Insights from the 2025 Long Island Economic Survey by PKF O'Connor Davies

PKF O'Connor Davies Releases 2025 Long Island Economic Survey Results

On January 23, 2025, PKF O'Connor Davies, one of the largest accounting, tax, and advisory firms in the United States, released the results of its Long Island Economic Survey – Outlook 2025. This year marks the 30th anniversary of the survey, which provides a comprehensive examination of the business landscape in Long Island, New York.

The Long Island Economic Survey is an essential tool that captures the perspectives of business leaders regarding the regional economy. The latest report reflects the views of these leaders on various pressing topics, including economic conditions, emerging trends, and the outlook for the year ahead.

Jeffrey S. Davoli, Co-Partner-in-Charge of PKF O’Connor Davies' Hauppauge office, stated, "For 30 years, we've proudly provided our clients and the greater Long Island business community with valuable insights and analysis to benchmark their operations and plan for the year ahead. Amid countless economic, political, and social shifts, it's crucial for businesses and their leaders to understand and be prepared to adapt to these changing dynamics."

The survey findings reveal several pressing concerns among leaders in the region. They indicate that rising operating costs, workforce quality, and talent recruitment and retention are key issues affecting their businesses. Moreover, the report highlights how artificial intelligence and recent political developments are influencing business operations and strategies.

Joseph C. Ferreira, another Co-Partner-in-Charge of the Hauppauge office, further emphasized the value of the survey, saying, "Since 1995, our clients have turned to the Long Island Economic Survey for a holistic view of the market and the issues impacting business productivity, profitability, and growth. Our three decades of reports highlight our commitment to serving as a trusted resource in delivering greater value to our clients, colleagues, and community."

This year, the survey was conducted in partnership with the Siena College Research Institute (SCRI), which is renowned for its expertise in gauging various viewpoints on business and economic issues. The results were shared and discussed during a special presentation held at Crest Hollow Country Club on the day of the announcement.

With such a rich history, the Long Island Economic Survey continues to be a crucial resource for business leaders navigating an increasingly complex and evolving marketplace. The insights gathered over the past three decades serve as benchmarks that guide businesses in strategic planning and decision-making.

To access the complete results of the Long Island Economic Survey – Outlook 2025, interested parties can visit PKF O'Connor Davies’ website.

About PKF O'Connor Davies

PKF O'Connor Davies is recognized as a premier accounting, tax, and advisory firm and is part of the global network PKF International. The firm has a long-standing reputation built on its commitment to delivering superior value and expertise to clients both domestically and internationally. Their ethos, encapsulated in the slogan "Know Greater Value," reinforces their dedication to customer satisfaction through exemplary service as they continue to evolve to meet the changing needs of their clientele. In addition, they are well-regarded for their ability to foster meaningful connections in the business community. Clients who engage with PKF O'Connor Davies can expect insightful guidance, solid resources, and valuable support.