BK business owners struggle in harsh economy

DUMBO's economy has been strong in recent years, but it is beginning to show signs of weakness as businesses prepare for the fallout from recent

BROOKLYN - DUMBO's economy has been strong in recent years, but it is beginning to show signs of weakness as businesses prepare for the fallout from recent economic failures.

The owner of DUMBO Pet Care recently cut jobs and downsized the retail portion of the business while reducing hours to trim overhead.

Many businesses, meanwhile, are avoiding drastic changes and maintaining a holding pattern to see which way the fiscal pendulum swings. Larry Leonardi, of Front Street Pizza, for instance, says business is running as usual.

A few are even hopeful about the coming months. Micheal De Zayas, owner of Neighbor Hoddies, a custom clothing shop, plans for growth and just hired new staff for the holiday season, the success or failure of which will lend many local business owners a strong hand in predicting the economic future of the area.

advertisement | advertise on News 12

Trending Video

The victims, both males, are 15 and 18 1 The Buzz: East 55th Street shooting
A group of Brooklyn children marched on Borough 2 BK kids march in protest of travel ban
The We Are the Resistance fundraiser allowed artists 3 Fundraiser highlights works of female 'resistance' artists
Animal rights activists continued to protest outside the 4 Protesters gather outside Ringling Bros. Circus
Police say a man robbed a medical supply 5 Police: Man beat employees during Brownsville robbery

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE