Comparing Business Growth Opportunities in the Bronx, New York

The Bronx, New York is a municipality that has seen tremendous growth in recent years. This can be attributed to an increase in business opportunities, as well as its close proximity to Manhattan. During the 1990s, employment growth was similar across the boroughs, but Manhattan outpaced the other districts in terms of revenue growth. This was largely due to the extraordinary profit growth experienced by Wall Street during economic booms.

Manhattan lagged behind in job creation, but the salaries and salaries of the district's securities industry grew rapidly. This well-paying industry had been growing as a percentage of total employment until the early 2000s, “expanding the mix of jobs and boosting income growth in Manhattan.”The Bronx contains the poorest congressional district in the United States, New York's 15th. However, there are some high- and middle-income neighborhoods, such as Riverdale, Fieldston, Spuyten Duyvil, Schuylerville, Pelham Bay, Pelham Gardens, Morris Park, and Country Club. Beginning in the mid-to-late 1960s and continuing through the 1970s and into the 1980s, some parts of the Bronx experienced a sharp decline in population, livable housing, and quality of life. This culminated in a wave of arson in the late 1970s, a period in which hip hop music evolved.

The South Bronx was particularly affected by this urban decline. The municipality began to experience new population growth starting in the late 1990s and continues to this day. After two annexations, the territory of the Bronx was moved from Westchester County to New York County, which already included Manhattan and the rest of New York City before 1874. The Bronx also includes several small islands in the East River and Long Island Sound, such as City Island and Hart Island. Rikers Island is part of the Bronx as well; it is located in the East River and is home to a large prison complex. Woodlawn Cemetery is located on the western bank of the Bronx River near Yonkers; it opened in 1863 when it was still part of Yonkers. Part of the land purchased was reserved for Grand Concourse and Pelham Parkway, which were among the first boulevards and avenues (roads lined with trees and vegetation) built in New York City.

Subsequent projects included Bronx River Highway (which developed a highway while restoring the riverbank and reducing pollution), Mosholu Highway, and Henry Hudson Highway. Major neighborhoods in The Bronx include: Bronx community districts 1 to 8 (which progress approximately from south to northwest); Bronx community districts 1 to 6 plus part of CD 7 moves north; CDs 2, 3 and 6 border the Bronx River from its mouth to Bronx Park; while 1, 4, 5 and 7 look to Manhattan (on the other side of Harlem River). Like other neighborhoods in New York City, there are no official boundaries for South Bronx; however, it is generally accepted that Fordham Road serves as its northern boundary while The Bronx River forms an eastern boundary. The South Bronx has many high-density apartment buildings, low-income public housing complexes, and multi-unit housing. It is home to Yankee Stadium as well as other government buildings such as Borough Hall and Bronx County Courthouse. The Cross Bronx Highway divides it into two sections from east to west. The South Bronx has some of the poorest neighborhoods in America as well as areas with very high crime rates.

The Yankees won 26 World Series titles playing at their first Yankee Stadium; they added a 27th at their current home at the end of their first season there. Since 1898 when New York City was consolidated under one government system with strong mayors and councils, The Bronx has been governed by The New York City Charter. This centralized government is responsible for public education, correctional institutions, libraries, public safety, recreational facilities, sanitation services, water supply and welfare services. The borough also has twelve community boards that advise on land use and municipal facilities/services for local residents, businesses and institutions. Since becoming an independent county in 1914 The Bronx has only supported two Republican presidential candidates: Warren G Harding (1920) and Calvin Coolidge (1924).Several colleges/universities are located within The Bronx including Manhattan College (a Catholic university offering undergraduate programs in arts/business/education/engineering/science plus graduate programs in education/engineering), Albert Einstein College of Medicine (part of Montefiore Medical Center) located in Morris Park; Mercy College (with its main campus located in Dobbs Ferry) has a campus near Westchester Square; East Bronx is considerably flatter than other parts with regular street layout - only Wakefield neighborhood follows street numbers with misalignment due to design of Tremont Avenue. On same diagonal latitude West 262nd Street in Riverdale coincides with East 237th Street in Wakefield; historic Boston Post Road runs east-west or northeast-southwest connecting Boston with other cities in Northeast US; Mosholu & Pelham Avenues with Bronx Park between them & Van Cortlandt Park & Pelham Bay Park on either side are connected by bridle paths. The Bronx, with its diverse population and unique history offers businesses looking for growth opportunities an attractive option. With its proximity to Manhattan providing access to high-paying industries such as securities trading as well as its own vibrant culture that has produced iconic music genres such as hip hop music - businesses looking for growth should consider investing in The Bronx.