Skip to main content

Whether we’re tracking the evolution and growth of NYC’s economy and neighborhoods, publishing new data and innovative case studies, or analyzing the emergence of new industries, NYCEDC has its finger on the pulse across all five boroughs.

The Economic Research & Policy Group

NYCEDC's Economic Research & Policy (ERP) group performs industry and economic research to provide insights into key policy issues, conducts economic analysis of New York City projects, and tracks economic trends for policymakers and the public. ERP also helps NYCEDC evaluate projects by setting up tools to assess, measure, and report on ideation and results. The team advances high-impact thought leadership on inclusive and innovation-driven economic development.

Fast paced street scene with people walking across a busy intersection on Broadway in Manhattan New York City

NYC Economic Snapshot

Key data measuring the strength of NYC’s economy.

Read the Report
Past Economic Snapshots
To access, click on the + button to view more.
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022

 

NYC's Entrepreneurial Ecosystem

From corner retail to startups, New York City's entrepreneurs and small businesses fuel innovation, investment, and job creation—helping to power the city's economy, drive its recovery, and make neighborhoods unique across the boroughs.

01
9
By The Numbers

94%

of all private firms in NYC are small businesses (<50 employees).

Essex Market

1 in 9 businesses

in NYC started in the past year.

Essex St Market Vendor. Photo by Kreg Holt/NYCEDC.
By The Numbers

25K

small businesses started in NYC during the recovery period (Q2 2020-Q2 2022).

Colleagues working in an office
By The Numbers

~1M

people are employed by small businesses in NYC.

Brooklyn Army Terminal_Photo by Kreg Holt

Small businesses accounted for 45% of job growth

from Q1 2021 to Q2 2022, but 26% of all NYC jobs.

Employment Summaries

NYCEDC's monthly Employment Summaries* of recent employment changes and trends—overall and by industry—along with data to help track the city’s economic recovery. *Published separately through the end of 2022; data included in Economic Snapshots starting in January 2023. 

Employment Summaries
To access, click on the + button to view more.
  • December 2022 Data
  • November 2022 Data
  • October 2022 Data
  • September 2022 Data
  • August 2022 Data
  • July 2022 Data
  • June 2022 Data
  • May 2022 Data

Economic Development Reports

ERP publishes white papers focusing on current trends and topics affecting New Yorkers. The group takes a data-driven approach to develop informed conclusions and recommendations to foster a more inclusive economy in New York City. 

Economic Development Reports
  • New York City’s STEM Ecosystem: Growth, Diversity, and Competitive Advantage January 2024
  • A Crisis for Working Women and Mothers: Making the Case for Childcare at the Core of Economic Recovery in NYC May 2021
  • COVID-19 and the New York City Economy March 2021
  • The Path to Inclusive Growth November 2020
  • Women 50+ in the NYC Workforce: Tackling Economic Vulnerability February 2020

Get in Touch