Brooklyn Leads NYC in Growing Its Innovation Economy
Brooklyn is far ahead of Manhattan and the rest of the city in terms of growing its innovation economy, the Center for an Urban Future says in its latest study. The think tank reports that the borough’s “runaway success” in the tech, creative and manufacturing sectors has kicked its economy into higher gear than that of many other urban centers since the 2008 recession.
“Over the past decade, Brooklyn has outperformed the rest of New York City in these innovation industries, which have added thousands of well-paying jobs for New Yorkers, helped diversify the borough’s economy and given Brooklyn an important competitive advantage in a part of the economy that is expected to grow significantly in the years ahead,” according to CUF.
In creative industries, ranging from industrial design to marketing, Brooklyn’s employment base has grown by 155% over a 10-year period. That compares to 16% for Manhattan, says CUF.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).