The New York State Comptroller held a press conference, which took place in July 20, 2018 in the Bronx inside a deli to talk about the economic Snapshot of the Bronx.
“The Bronx has made great progress and has come a long way,” Thomas P. DiNapoli the New York State comptroller said.
According to the report, the population of the Bronx increased by 26 percent between 1980 and 20017, reaching almost 1.5 million people, only slightly less than the record set in 1970. It also indicates that immigrants are growing presence in the Bronx. They are indeed, make up 37% of the total population. They are also a large part of the borough’s economic success, making up nearly half of the work force and 60 % of self – employed entrepreneurs.
The report also indicates that, three – quarter of all immigrants in the Bronx are from Latin America. The number rose nearly fivefold since 1980 to 412, 500 in 2016.
The number of immigrants from Africa and Asia has risen sevenfold since 1980, and together they accounted for nearly one – fifth of the immigrant population. The largest concentrations of these immigrants were from Ghana and Bangladesh.
The Hispanic or Latino represent 56 % of the population and Blacks or African Americans 29 %.
The report shows that, the number of businesses has grown by 17 % over the past 10 years, reaching almost 18,000 in 2017. And taxable business sales grew by 60 % since the end of the recession in 2009, reaching a record of 239, 900 jobs in 2017.
The report points out that, the Bronx was the only borough in New York City that did not lose jobs during the Great Recession.
The employment rate averaged 6.2 % in 2017, the lowest on record but the seventh – highest of the 62 counties in the State. Private sector employment increased by 21 % over a 10 – years period, reaching a record of 239,900 jobs in 2017.
The median household income was $ 37,500 in 2016, much lower than in any other borough.
The household poverty rate 28.4%, and the child poverty rate 40.1% were much higher than the citywide rate 18.4 % and 26.6 %, respectively.
The report has also shown that in 2016, there were 498,500 housing units in the Bronx. Of this amount, 81 % were rental units. In 2017, there was 91.4 serious housing code violations per 1,000 privately owned rental units, the most of any borough, but this level was 28% lower than in 2006.
According to the report, in 2018, the Bronx was named the least healthy county in New York for the ninth consecutive year. However, the Bronx was ranked at the bottom for quality of life and health factors, including smoking, and obesity. A 2014 report finds that Bronx had the highest asthma rates for Medicaid recipients in New York State.
Among people who have spoken to the public was the Bronx Borough President Ruben Diaz Jr.who announced one million dollars in capital funding for renovations to the Arthur Avenue Retail Markets. Council Member Ritchie Torres announced $108,000 to improve conditions at the Market. The African Advisory Council chairman Mory Kouyate who made a short speech focused on the African’s immigrants’ contribution not only to the Bronx’s economy but also to the New York’ s economy. “ We are the fastest growing community in the Bronx, and we are shop owners, teachers, taxi drivers, and our contributions must be factored in,” he said.