"New York City is a big city of small businesses mom and pop shops, bodegas, food trucks, restaurants, and more and there's no better time for our businesses to shine than the holiday season. The holiday season adds $500 million to the city's economy through increased spending and foot traffic and this goes back into New Yorkers' pockets, making the city more affordable for working people."
"Last year, during a single day Black Friday over 1 million people visited Manhattan retail hubs like Bryant Park, Times Square, and SoHo alone. Retail hubs like Jamaica and Flushing in Queens, Fordham Road in the Bronx, and Metrotech in Brooklyn, all saw year-over-year increases in foot traffic on Black Friday as well. This data also underscores the importance of the holiday shopping season for our city's tourism sector."
Holiday shopping injects $500 million into the city through increased spending and foot traffic. On Black Friday over 1 million visitors went to Manhattan retail hubs while retail centers across Queens, the Bronx, and Brooklyn also saw year-over-year foot-traffic increases. Two-thirds of Times Square visitors on Black Friday 2024 were from outside the city and roughly half were from outside the metro area. Crime declined for eight straight quarters and the city now has the most small businesses in its history. Jobs NYC Hiring Halls drew over 16,000 attendees, producing 5,000 interviews and 2,000 conditional job offers. The NYC Small Business Opportunity Fund awarded over $85 million to 1,000 businesses since 2023, and more than $350 million in financing has been facilitated.
Read at www.amny.com
Unable to calculate read time
Collection
[
|
...
]