Many firms tout their economic development services, but CMM is unique in that we are actually in the trenches working on critical initiatives to attract investment and development in our region. In 2017, CMM Managing Partner Joe Campolo, Chairman of the Hauppauge Industrial Association (HIA-LI), spearheaded the first ever Economic Impact Study analyzing the critical role of the Hauppauge Industrial Park in the state and local economy. The results revealed that the 11 square miles of the Park make up only .0002 percent of New York State in terms of size, yet the sales volume of the Park accounts for approximately 1.35 percent of the gross state product of New York State. Campolo and his team are using the results of the study (developed in collaboration with the Suffolk IDA, Regional Plan Association, and Stony Brook University) to aggressively pursue the investment and improvements needed to bring the Park into the future and bolster the regional economy. Potential growth opportunities for the Park include development of rental apartments, walking paths, entertainment venues, an innovation hub, and a buying consortium. Download the Executive Summaries of the Economic Impact Statement (2017) and the Opportunity Analysis (2019).
Armed with this type of critical experience, we work with clients – from innovative startups to long-established companies – to obtain financing through a variety of sources at the local, county, state, and federal level. We are experienced in preparing and shepherding applications for economic incentives through various federal, state, and municipal agencies, including the Small Business Administration (SBA) and the local Industrial Development Agencies in Suffolk County, Nassau County, and beyond.