The economic success of Dumbo, the Navy Yard, Bushwick and Bed-Stuy points to possible paths for further economic growth outside Manhattan.
New York City added only 2,000 jobs in August and unemployment remains above the national average.
But even as hotels fill and visitors spend needed dollars in Manhattan and beyond, visitors from China are no-shows and investors remain skeptical about the future.
New York City’s economic recovery continues to lag the nation’s.
New York City must compete for a share of the $1.2 trillion national infrastructure pot, with the BQE revamp and electric vehicle charging topping the list.
The new leader of the Bronx Economic Development Corporation found unspent millions from a 1990s federal program.
COVID spurred many tenants to vacate city apartments, but changing rent laws and rising interest rates are among factors now encouraging people to stay put — with few new apartments available.
Work related to film and television production accounts for some 5% of all jobs in the city.
Manhattan has 20% fewer store employees than before the pandemic — and Amazon is a prime reason.
Now that public budgets have been settled, it’s clear they rest on risky assumptions for following years.