Private sector employment and wages grew faster in downtown Brooklyn than in the rest of the city between 2003 and 2010, according to a report released Thursday by New York State Comptroller Thomas P. DiNapoli. Wages in greater downtown Brooklyn grew 48 percent during that period, compared to 38 percent for all of the five boroughs.
The report defined the greater downtown Brooklyn area as Brooklyn Heights, Dumbo, the Brooklyn Navy Yard, Clinton Hill, Fort Greene, Boerum Hill and downtown Brooklyn. Private sector employment in those neighborhoods rose by 18.3 percent between 2003 and 2010. The area’s median household income shot up 40 percent between 2005 and 2010 to $71,790, almost $30,000 higher than the rest of Brooklyn.
The health care and social services sector was the largest employer, accounting for nearly one-third of greater downtown Brooklyn’s 77,260 private jobs. Education was the second-largest sector, and leisure and hospitality was the fasting-growing, increasing by 54 percent from 2003 to 2010.
To provide more affordable housing, future plans at the recently established BAM Cultural District call for new towers with mixed-income residential units, according to the report. DBP president Tucker Reed revealed a plan on Thursday to draw teants to underutilized spaces, especially above Fulton Mall storefronts, and to better link downtown hot spots for pedestrians, Patch.com reported.