March 13, 2015
By Neal Tepel
Bronx, NY – Bronx Borough President Ruben Diaz Jr. has issued his "Annual Development Report" highlighting the improvements the borough has seen in job opportunities, housing and overall quality of life since he first took office back in 2009.
"The Bronx continues to grow stronger and stronger each year, as we create new jobs, build new housing and improve quality of life in the borough," Borough President Diaz said in a statement. "We will continue to attract the type of investors that want to help the Bronx flourish and reach its full potential."
The report notes that, in total, the Bronx has seen more than $7.212 billion in total development in all categories since 2009. In 2014 alone, the borough saw over $1.13 billion in new development.
"This is truly an exciting time to visit, work, live and do business in the Bronx, said Marlene Cintron, president, Bronx Overall Economic Development Corporation. “Since 2009, our borough has seen a transformation with more than $7 billion invested in improving the quality of life of all Bronxites, building more and better affordable housing units, greener business infrastructure, and creating thousands of new jobs.”
The borough president’s report also notes other development highlights from 2014, including a total of $788 million in residential development, $483 million in institutional development, and $134 million in commercial development across the borough.
"We are witnessing an influx of people returning to their roots in the Bronx,” Bronx Chamber of Commerce head Lenny Caro said in response to the report. “It is a great time to invest in our borough – build it and they will come.”