Easy access to national and international markets has helped the region develop key export industries. While a significant number of Long Island residents commute to New York City for employment, the region itself supports more than one million jobs. The services sector, especially business and financial services, is by far the largest industry on Long Island, accounting for more than one third of all private sector, nonfarm jobs. Although Long Island's manufacturing base is heavily oriented toward high-technology companies, the area's economy is diversified. Among the world-class research institutions located in the region are Brookhaven National Laboratories, Cold Spring Harbor Laboratories, North Shore University Hospital and the State University of New York at Stony Brook.
Commercial fishing remains active in several seaside villages.
Passenger ferry service connects Long Island with New England. MacArthur and Republic airports provide air service, while nearby Kennedy, LaGuardia and Newark airports are easily accessible. The Long Island Rail Road provides passenger and freight service throughout the region and to New York City, where nationwide connections can be made. Numerous public and private entities operate extensive bus service throughout Long Island, to New York City, and long distance. These schools grant about 7,000 science and engineering degrees annually.