New York City Invests $100 Million in Climate Innovation Hub at Brooklyn Navy Terminal
New York City is making significant strides in addressing the climate crisis through technology and innovation. The New York City Economic Development Corporation (NYCEDC) has announced a major investment of $100 million into BATWorks, a new climate innovation hub aimed at fostering sustainable development.
Strategically located at the Brooklyn Navy Terminal, this dynamic hub is projected to generate 600 jobs, support 150 startups over the next decade, and bring in over $2.6 billion in revenue for the city. The facility will span 150,000 square feet and is designed to serve not just emerging companies but also the local community through various programming initiatives.
Andrew Kimball, CEO of NYCEDC, emphasized the multifaceted benefits of the hub, stating, “This will be about 150,000 square feet of really dynamic space that’s activated not just for the companies, but for community programming… providing new tenant opportunities and jobs will be immense.”
Currently operating in a temporary location, BATWorks is anticipated to shift to its permanent space by 2028. The hub is part of NYCEDC’s broader efforts to revitalize Brooklyn and promote sustainable economic growth amid the ongoing climate challenge.
Community engagement is a crucial component of this initiative, as reflected in NYCEDC’s commitment to foster local development. News 12 is dedicated to covering the latest developments in Brooklyn, providing essential information to support the borough’s revitalization efforts.
For further insights into this innovative project, visit the NYCEDC website.
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