Number of Businesses in New York City Plunged Last Spring, Report Says

Roughly 8,400 businesses closed in the second quarter of 2025, according to the most recent city data, creating the largest net decline in business activity since before the pandemic.

Jan 16, 2026 - 05:00
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Number of Businesses in New York City Plunged Last Spring, Report Says
Roughly 8,400 businesses closed in the second quarter of 2025, according to the most recent city data, creating the largest net decline in business activity since before the pandemic.

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