More than 200,000 people live in a 3.5 mile long by three-quarter mile wide area that historically has served as the locus of settlement for waves of new immigrants.
Data from the 2000 census indicate that persons of Hispanic origin, primarily Dominican immigrants, are by far the largest ethnic group numbering 75% of the total population.
The number of people living in Northern Manhattan has grown rapidly, more than three times the rate of
Today, after years of neglect, a robust immigrant enclave is giving new life to
Spending by young Latino families, the fastest growing consumer market has spawned a solid base of small business success. However, a critical lack of access to small business loans and investment capital, as well as the insufficient technical expertise of owners, continue to be major barriers to the much-needed expansion of local businesses into more mainstream markets. Overcoming these barriers will require unified strategies and programs offering financial, technical assistance and capacity building for small businesses. The long-term viability of these strategies relies on building partnerships and innovative linkages between institutions and emerging businesses to expand into new markets.