MARCH 6, 2015

NYC’s URBAN FUTURE

NYC's Post-Recession Bump

% Job Growth, 2009-2013

5.4%

6.3%

6.4%

9.5%

USA

NYS

NYC Metro

NYC

Sectors Slowing Down

% Job Growth 2003-2013

-0.6%

-6.3%

-14.7%

Finance and Insurance

Legal Services

Publishing Industries (except Internet)

Sectors on the Rise

% Job Growth 2003-2013

19.9%

27.0%

35.2%

41.7%

41.8%

56.2%

84.0%

Health Care & Social Assistance

Retail Trade

Educational Services

Advertising

Motion Picture & Sound Recording

Food Services & Drinking Places

Computer Systems Design

Where are the Jobs?

Job Growth, 2003-2013

15,300

19,300

27,900

50,000

72,100

92,400

102,500

Motion Picture & Sound Recording

Advertising

Computer Systems Design

Educational Services

Retail Trade

Food Services & Drinking Places

Health Care & Social Assistance

Percent Change in Number of VC Deals, 2003-2013

-17.76%

32.37%

157.89%

New England

Silicon Valley

NY Metro

Percentage of All VC Deals in the U.S., 2003 to 2013

5.3%

11.4%

14.8%

10.2%

2003Q1

2004Q1

2005Q1

2006Q1

2007Q1

2008Q1

2009Q1

2010Q1

2011Q1

2012Q1

2013Q1

NY Metro Share of U.S. Total New England Share of U.S. Total

Annual Loss/Gain in NYC Manufacturing Jobs

-10

-21.3

-16.1

-12.8

-5.8 -6.9

-7.8

-5.1 -5.4

-14

-5.3

-0.6

0.6 0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Average Number of Employees

Per Manufacturing Firm in Brooklyn

16.8

11.5

2q2000 2q2012

Booming Boroughs

% Job Growth, 2003-2013

10.9%

13.0%

13.9%

16.7%

24.5%

Staten Island

Manhattan

Queens

Bronx

Brooklyn

Booming Boroughs: Share of NYC’s Private Sector

Jobs in the 4 Boroughs Outside of Manhattan

32% 35%

38% 40%

1958 1988 2008 2013

New Business Incorporations by Year

1991 – 2011 – New York City

35,218

39,395 41,468

43,142

46,799 48,810

50,877 50,430

53,630 54,574 52,499

58,624

61,478

64,274 66,450 67,078 66,274

63,242

60,502

64,502 65,658

NYC: Net Gain of 38.2k Businesses btwn 2000 & 2013

82.1% of new businesses had fewer than 5 employees

82.1%

5.2% 6.1% 2.6% 1.0% 0.7% 1.3% 1.0% 0.0%

0-4 5-9 10-19 20-29 30-39 40-49 50-99 100-499 500+# of Employees

Share of NYC Businesses, by Size of Firm

63.9%

15.9%

9.5%

3.5%

1.9%

1.1%

2.2%

1.7%

0.3%

66.7%

14.3%

8.9%

3.4%

1.8%

1.1%

2.1%

1.6%

0.3%

0-4

5-9

10-19

20-29

30-39

40-49

50-99

100-499

500+

# of Em

ployees

Share of All NYC Firms,2000

Self-Employment Rates by Nativity,

Manhattan vs. Other Boroughs

Self-Employment Rates by Borough,

Native Born vs. Foreign Born

NYC's Self-Employed Population

188,054

247,025

2000 2012

Annual Growth in NYC Chain Stores

2.50%

0.50%

2.40%

1.80%

4.1%

2013-20142012-20132011-20122010-20112009-2010

The Rise of Chain Stores in NYC

341 335

235 216

82 57

536

462

280 318

181 135

Dunkin Donuts Subway Starbucks Duane Reade T-Mobile 7-Eleven

2008 2014