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This issue of the LIA newsletter reviews the latest economic trends on Long Island in the Covid-19 era. The best news is that a $900 billion federal assistance package has been passed that will provide critical assistance to consumers and small businesses. And the real estate sector is booming with large increases in home sales and home sale prices.
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We want to keep you apprised of the latest news regarding the LIA and our efforts related to the coronavirus, as well as some other issues we have been working on.
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The Assembly Democrats hold 107 of the 150 seats. In the Senate, the Democrats gained a supermajority of 43 out of 63 seats which means the Legislature can now override a gubernatorial veto. Although the Assembly is dominated by members from New York City, the Senate is more likely to consider the interests of Long Island and Upstate. Read more here.
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The LIA continues to comply with New York State’s Covid-19 related laws and regulations, as well as our office building’s moratorium on in-person committee meetings and larger events. However, check out some of our virtual meetings and events that we have scheduled this fall/winter.
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Listen to Long Island Association's President and CEO Kevin Law talk with Fingers from WBAB/WBLI
https://www.wbab.com/pluggedin/
https://www.wbli.com/pluggedin/
2-w103.jpg "LIA Economic Report-January 2021")
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Third Track is on Track
The MTA ended 2020 with the successful completion of five railroad crossing eliminations and station enhancements related to the LIRR Expansion Project, one of the largest transportation infrastructure projects in North America, which will add a third track from Floral Park to Hicksville to reduce train congestion and delays. These milestones were met ahead of schedule and under budget despite the challenges of Covid-19.
In 2021, the MTA expects to eliminate the last railroad crossings, the last of the seven bridges to be replaced, and enhanced stations either completed or begun.
In all, when the LIRR Expansion Project is completed, eight railroad grade crossings will have been eliminated, seven bridges replaced or expanded, five stations completely rebuilt, 10 miles of a third track installed and infrastructure such as power substations and interlockings built. For more information about the LIRR Expansion Project, click here:
https://www.amodernli.com/project/thirdtrack/
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COVID-19 Resources
Covid-19 Relief – New Federal Legislation Approved. Click here for more information
Helping Long Island Businesses- LIA Newsday Webinars
FEDERAL GOVERNMENT
Small Business Administration
IRS
Centers for Disease Control and Prevention
Department of Labor - OSHA
FEMA
NEW YORK STATE GOVERNMENTEmpire State Development
Department of Taxation and Finance
Department of Health
COUNTIES
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