The following excerpt is from a Newsday article written by Tory Parrish that was published in the Sunday, January 2nd, 2022 edition on page A39. You can read the entire piece here.
Long Island’s retail landscape is slated to improve, given the region’s current job numbers and consumer spending habits, according to an economic development expert.
But the qualifier is that that performance is relative to the stress on retail that has occurred on the Island amid the COVID-19 pandemic, which led to months of government-mandated business shutdowns, starting in March 2020, and supply chain shortages in 2021.
“Long Island has always been a decent job market. … To be here and to survive here, you’ve got to be able to keep your head above water economically,” said Richard Murdocco, an adjunct professor at Stony Brook University who teaches courses on urban planning, land use and economic development.
“The cloud looming over our head in 2022 is the question of inflation and then supply,” he said.
You can read the rest of the piece from Parrish and other reporters here.