News NYC's small businesses increase in numbers but barely any expand, report says Customers visit Jack's Bait and Tackle in City Island on Friday, Sept. 5, 2014. City Living neighborhood feature on City Island. Photo Credit: Jeremy Bales By IVAN PEREIRA firstname.lastname@example.org @IvanPer4 November 3, 2014 3:34 PM Print Share fbShare Tweet gShare Email A report released Monday found that the city's small business sector saw a major boom in the last decade, but the success didn't help mom-and-pops grow in size. The Center for an Urban Future said businesses with five or fewer employees grew by 82.1% between 2000 and 2013. The think tank said during the same period, few of those mom-and-pops expanded into medium and large businesses and, as a result, New York's economy is suffering. "There is much that city economic development officials can do to support the expansion of more of the city's small businesses," Jonathan Bowles, the executive director of the Center for an Urban Future said in a statement. Bowles said a high price of doing business and fierce competition are what causes the slump in expansion. The report made several recommendations on how to curb the trend including the creation of a city unit where counselors meet with small business owners and give them guidance on how to go beyond their current market. Maria Torres-Springer, commissioner of the city's Department of Small Business Services, agreed that more needs to be done and encouraged entrepreneurs to check in with her agency for assistance. By IVAN PEREIRA email@example.com @IvanPer4 Ivan has been a staff reporter with amNewYork since May 2012 and covers breaking news, politics and enterprise stories. Share on Facebook Share on Twitter Comments Comments section is temporarily on hold. Here’s why.