Report: Brooklyn’s economy has been slammed harder than Manhattan’s by the coronavirus crisis
Despite Brooklyn’s recent progress as a business incubator and tech hub, the borough’s economy is being bashed harder than Manhattan’s during the novel coronavirus pandemic.
That’s the conclusion of a report published Tuesday by the independent think tank Center for an Urban Future, which made clear that the four boroughs outside of Manhattan are suffering the greatest employment setbacks as the crisis unfolds.
The reason for the disparity can be traced to the types of industries most impacted by the closures put in place to contain the virus causing COVID-19.