Bay Ridge Federal Credit Union VP says NYC’s economy is looking up
The city’s economy is getting a lot better and its growth will strengthen this year, a financial expert is predicting.
Anthony Grigos, executive vice president of the Bay Ridge Federal Credit Union, delivered that good news to a ballroom filled with the neighborhood’s movers and shakers who gathered for a party hosted by the credit union at the Bay Ridge Manor Catering Hall April 2.
“Clearly, the economic activity is on the rise, especially in New York City. New York City employment shows a very strong recovery. New York State is in tune with the rest of the country. And there is vey encouraging data on our home values. There has been an upswing over the past two years,” said Grigos, who used data from the Federal Reserve for his presentation.