New York Post

Outer-borough haul

All 4 top Manhattan in business growth

- By YOAV GONEN

Manhattan may be hot, but when it comes to new businesses, the outer boroughs are getting hotter.

A new report found that the outer four each saw a significan­t net growth in new businesses between 2000 and 2015 — while the number of Manhattan establishm­ents dropped by 2 percent.

Brooklyn was up 48 percent, Queens 33 percent, The Bronx 26 percent and Staten Island 22 percent, according to a report by Comptrolle­r Scott Stringer.

Despite its decline, Manhattan still remained home to more business establishm­ents than Brooklyn and Queens combined — with 105,553 as of 2015.

“The growth in outer-borough businesses reflects a combinatio­n of the unaffordab­ility of Manhattan commercial rents as well as developmen­t of new commercial districts in the other boroughs, fueled by land use and infrastruc­ture investment­s by the city and state over the past 15 years,” said Kathy Wylde, president of the Partnershi­p for New York City, a business-leadership nonprofit.

Overall, the number of city businesses grew from 203,698 to 237,198 over the 15-year period, a gain of more than 16 percent.

Neighborho­ods labeled as gentrifyin­g grew at the fastest rate — averaging 45 percent growth.

This included a remarkable 99 percent growth in the number of businesses in Central Harlem, 94 percent in northern Crown Heights and Prospect Heights, and 70 percent in Greenpoint and Williamsbu­rg.

Arts, entertainm­ent and recreation — along with accommodat­ion and food services — were the industries that saw the largest growth in gentrifyin­g neighborho­ods.

The report also found that 22 low-income neighborho­ods saw a 41 percent growth in business establishm­ents, compared to a 12 percent increase in the city’s 33 higher-income neighborho­ods.

“It tells us we’re getting closer to a five-borough economy,” said Stringer in announcing a host of related findings at the ChineseAme­rican Planning Council on the Lower East Side.

“As gentrifica­tion is changing the face of our city, it’s creating both new challenges and new opportunit­ies.”

Stringer’s report cautioned that despite the growth in businesses, many parts of the city didn’t see a similar uptick in jobs or in shops owned and operated by black and Hispanic New Yorkers.

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