The rapid gentrification of NYC neighborhoods has led to an economic boom — and a collapse in black-owned businesses.
New York's fast-gentrifying neighborhoods have contributed to an economic boom in the city over the last 15 years, with the number of new storefronts and companies increasing by 45%. But those economic gains have not been shared by all residents, according to a new report from the city comptroller's office. Read more here
A new report from the New York City Comptroller’s office compares economic and demographic profiles at the neighborhood level in the Big Apple from 2000 and 2015.
Comptroller Scott Stringer reveals just how profoundly the city has been transforming in the 21st century by comparing business and neighborhood details in 2000 and 2015. Dig around in the data and you’ll find detailed portraits of the city before and after gentrification, for better or worse.