New York City is seeing a surge in business creation since the pandemic began.
According to the snapshot from the NYC Economic Development Corporation, 73,900 new small businesses have been formed from January 2022 through Q3 2024. Of those, 23,400 businesses – or one in eight – were started in the past calendar year.
The owners of two of those recently opened businesses and business experts spoke with CBS News New York about what you need to know to get your business started.
“That definitely changed the whole game”
NYCakes Boutique opened in Long Island City in November 2024, but it came nine years after Martin Miranda gifted his wife (and co-owner) a cake decorating class. From cakes designed like a Louis Vuitton bag, to larger-than-life Quinceañera cakes, to a divorce cake – the couple makes it look easy to build a masterpiece from scratch.
Until they opened the showroom, they’d been operating out of rented kitchens and even their home.
“We were not really familiar with what to do in terms of licensing and paperwork,” Miranda said.
