Elmhurst’s Chinatown. Image: Wiki Commons.
Recent economic snapshots issued by the state comptroller show that New York City has continued to experience record economic expansion in the past three years. This growth has been led by notable gains in the economies of Queens, Brooklyn and the Bronx (Staten Island’s report is expected later this year), which since the 1990s have seen an economic boost from a large increase in their immigrant populations, Crain’s reports. The revitalization of these immigrant-rich areas has led to an uptick in the number of businesses as well as sales and job growth. Unemployment is at its lowest rate since 1990. Queens, the borough that is home the city’s most diverse population and becoming more so, is clearly one to watch.