Hopefully, this will continue now that chains are no longer expanding and are actually beginning to decrease in Manhattan. I also think this is partly due to residents no longer venturing to Manhattan to do their shopping like the old days. The thought of going shopping in Manhattan to find a bargain is now laughable. I only wish the small businesses in the other boroughs would get better storefronts designs. And the bodegas seem like they all intend on becoming their own mini-Times Square
The best city for small business in America is not in Silicon Valley
New York owes top spot for small biz in America to its immigrants
The annual "Best Small Business Cities in America" ranking of 25 cities is based on a weighted average of data on Biz2Credit's customers across the country. The study looks at the health of small companies in each metro area, the rate of small-business creation and the economic ecosystem for entrepreneurs, including the cost of doing business, tax climate and local talent pool. The results are tallied by Biz2Credit's proprietary BizAnalyzer tool, which then ranks the cities.