New Bank Branch Adds To Economic Upswing In Bronx

Posted on January 15, 2017, 4:44 am
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Bronx is cheering as a jobs rally brings bright news.

One of New York’s most jobs-blighted boroughs is regaining some of its economic mojo as one bank officially announced this month it has started work on a 1,500-square-foot branch at 2460 Grand Concourse.

M&T Bank declined to say how many jobs it will generate from its first Bronx branch. Industry watchers anticipate as many as a dozen full-time jobs, and dozens more construction jobs will be added.

Confidence has clearly spiked among banks and small business owners, the latter responsible for as much as two-thirds of the nation’s jobs in recent years.

Ruiz Strategies, the communications firm headed by Emmy award-winning Michele Ruiz, said it expects to further expand its current headcount of 11 this year after recruiting four staffers last month on the back of solid business growth.

The Small Business Confidence Index from the National Federation of Independent Business skyrocketed to 105.8 in December, the highest level since the end of 2004.

 

Jonas Bronck is the pseudonym under which we publish and manage the content and operations of The Bronx Daily.™ / Bronx.com - the largest daily news publication in the borough of "the" Bronx with over 1.5 million annual readers. Publishing under the alias Jonas Bronck is our humble way of paying tribute to the person, whose name lives on in the name of our beloved borough.