Economic Data

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February Economic Snapshot: Small Businesses in NYC

 |  NYCEDC
Small businesses are a hugely important part of the economy. The Small Business Administration recently cited that over 99.7 % of all employers are small firms across the United States. Small businesses are especially important in NYC, employing approximately 1.7 million individuals as of Q4 2014. Recently, the Center on Urban Future, a NYC think tank, found that just over 90% of all NYC businesses actually had fewer than 20 employees. According to their research, this is a higher percentage than all but one of the 363 metro areas across the United States. This month’s economic snapshot is zooming in on small businesses to review and analyze trends, post-recession growth and ownership demographics in NYC.

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A Closer Look At Bitcoin

 |  NYCEDC
You may have heard of Bitcoin, the entirely digital currency founded in 2009. To better understand the role it might play in our economy, our Economic Research and Analysis team looked at regional trends in VC funding for Bitcoin and blockchain companies.

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December Economic Snapshot: Charitable Giving in NYC

 |  NYCEDC
'Tis the season for giving! As the headquarters for many of the world’s largest foundations, New York State ranks first in the nation in charitable contributions. This month’s economic snapshot looks at the data on charitable donations to shed some light on the giving economy in NYC.

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November Economic Snapshot: New York City Commercial Office Forecast 2025

 |  NYCEDC
The activation of commercial real estate is a critical means toward growing the middle class and advancing 21st century jobs. The November Economic Snapshot looks at commercial office development in New York City.

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August Economic Snapshot: Ferry Transit in New York City

 |  NYCEDC
With Citywide Ferry Service set to launch in 2017, water transit in NYC is the focus of our August 2015 Economic Snapshot. Read on to learn more about the history of NYC's ferry service and highlighted stats about the upcoming ferry service.

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Venture Capital in New York, Q1 2015

 |  NYCEDC
In the first quarter of 2015, New York’s total VC funding grew to $1.33 billion, up 33% from Q4 2014. VC deals were down 15.4% from the previous quarter.

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June Economic Snapshot: Immigrant Employment Trends

 |  NYCEDC
NYC is home to the largest immigrant population of any U.S. city. Foreign-born workers are not only able to find work in NYC, but have also found opportunities to grow businesses of their own, with more than 47% of incorporated businesses owned and operated by foreign-born workers.

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May Economic Snapshot: Housing and Residential Construction

 |  NYCEDC
In the May 2015 Economic Snapshot, we examine the decrease in affordable housing across the five boroughs and the construction industry’s response to this problem.

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April Economic Snapshot: Energy and the Environment in New York City

 |  NYCEDC
In the April 2015 Economic Snapshot, we examine the costs of the status quo, the extent to which NYC has invested in alternative energy sources, and the environmental impacts.

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March Economic Snapshot: Research and Development in the Life Sciences

 |  NYCEDC
At present, NYC may not be living up to its full potential in terms of biotech capital and development infrastructure but there is significant potential. Our March Economic Snapshot reveals opportunities for growth and ways that NYC can transform itself into the next locus of life science innovation.