East Harlem Is Booming With Business

NY Post reports that East Harlem is booming with 37 percent more businesses over the last 10 years — double the citywide average, according to a report released Thursday.

State Comptroller Thomas DiNapoli’s snapshot shows that the neighborhood is enjoying record-high employment, while maintaining itself as a hub for Puerto Rican heritage.

“East Harlem has undergone robust economic growth,” DiNapoli said. “This growth has sparked business and job creation, and has attracted new residents to this increasingly diverse neighborhood.”

There were nearly 39,980 private-sector jobs in 2016, an increase of one-third from a decade earlier. Many were at the expanding Mt. Sinai medical center.

There were 37 percent more businesses (1,750) in 2016 than 2006, while the number of citywide businesses grew just 19 percent.

There were 37 percent more businesses (1,750) in 2016 than 2006, while the number of citywide businesses grew just 19 percent.

The population grew by 14 percent since 2010, with 134,300 residents in 2016. Nearly half — 44 percent — are Hispanic and nearly one-third are African-American.

The population grew by 14 percent since 2010, with 134,300 residents in 2016. Nearly half — 44 percent — are Hispanic and nearly one-third are African-American.

Manhattan Borough President Gale Brewer said that despite the good news, the neighborhood and its residents still have “tremendous unmet needs.”

“We must redouble our efforts to ensure that growth in East Harlem is smart, and it delivers real benefits for the neighborhood’s committed, long-term residents,” she said.

DiNapoli also warned that the picture isn’t entirely upbeat.

Median household income was $34,400 in 2016, the seventh-lowest among the city’s 55 neighborhoods and much lower than the citywide median of $58,900, DiNapoli pointed out.

Seniors were in worse shape, with a median income of $18,400.