After the COVID-19 pandemicthe Big Apple has managed to recover, and has just reached the historical maximum in jobs, after the creation of 300,000 new jobs in the last two years.
This was announced this Monday Mayor Eric Adams after revealing that New York City already has more than 4,730,066 jobs, which has contributed to the economic resurgence in the five boroughs, hand in hand with security.
“Today, our streets are safer, our sidewalks are cleaner, and we have more jobs than at any time in our city’s history,” he said. the local leadergiving a part of a duty fulfilled and inviting people from other cities to come to New York to work and do business.
“We have once again broken all-time employment records in New York City (…) We inherited this city in crisis, but We’ve given New York City a twist: 4,730,000 jobs, more than 4,730,000 jobs in the city, those are the total jobs, and we are really proud of this record. This is the largest number of jobs in the history of New York City. “More jobs than ever before,” said the mayor.
Despite highlighting the positive employment numbers, Mayor Adams acknowledged that there is still much more work to do in providing support and opportunities to all communities and the five boroughs, not just Manhattan, highlighting that The City will continue to create opportunities through workforce centers.
And as part of the success of employment in the Big Apple and the push for more jobs, Adams announced that more than 1,046 companies have received more than $85 million dollars through the Opportunities Fund, a service program for small businesses, whose loans have benefited 80% of minority-owned businesses or women.
The Adams Administration explained that the Small Business Opportunity Funda public-private initiative, was launched in 2023 between the City and firms such as Goldman Sachs and Mastercard Center for Inclusive Growth, which provides loans of up to $250,000 to Small business, Used by owners to refinance existing high-interest debt, expand into new stores, hire more employees, and finance improvements.
“The Opportunity Fund has helped me purchase t-shirts, hoodies and promotional items to initiate contracts for agencies like the New York City Department of Health and Mental Hygiene,” he said Jonathan Melo, owner of Valley of Beracah Imprint in the Bronx. “I can now expand my business to bid on higher contracts thanks to the working capital I received from the Opportunity Fund.”
Mayor Adams revealed all-time high in jobs in NYC and $85 million to help small businessesCredit: Flickr NYC Mayor’s Office | NYC Mayoral Office
Kevin D. Kim, commissioner of the City’s Department of Small Business, assured that the $85 million that has been delivered to small businesses has had a real impact on neighborhoods and commercial corridors just when they needed it most. “These loans are not just dollar signs, but investments in the people and communities that make New York City the place we all know and love. “Each of the more than 1,000 business owners we lend to has a story to tell, families they appreciate, and neighborhoods they support.”
It is estimated that 1 in 7 small businesses began from the beginning of the Adams administration, according to City data, which also indicates that through the Workforce1 Career Center program, more than 44,000 New Yorkers. Likewise, according to the New York City Economic Development Corporation (NYCEDC), since the first months of 2022, small businesses with fewer than 50 employees have accounted for 45% of New York City’s overall employment growth, contributing more than $3.2 billion in direct economic income.
“This fund is having a tangible impact on small businesses in the five boroughs, creating jobs, financing expansions and investing in equipment, products and services,” he said. Asahi Pompey, Global Head of Corporate Engagement at Goldman Sachs. “This progress would not be possible without the network of CDFIs who work daily to improve accessibility to capital throughout New York.”
Data
- 300,000 new jobs have been created in the last 2 years in NYC
- 4.7 million is the total number of jobs in the Big Apple
- $85 million has been awarded in low-interest loans to small businesses
- 1,000 owners have benefited
- $250,000 is the highest credit
2024-03-13 10:00:00
#reveal #historic #high #jobs #NYC #announce #million #loans #small #businesses #Diario