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South Bronx Sees Economic Growth
The South Bronx faced COVID-19 challenges but showed resilience, with faster job and business growth than the borough and city, according to a report released today by New York State Comptroller Thomas P. DiNapoli.
Community investments aided recovery, supported by federal assistance, marking a significant portion of borough job creation. Elected officials stress the need for economic stimulation, better housing, reduced crime, and healthcare improvements. The Hunts Point Produce Market sustained operations, employing Bronx locals during the pandemic.
While there’s been improved income and decreased poverty, disparities persist, highlighting lower income, higher poverty rates, and fewer college-educated adults compared to borough averages. The pandemic spotlighted existing health and socioeconomic gaps. Comptroller DiNapoli urges sustained efforts, warning of stalled recovery without continued investments, emphasizing the need for ongoing support and development initiatives to aid economic growth in the South Bronx.
- ◦Financing
