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Long Island
Resources
Overview
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Queens County ||
Nassau
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Suffolk County
Long Island Overview
Long Island is a great place to live or to work, and here at Long Island
Economy, we believe in brining the best out of your community to bring you more
convenience and activity with your surrounding area.
Please let LI Economy become your homepage, and use our
resources for
any type of everyday activity you can think of.
Our goal here is to bring Long Island to your desktop.
What is Long Island?
Long Island is an
island in
New York,
USA. At 1,377 square miles (3567 km˛) and is home to
7.536 million residents as of 2005. It is the largest
island in the
continental United States, the
most populous island in any U.S. state or territory,
and the
17th most populous island in the world, having a
larger population than the Japanese island of
Hokkaido and the countries of
Ireland and
Jamaica. True to its name, the island is much
longer, jutting out some 118 miles (190 km) from
New York Harbor, than it is wide, with only from 12
to 20 miles (32 km) between the southern
Atlantic coast and
Long Island Sound. The
Native American name for Long Island is Paumonauk,
meaning "fish-shaped island."
On the western part of Long Island are the
New York City
boroughs of
Brooklyn (Kings County) and
Queens (Queens County); east of these are
Nassau and
Suffolk counties. However, colloquial usage of the
term "Long Island" or "the Island" usually refers only
to Nassau and Suffolk counties only; Brooklyn and Queens
are omitted, as they are part of New York City.
Long Island is known for its affluence and high quality
of life. As of 2004, Nassau County is listed as the
richest county per capita in New York State, as well as
the sixth richest in the United States.
Suffolk County is known for many communities located
on its beaches, including the world renowned
Hamptons.
According to the FBI's Crime Index, Long Island
(Nassau-Suffolk) has the second lowest crime rate in the
United States.
The Long Island Economy
The counties of
Nassau and
Suffolk have long been renowned for their
affluence. With median home prices rising in
excess of $400,000 USD
[4], Long
Island has a very high cost of living with
residents paying some of the highest property
taxes in the country. Such affluence is
especially pervasive among the hamlets and
villages on the
North Shore of Long Island also known as the
'Gold Coast' and among opulent pockets of the
South Shore.
Long Island is home to some of the most
expensive houses in the country. In fact, the
most expensive residence in the country is Three
Ponds in
Bridgehampton.
[5] Long
Island is home to the luxury communities of
the Hamptons, as well as
Cold Spring Harbor and
Lloyd Harbor in Suffolk County and
Garden City,
Laurel Hollow,
Syosset, and
Manhasset in Nassau County.
The economy of Long Island has long benefited
from its proximity to New York City, although
before and during
World War II, Long Island began developing
industry of its own. From about 1930 to about
1990, Long Island was considered one of the
aviation centers of the United States, with
companies such as
Grumman Aircraft and
Sperry Gyroscope having their headquarters
and factories in the
Bethpage area.
Grumman has long been the source of top
warplanes for the
U.S. Navy and the
Marine Corps, as seen in the movie
Top Gun and numerous WW-II naval and
Marine Corps aviation movies. Prominent WW-II
Grumman aircraft included the
F4F Wildcat and
F6F Hellcat fighters, and the
TBF Avenger bomber, flown by hundreds
of U.S. and Allied pilots, including former
President
George H.W. Bush.
Long Island has played a prominent role in
scientific research and in engineering. It was
the home of the
Grumman Aircraft factories where all the
Apollo Program
Lunar Module spacecraft were built; and it
still is the home of the
Brookhaven National Laboratories in
nuclear physics and
Department of Energy research. All of this
makes Long Island one of the leading
high-technology areas in the world.
In their early decades, Sperry Gyroscope and
related companies were concentrated on Long
Island, especially in
Nassau County in the
Bethpage area. Over the years, it also
diversified to other locations. The company did
very well during WW-II as military demand
skyrocketed; it specialized in high technology
devices such as
gyrocompasses,
analog computer-controlled bombsights,
airborne
radar systems, and automated take-off and
landing systems. As the reader can see, these
were jumping-off points into the
multibillion-dollar annually aviation
electronics business. During the
Cold War decade of the 1950s, part of Sperry
Gyroscope was moved to
Phoenix, Arizona, and soon thereafter became
part of the
Sperry Flight Systems Company. This was to
try to preserve parts of this vital defense
company in the event of a
thermonuclear
conflagration. Both on Long Island and in
Arizona, Sperry continued to excel at aviation
electronics —
avionics, and it also provided avionics
systems for such
NASA programs as the
Space Shuttle.
In recent decades companies such as
Sperry Rand and
Computer Associates, headquartered in
Islandia, have made Long Island a center for
the computer industry. Nevertheless, the eastern
end of the island is still partly agricultural,
now including many
vineyards as well as traditional
truck farming.
Fishing also continues to be an important
industry, especially at
Northport and
Montauk.
Since World War II, Long Island has become
increasingly suburban and, in some areas, fully
urbanized.
Levittown was only the first of many new
suburbs, and businesses followed residential
development eastward.
Long Island is home to the East Coast's largest
industrial park, the Hauppauge Industrial Park.
The park has over 1,300 companies, and employs
over 55,000 Long Islanders. Companies in the
park and abroad are represented by the
Hauppauge Industrial Association.
A growing entertainment industry presence can
also be found on the Island. Most recently
producer
Mitchell Kriegman established
Wainscott Studios in Water Mill where the
PBS children's show, “It's
a Big, Big World”, is shot.
Information & links provided by
Wikipedia
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