Many years after it first hit the collective radar of hipsters, Brooklyn remains one of the coolest and most desirable places to live in the country. No other urban environment in the United States combines such a high quality of life with such vibrancy, cultural diversity and opportunity.
That makes Brooklyn a favorite not only for people looking for an exciting place to put down personal roots, but also for entrepreneurs. There are three types of businesses that have been proven to work very well in Brooklyn. Below is a brief look at each of them.
Even just a few decades ago, Brooklyn was seen by many as a fairly marginal part of New York City. Crime rates have since plummeted and revitalization has transformed most of the neighborhood in ways previously unthinkable.
That has made Brooklyn a particularly attractive place to live. Ambitious developers have been building attractive apartments and the like for years, as those who find locations on nria.net will see.
Today’s Brooklyn is also a particularly hospitable place for businesses, whether they’re those with a long history in the borough or the greenest newcomers. Nearly 60,000 companies based in Brooklyn now employ local workers, making it one of the most economically influential boroughs of the five New York boroughs.
One of the most attractive things about Brooklyn today is that it has a lot of hip, trendy personality as well as the rich, working-class character that has defined it for so long. While it has become more expensive to live, work, and run a business in Brooklyn, it remains a lot more affordable than Manhattan on the other side of the East River.
Companies that excel most easily in Brooklyn tend to cater to both sides of the borough’s unique nature while also being financially viable overall. Three that have been proven time and time again to have high chances of success are:
1. Breweries
Brooklyn’s young professionals tend to be particularly enthusiastic about high-quality beer, and that’s just part of the overall market. Despite already being home to dozens of breweries, Brooklyn needs even more foam sources. The craze for “hazy” Indian pale ales that has swept the country in recent years can be traced in large part to a number of particularly influential breweries in Brooklyn. Even simply coming up with a new twist on an established favorite can ensure a new brewery opens to healthy demand. While it takes quite a bit of capital and planning to open a brewery in Brooklyn, the established odds for success often ease any associated concerns.
2. Dog walking
Brooklyn’s population has been getting younger and younger for years, with millennials from other parts of the country now giving way to members of Generation Z. Young adults in the United States prefer pets to families, and fewer and fewer people are getting married. and settle at traditional ages. Starting a dog walking business is an extremely easy and accessible way to meet some of the related needs. Although it scares both people and dogs, many Brooklynites have had success with these types of ventures in recent years.
3. Cleaning
Steady growth and a strong economy mean Brooklyn is also in high demand for both residential and commercial cleaning services. Since it only takes a modest investment to get a new cleaning business off the ground, even entrepreneurs with limited resources who are willing to work hard are welcome.
These three types of businesses have collectively led to many successful entrepreneurial stories in Brooklyn in recent years. Almost anyone looking for a way to build a business from the ground up in Brooklyn would do well to consider at least one of these three proven options.