Side Hustle To Big Business: Low-Income Entrepreneurs Could Help Brooklyn’s Economy Recover—How Can the City Support Them?

Despite some strong recent gains, Brooklyn’s unemployment rate sits at a staggering 11.3%, one of the highest rates in the state, and more than three times what it was before the pandemic. The city lost a record 631,000 jobs last year. And though many of the disproportionately low-wage and service sector industry jobs that disappeared will eventually return, most experts say the process could take years.

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A two-part panel on low-income entrepreneurship in Brooklyn organized by the Center for an Urban Future included LaToya Meaders from Collective Fare, Camille Newman from the Brooklyn Women’s Business Center, Chymeka Olfonse from BUILD NYC, La-Shawn Allen-Muhammad from the Central Brooklyn EDC and Ras Omeil Morgan from iaRas iTal. […]

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