Small businesses with fewer than five employees grew over 10% in New York City during the COVID-19 pandemic, accounting for more than 71% of all businesses citywide.
Resilient New Yorkers fueled small business growth in NYC during the pandemic, with changes in how people work and federal aid enabling easier online business operations.
Very small businesses in NYC saw employment increase by 1% from 2019 to 2023, while the largest businesses experienced a 9.6% growth in employment during the same period.
#small-business-growth #covid-19-impact #new-york-city-economy #employment-trends #business-resilience
Collection
[
|
...
]