEO of the Urban League of Long Island, said in a statement.

Sanders is also the LIRPC board secretary, and a member of the New York Forward Re-Opening Advisory Board for Long Island.

“Working collaboratively to address our opportunities in workforce development will not only help us recover from the pandemic economic challenges, but also strengthen the region to ensure we are well-positioned with programs that create better jobs and career paths while lifting all demographics economically,” she said.

“The demand for workers in sectors like advanced manufacturing, technology, and energy — where technology is rapidly changing and hands-on training is critical — far exceeded our capability to deliver work-ready candidates before COVID,” Rosalie Drago, commissioner of Suffolk’s Department of Labor, Licensing and Consumer Affairs.

“Those industries continue to hire even now and the need to accelerate time to get people into the workforce is even greater,” she added. “Having a space where industry and education can collaborate, train and incubate talent is essential to recovery.”

“This report will play a significant role in shaping an inclusive, long-term workforce development strategy for our region,” HIA-LI President and CEO Terri Alessi-Miceli said in a statement.

“The HIA-LI endorses this study’s focus on the promotion of ‘tradable’ industries,” she added. “Fifty-eight percent of the business done at the Long Island Innovation Park at Hauppauge represents tradable sectors, which is more than double the regional average. We stand ready to help expand the overall ratio of tradable businesses across Long Island.”

“When a region is preparing for long-term economic success, it is imperative to attract and retain knowledge workers,” Joe Campolo, board chairman of HIA-LI and managing partner of Campolo, Middleton & McCormick, said in a statement.

“Long Island is competing with regional economies nationwide to attract and fortify a number of key industry clusters,” he added. “Workforce development efforts will help ensure our most vital sectors can tap this talent and ensure Long Island’s future.”

“It is critically important for Long Island’s future that we align workforce development with industry needs and increase our involvement in high-growth tradable sectors to propel economic prosperity for everyone,” LIRPC Executive Director Richard Guardino said in a statement. “Further, as we focus on economic recovery from the pandemic, the report provides a ‘shovel-ready project’ to help fast-track our way to a vibrant economy.”

“As organizations and communities continue to adapt to the social and economic implications of COVID-19 and racial injustice, this report can inform regional efforts to protect, prepare, grow, and upskill the region’s workforce, one of the most important assets of Long Island’s economy,” James  Lima, president of James Lima Planning + Development, said in a statement.

The report’s release was the next step toward the development and implementation of a workforce development plan for Long Island. The report’s principles will guide programmatic and policy decisions, opportunities of actionable next steps, and components that illustrate productive configurations of the regional workforce development system.

Read it on LIBN.

SCBA Makes History with Virtual Installation of Hon. Derrick J. Robinson

Posted: June 19th, 2020

On June 5, the Suffolk County Bar Association made history with its first-ever virtual installation, swearing in the Honorable Derrick J. Robinson as the 112th President of the SCBA.

Judge Robinson’s legal scholarship and skills will serve him well during the next year. A former New York State Assistant Attorney General and a founding president of the Amistad Long Island Black Bar of Long Island, he is looking forward to this new endeavor.

The Oath of Office was administered by his dear friend Supreme Court Justice William G. Ford. He plans to work this year in a cooperative spirit with his fellow officers and the members of the Board of Directors to focus on members and membership.

Along with Judge Robinson, new Officers and Directors were sworn in who will move SCBA forward during these critical times.

Incoming Officers:

Daniel J. Tambasco: President Elect

Vincent J. Messina, Jr.: First Vice President

Cornell V. Bouse: Second Vice President

Patrick McCormick: Treasurer

Hon. John J. Leo: Secretary

Incoming Directors:

Jarrett M. Behar

Catherine E. Miller

David R. Okrent

Daniel A. Russo

Oath of Office administered by:

Hon. Hector D. LaSalle, Associate Justice

Supreme Court of the State of New York

Appellate Division, Second Judicial Department

CMM congratulates Hon. Robinson and all the incoming Officers and Directors!

CMM Strategies Presents Business Unusual: Sports Recovery

Posted: June 18th, 2020

Event Date: July 7th, 2020

CMM Strategies Presents Business Unusual: Sports Recovery

The abrupt loss of sports due to the pandemic continues to be felt across the world, disrupting routines for schoolchildren, professional athletes, and everyone in between – and has been another daily reminder of COVID’s striking impact on American life beyond the health and economic toll.

Join Joe Campolo and Peter Klein as they welcome Michael Pfaff, President and General Manager of the Long Island Ducks, and Bill Borges, owner of Gym-Nest Gymnastics, for an inside look at the future of sports. How do we create new sources of revenue against the stark economic impact of canceled seasons and lost ticket sales? Will this summer’s limited-capacity extracurricular activities and camps create a roadmap for what’s to come? Will new jobs be created to replace those lost? What is the role of sports in bringing us together during times of crisis?

As always, Joe and Peter will also discuss the latest business recovery and market updates. Don’t miss this fascinating look at the role of athletics in our region’s recovery.

Date: Tuesday, July 7
Time: 11:30 a.m.

