Queens Sees 20% Surge in Small Business Openings, Showcasing Entrepreneurial Growth
Queens is solidifying its reputation as a beacon of entrepreneurial spirit, with a 20% increase in small business openings over the past year. Borough President Donovan Richards highlighted the borough’s impressive growth, crediting the diverse population and supportive business environment for the boom.
The new wave of businesses spans industries, from innovative tech startups to family-owned restaurants, reflecting the borough’s unique blend of cultures and economic opportunities.
Boosting Economic Resilience
This entrepreneurial growth has bolstered Queens’ economic resilience, even as other parts of New York City face recovery challenges. Key factors in this success include initiatives such as low-interest loans and community-based mentorship programs that empower local entrepreneurs.
“Queens has always been a place of opportunity,” stated Richards.
Optimism for Jobs and Innovation
Residents are hopeful that the influx of new businesses will create jobs, improve neighborhoods, and further enhance Queens’ reputation as a hub for creativity and innovation.
As these businesses thrive, Queens continues to demonstrate how diversity and community-focused initiatives can drive economic growth and foster a thriving entrepreneurial ecosystem.
