Report: Bronx sees increase of chain stores

<p>The Bronx is booming and more chain stores are opening for business in the borough, according to one non-profit economic development corporation.&nbsp;</p>

News 12 Staff

Jan 8, 2018, 11:13 AM

Updated 2,305 days ago

Share:

The Bronx is booming and more chain stores are opening for business in the borough, according to one non-profit economic development corporation. 
President of the Bronx Overall Economic Development Corporation Marlene Cintron says the number of chain stores in the Bronx increased 4.3 percent in 2017.
She says the figure is more than any other increase seen in other boroughs and more growth means more jobs and opportunity.
"Because we've been so retail starved for so long, we consider going to these stores, honestly as retail therapy," she says.
While comparatively lower rent may be what's alluring the 907 new retailers, Cintron says any investment in the Bronx is good for all.
A dollar that is spent in the local community goes around six times in the community," she says.


More from News 12
1:43
Nonprofit wants to bring an independent cinema to the Bronx

Nonprofit wants to bring an independent cinema to the Bronx

1:54
Bronx charter schools have open seats for upcoming school year

Bronx charter schools have open seats for upcoming school year

1:37
Hazy and hot weather arrives Thursday before a weekend cooldown

Hazy and hot weather arrives Thursday before a weekend cooldown

2:04
Grants up for grabs for restaurants hurt by new stove standards

Grants up for grabs for restaurants hurt by new stove standards

1:51
Residents worried that sinkhole problems from years prior may return

Residents worried that sinkhole problems from years prior may return

1:19
Council members making a push for rat birth control

Council members making a push for rat birth control

1:43
NYPD: Multiple suspects wanted for string of gunpoint robberies across the Bronx, Manhattan

NYPD: Multiple suspects wanted for string of gunpoint robberies across the Bronx, Manhattan

1:30
82-unit affordable housing development coming to West Farms

82-unit affordable housing development coming to West Farms

1:51
RFK announces he has enough signatures to appear on NY ballot

RFK announces he has enough signatures to appear on NY ballot

1:41
Bronx man in custody following death of his 79-year-old mother in Concourse Village apartment

Bronx man in custody following death of his 79-year-old mother in Concourse Village apartment

1:47
City officials, drivers weigh in on potential disappearance of parking spots in Mount Hope

City officials, drivers weigh in on potential disappearance of parking spots in Mount Hope

0:34
FBI arrests Brooklyn man in Mount Vernon robbery, homicide

FBI arrests Brooklyn man in Mount Vernon robbery, homicide

2:19
Rent hikes may be coming for tenants in rent-stabilized apartments

Rent hikes may be coming for tenants in rent-stabilized apartments

2:23
Survivors of childhood sexual abuse, community advocates file over 150 lawsuits accusing staff at juvenile facilities

Survivors of childhood sexual abuse, community advocates file over 150 lawsuits accusing staff at juvenile facilities

1:33
NYPD: Man wanted for robbing Mott Haven deli at gunpoint

NYPD: Man wanted for robbing Mott Haven deli at gunpoint

1:57
Pelham Parkway dialysis center closing soon, leaving patients angered

Pelham Parkway dialysis center closing soon, leaving patients angered

2:32
Transportation Alternatives: 2024 was the deadliest start to a year since start of Vision Zero

Transportation Alternatives: 2024 was the deadliest start to a year since start of Vision Zero

1:36
Residents say they feel unsafe after bricks fell from their building

Residents say they feel unsafe after bricks fell from their building

1:28
Multiplex Cinema in Concourse Village set to close; BP Gibson says mall owners mull another theater

Multiplex Cinema in Concourse Village set to close; BP Gibson says mall owners mull another theater

1:13
Police: Wanted suspect linked to overnight shooting of teen in Claremont Park

Police: Wanted suspect linked to overnight shooting of teen in Claremont Park