PKF O’Connor Davies Releases 2024 Long Island Economic Survey Results

Annual report sheds light on business leaders’ perceptions of local economy and forecast for coming year

PKF O’Connor Davies, one of the nation’s largest accounting, tax and advisory practices, today announced the results of its Long Island Economic Survey – Outlook 2024. The annual survey invites local leaders to share their perspectives on the current state of doing business in New York, as well as their outlook on the regional economy for the coming year. In addition, the report illuminates a number of critical issues affecting the ability of businesses and their leaders to compete successfully in today’s economy.

“Our Long Island Economic Survey has become an invaluable resource for our clients and the greater Long Island business community to better understand and adapt to the changing economic, political and social circumstances impacting the region,” said Jeffery S. Davoli, Co-Partner-in-Charge of PKF O’Connor Davies’ Hauppauge Office. “We’re proud to once again provide these insights as we seek to bring greater value to our clients, our colleagues and our community.”

Since 1995, PKF O’Connor Davies’ Long Island Economic Survey has detailed trends affecting the regional business climate, local leaders’ plans to enhance their businesses and strategies to address challenging economic headwinds. This year’s report also examines the rise of artificial intelligence and the growing acceptance of the work-from-home model.

“Our clients place great trust in our ability to anticipate the ebbs and flows of the economy and help them navigate a constantly changing business landscape,” said Joseph C. Ferreira, Co-Partner-in-Charge of PKF O’Connor Davies’ Hauppauge Office. “The Long Island Economic Survey demonstrates our commitment to fully understanding our clients’ needs and the issues that matter to them most.”

To develop and publish the survey, PKF O’Connor Davies partnered with the Siena College Research Institute (SCRI). SCRI is a well-regarded expert in capturing individuals’ viewpoints on business, economic, political, social, academic and historical issues. The results of this year’s survey were presented and discussed at a launch event held on January 25, 2024, at the Crest Hollow Country Club. To download the Long Island Economic Survey – Outlook 2024, visit https://www.pkfod.com/outlook-2024-long-island-economic-survey-results/.