Brooklyn

Evolving Economy

Known for its rich history, incredible diversity, and unmatched cultural scene, Brooklyn is where the world looks for inspiration and innovation. The evolution of Brooklyn’s economy is astounding; since 2009, the number of businesses has increased by 32 percent and business sales are up 48 percent. Today, private sector employment is at a record high and the unemployment rate is at a record low.

NYCEDC is working in Brooklyn to provide more economic opportunity for all residents while continuing to celebrate the borough’s unique heritage.

A Competitive Edge

Brooklyn has a number of competitive advantages that have helped bolster employment growth across the borough, including:

• Diversity - a large, skilled, and diverse labor force
• Dynamism - an established education and research infrastructure
• Density - a dense urban core with access to amenities and points of interest
• Direct Access to Manhattan - accessibility via public transportation networks to Manhattan and the rest of the city