In the News

Prevailing wages provide a baseline — a standard of fairness and consistency that benefits not only workers but developers and the construction industry as a whole. These laws make labor costs predictable, which is essential for successful development.

A preliminary benchmark announcement from the Bureau of Labor Statistics (BLS) reveals weaker job growth between March 2024 and March 2025 than when it was first reported based on survey data.

The U.S. economy probably added close to a million fewer jobs in 2024 and early 2025 than previously reported, the latest sign that the labor market, until recently a bright spot in the economy, may be weaker than it initially appeared.

“Suffolk County is a hub for this kind of manufacturing activity, and we want to help these companies to invest in their operations, to add jobs,” Kelly Murphy, the IDA’s CEO and executive director who worked on the report, said in an interview after the agency’s monthly board meeting.

What does it mean for Long Island where more than 80 percent of our transmission infrastructure is more than 50 years old and currently straining under ever increasing demand?

The series of moves by the Trump administration is raising concerns about two offshore wind projects for Long Island that are already under construction, particularly after Transportation Secretary Sean Duffy referred to offshore wind projects as "doomed."