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COURIER L 26 IFE, JUNE 14–20, 2019 M BR B G
Brooklyn ranks fi rst!
Study reveals Kings County leads NY
with investments in local economy
BY ELIZABETH WINN
The county of Kings ranked first in
a recently released study by SmartAsset.
com on the greatest number
of investments in New York county’s
local economies.
The study scored each New York
county on their growth in four
categories: local businesses, GDP
(Gross Domestic Product), building
permits and federal funds received
per capita. Taking all four of
these factors into consideration, the
study combined the scores of every
county and created a final ranking
for each county.
King’s County ranked first, having
Chart courtesy of SmartAsset.com
the highest percentage of business
growth (8.3 percent), and the
highest total in the incoming investment
index category (48.10).
Regarding investment and development
in the local residential real
estate market, the study found that
King’s County had 5.9 new building
permits for every 1,000 homes and
that the county was receiving $77
per capita in federal funding.
Of the other New York City counties
included in the study, Bronx,
Queens, and New York County followed
suit in second, third, and
fourth place, respectively.
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