Have questions for our speakers? Submit now to Lauren at lkanter@cmmllp.com or via the Q&A feature during the webinar.

Campolo Testifies at NYS Assembly Hearing about COVID Impact on LI Businesses

Posted: June 17th, 2020

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Joe Campolo was invited to testify before the New York State Assembly at a virtual hearing on June 17, 2020 about the federal response to the COVID-19 pandemic and its impact on the business community. Below is the text of his testimony.

Good morning. My name is Joe Campolo and I am the Managing Partner of Campolo, Middleton & McCormick, LLP, a business law firm with offices across Long Island. In addition to being a small business owner, I have spent my entire career representing Long Island small businesses. I am also the Chairman of the Board of Directors of HIA-LI, steward of the second largest industrial park in the nation (the Long Island Innovation Park at Hauppauge), and home to 1,400 businesses. I also just spent the past hour in a virtual Town Hall with Suffolk County Executive Steve Bellone to hear his perspective. I have seen firsthand and personally experienced the catastrophic carnage that COVID-19 has unleashed on the Long Island business community.

There is simply no playbook about how to get through these challenges. The swift enactment of the CARES Act was welcome news in the early days of the pandemic, particularly the promise of Paycheck Protection Program (PPP) dollars. However, the under-funding of the first tranche (which for all we knew at the time, would be the only tranche) caused unbelievable angst and turmoil. Our firm and many of our clients did not receive funding and were forced to accelerate cost-cutting measures and layoffs.

Fortunately, the second tranche helped mitigate the situation – but the lack of clarity in guidance issued by the SBA and the Department of the Treasury caused these dollars to be used inefficiently. We, along with many others on Long Island, did not want to burn those dollars without work to be done, so we spent countless hours and days that could have been spent productively, instead trying to do mathematical gymnastics to make the numbers work.

Further, the issuance of enhanced federal unemployment benefits in conjunction with PPP dollars caused tremendous inefficiencies that continue today. At many businesses, some people chose not to return to work but to stay home and receive the enhanced benefits. The recent passage of the PPP Flexibility Act certainly helped expand the time to deploy PPP dollars, but unfortunately, many businesses already spent those dollars upon receiving them, at a time when productivity was very low – in essence, wasting those dollars. Had these been the goalposts when the program was first enacted, employers and employees could have worked together to utilize supplemental unemployment benefits during non-productive times, then deployed PPP when work restarted.

To move forward, we must recognize that the economy is driven by productivity, which is driven by worker output – so it is paramount to get people back to work. Here on Long Island, the largest percentage of jobs lost have been low-paying jobs in restaurants, hotels, and the hospitality sector. Our revitalized downtowns, which had become a hallmark of our economic success over the past 10 years, have been decimated. So it is critical to have future and specific relief geared toward those industries.

We should also be making a concerted effort to focus spending on the minority neighborhoods that have been hit hardest by both the health and economic crises of COVID-19. We have an opportunity before us to pump trillions of dollars into the economy – we must seize the opportunity to support these inner-city communities and help correct the economic disparities that existed there before COVID.

Thus, we must make sure that dollars that are earmarked for local municipalities for capital projects are not cut. Infrastructure enables more activity, which in turn promotes long-term productivity. Infrastructure investment in depressed areas therefore serves multiple purposes – adding high-paying jobs where they are needed, thereby increasing productivity, thereby increasing the GDP on Long Island. It is only by growing GDP with high-paying jobs that we will be able to fully recover post-COVID without an overwhelming debt burden.

Thank you.

View a recording of the testimony here.

Business Unusual: Infrastructure Investment with Guest Rich Humann, Principal & CEO of H2M

Posted: June 16th, 2020

June 16, 2020 – Episode 5 of Business Unusual Weekly Recovery Webinar with business leaders Joe Campolo and Peter Klein. In this episode, they welcomed Rich Humann, President & CEO of H2M architects + engineers. The discussion focused on how stimulus dollars are being used, whether infrastructure spending can fill tax voids in the middle of a pandemic, and whether we can grow our way out of this crisis by investing in infrastructure.

WEBINAR RECAP: Paycheck Protection Plan Flexibility Act

Posted: June 16th, 2020

On June 16, 2020, Christine Malafi joined Gettry Marcus, CPA, P.C. for Part 3 of their successful webinar series on PPP loan forgiveness. This webinar focused on the recently passed Paycheck Protection Program Flexibility Act (“PPPFA”), which greatly increases the likelihood of loan forgiveness.

Topics included:

  • An increase in the Covered Period
  • During the period February 15, 2020 to December 31, 2020, loan forgiveness will be exempt from a reduction in the number of FTE’s pursuant to additional PPPFA guidelines
  • To receive loan forgiveness, a borrower now must use at least 60% of the PPP loan amount for payroll costs and may use up to 40% for non-payroll costs (with possible “cliff” provisions)
  • PPP loan terms can now generally range from 2 to 5 years, with the possibility of a longer 10-year term
  • PPP loan borrowers are now eligible for the CARES Act payroll tax deferral
  • Planning Tools
  • SBA and Treasury Department Guidance

View the webinar here.