The Queens Economy


The borough of Queens has a growing and vibrant economy that benefits from continued public and private sector investments and actions. Of New York City’s five boroughs, Queens has the second-largest and most diversified economy. Queens has a high concentration of export-oriented jobs (which serve the needs of customers outside the region), and these typically pay higher wages than locally-oriented jobs (which serve the needs of local residents).

Immigration continues to have a distinct role in shaping the economy of Queens. Over half the population of Queens is now foreign-born, a much higher percentage than any other borough in New York City, and many of the borough’s neighborhoods and commercial corridors reflect the rich cultural heritage of their residents.

No single industry dominates Queens. However, the airline industry is a key component of the borough’s economy and serves as a major employer in the neighborhoods surrounding JFK and LaGuardia airports. The health care and social assistance industry is also a major employer in Queens and has been growing steadily in recent years. Two-thirds of all businesses in Queens employ between one and four people, meaning that small borough plays an essential role in the borough’s economic vitality.

The mission of the Queens Economic Development Corporation is to help small businesses.  In view of the Coronavirus, we are taking the following steps:

  • Reboot & Restart is our webinar series commencing May 26.  These  free webinars with experts who will provide advice as businesses prepare to reopen.  
  • The Resource Guide details programs that  assist small businesses.  These include loans, grants and other aid available through Federal, State, City, and Private agencies. The Resource Guide can be accessed here. It is updated as we receive new information.
  • Assistance in filling out applications and all other client services can be done remotely. To request an appointment, email and you will be contacted within 24 hours.  Please know our office in Kew Gardens is closed.
  • The Entrepreneur Space Commercial Kitchen Incubator is fully operational and staff is taking additional steps to ensure that it is a safe environment for our clients. For more information, please call 718 392-0025.
  • The Queens Tourism Council is working with our cultural, recreational, restaurant and sporting communities to support them as best we can.

If you have any questions or concerns please contact us.  Be careful, help those who are vulnerable, wear your mask and wash your hands.


Fuel the Front Lines is an initiative of Acting Queens Borough President Sharon Lee, Queens Night Market and the QEDC to help to meet the needs of front line healthcare workers, other emergency responders, and Queens communities in need through partnerships with local independent restaurants and food businesses. We will fill the urgent need for nourishment while at the same time providing a lifeline to the small businesses that define our neighborhoods. Make your tax-deductible contribution and help us deliver good food made with love by workers in Queens, for people in Queens.