Long Island business leader optimistic about economic turnaround

MINEOLA, N.Y. (WCBS 880) — The head of the Long Island Association on Tuesday said he doesn’t believe Gov. Andrew Cuomo will shut down all of New York again, despite the rise in coronavirus cases.

Kevin Law, head of the Long Island Association, believes there won’t be a total shut down of New York State again, instead he believes micro-clusters will become the new normal.

He says Gov. Cuomo does not want to see the economy freeze again.

“The governor is wisely approaching things in a different fashion and he's looking at doing things on a micro-cluster strategy. We need to be looking at communities as a whole and not just a region,” Law said.

When businesses hear about new yellow, orange and red zones, they worry about shutting down, especially so close to the holidays.

Law says he’s worried about businesses that are in micro-cluster zones as well, but he’s trying to stay optimistic.

“Many small businesses, they make most of their money for the whole year between Thanksgiving and Christmas, so we need to do everything we can to help them stay in business and to patronize them as well, and I'm optimistic that our folks in Washington, they will come up with an agreement that will provide some financial assistance,” Law said.

He says the second half of 2021 will be great for the economy on Long Island and residential housing sales will continue to be strong, but he worries about commercial real estate.

“The commercial real estate market is a little bit different.
Retail has been significantly impacted by the COVID,” Law said. “But likewise our commercial real estate, there's a big question mark about it because a lot of people are working remotely and businesses are reassessing their office space needs.”

Stay informed, stay connected — follow WCBS 880 on Facebook and Twitter. Download the RADIO.COM app + favorite WCBS 880 for breaking news, traffic and weather alerts.