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Startup City: NYC Sees Flurry of Entrepreneurial Activity

NEW YORK CITY-Results of two-decade long study finds a big uptick in small new businesses, spread across the city.

By Rayna Katz | Updated on March 12, 2013

NEW YORK CITY-The Big Apple may be home to many large corporations but it is increasingly the place in which entrepreneurs are making a mark, according to a new report from the Center for an Urban Future. And not only are many more businesses starting than the number of businesses that were launched 20 years ago, Manhattan is no longer the only borough where every business wants to be, the report says.

 “Nearly twice as many new businesses were incorporated in the city in 2011 than in 1991,” says an announcement of the report. Also surprising: the fastest growth in startups was seen not in Manhattan but in the outer boroughs, the announcement says.

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