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Long Island Press: Growth Sector: The New Healthcare Economy on LI

With two dozen hospitals on Long Island and an aging population, the healthcare industry has become a significant source of employment on Long Island.

When the recession sent thousands to the unemployment lines, the healthcare system was considered one of the more secure professions in the country, especially here on Long Island, where a new medical school is set to open at Hofstra later this summer with the hope of providing a new wave of American-made talent to the industry.

A 2009 Long Island Index Report study revealed that employment in healthcare services grew 26 percent from 2003 to 2008, the largest increase of any profession on Long Island. Biomedical employment also saw a small gain while manufacturing, finance, insurance and communication services experienced a decline in jobs … Read more