Insights
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.
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.
Small Business Dynamism in NYC's Economic Recovery
A new report on the role of NYC's small businesses in the city's economic recovery.
Driving the Recovery
-
25K small businesses added
-
$3.2B in direct economic output
-
Powered by growth around the boroughs
By The Numbers
94%
of all private firms in NYC are small businesses (<50 employees).
By The Numbers
~1M
people are employed by small businesses in NYC.
By The Numbers
25K
small businesses started in NYC during the recovery period (Q2 2020-Q2 2022).
1 in 9 businesses
in NYC started in the past year.
Small businesses accounted for 45% of job growth
from Q1 2021 to Q2 2022, but 26% of all NYC jobs.
By The Numbers
94%
of all private firms in NYC are small businesses (<50 employees).
1 in 9 businesses
in NYC started in the past year.
By The Numbers
25K
small businesses started in NYC during the recovery period (Q2 2020-Q2 2022).
By The Numbers
~1M
people are employed by small businesses in NYC.
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.
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.
