Coney Island, Brighton Beach See Economic Boom

NEW YORK (CBSNewYork/AP) — What recession?

A state report finds that Coney Island and Brighton Beach communities are bouncing back quickly from the economic downturn.

Comptroller Thomas P. DiNapoli says the areas’ businesses are growing, home prices are rebounding and beaches are attracting more people.

1010 WINS’ Sonia Rincon reports: Business Is Booming

Businesses in the area are hiring like nowhere else in the city and job growth is double the rate than the rest of Brooklyn.

In 2010, the area gained 27,530 private-sector jobs in such areas as transportation, education, retail and health care. That’s a 7.1 percent gain, compared to just 0.9 percent for the rest of New York City.

From 2000 to 2008, the number of businesses in the area grew by 21.4 percent, compared to 5.5 percent for the rest of the city.

Pamela Harris, who runs a youth organization and has lived in the area her whole life, says she has noticed the progress.

“There are more jobs, finally,” Harris said. “I’m also a homeowner so I’ve seen the growth in my property value.”

WCBS 880’s Rich Lamb On The Booming Economy

“What I see among the year-round residents is that there’s hope, they see things coming, they see attention to the community,” Judy Orlando, who heads a development group, said.

Coney Island and Brighton Beach have the seventh-highest concentration of immigrants in New York City.

DiNapoli says more than 50 countries are represented in the area, including a large population from Ukraine and Russia.

The city’s renewal plan for the Coney Island amusement district is contributing to the boom.

The opening in 2010 of Luna Park created nearly 240 jobs. And this summer another 400 jobs were created by the new thrill ride Scream Zone and other boardwalk attractions.

“Six Flags, Dorney Park, fuhgeddaboudit,” Borough President Marty Markowitz said. “Coney Island is the original.”

Eddie Mark, with the local community board, also credits infrastructure investments like a subway station overhaul.

The area’s largest employer is the health care sector.

How’s the economy in your neighborhood? Let us know below…

(TM and Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

  • Sue

    All they did was tear down busineeses that were there and replace them with different businesses. We had a beautiful miniature golf(torn down) and a great batting cages(torn down) We had food places(torn down) all you did was give jobs to the people who lost their jobs from your tearing down of bldgs. Coney should not be like Briighton Beach.We are Americans, not from Russia or the Ukraine and we dont want it to be run by all “non-American” More jobs now? I think NOT!!

  • No Recession, Pass the Dudy

    Let’s see…..

    Nobody is flying to the Bahamas or Cancun.

    People are not touring Vegas, Atlantic City and the Grand Canyon.

    Others are forfeiting the Hamptons and Myrthle beach and Cape may.

    they are getting on the Subway and going to the Sewey hole nearby!

    What Recession?

    Sonia Rincon, you never left the Rincon, did you?

  • VY

    Make all the fun of minimum wage jobs you want, but in many lives, just seeing that there is a way to make money legally is enough to get someone to have an employment track record that can help them get to the next level.

  • Boris Bengenya

    The jobs in Luna Park, Scream Zone, and the Boardwalk are all low paying seasonal job. Come back in Februrary and report on the jobs in Coney Island.

  • Billy Jo Jim Bob

    I dun here gots me a job in Crooklyn yo. I is makin mo money than I yous to. I gots so much money now I’s can cap all my teeth in gold n pladimum. Yo, da girlees like ma smood style yo. Shout out to KFC and my boyz from 6th avinyou, avin .. avenu.. uhh.. Street

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