New York City plans to invest $100 million to create a new Climate Innovation Hub at the Brooklyn Army Terminal and create thousands of green jobs, according to the city's Green Economy Action Plan released Wednesday.
The city announced its roadmap to help combat climate change, which will help create about 400,000 ‘green-collar’ jobs in New York City by 2040, according to a press release.
Critical to this plan is the Climate Innovation Hub at the Brooklyn Army Terminal, which will help grow green technology startups and businesses. New York City Economic Development Corporation (NYCEDC) will invest up to $100 million to develop a space that will accelerate commercialization pathways for climate tech startups and other green economy businesses.
It will serve 150 startups over 10 years, while providing local workforce training and job placement, particularly for the local Sunset Park community.
The Brooklyn Navy Yard, NYCEDC, and the Trust for Governors Island are collectively investing $725 million to build a green economy ecosystem called the Harbor Climate Collaborative that spans 6-million-square-feet and 72 acres linked by NYC Ferry across New York Harbor. The investment across three campuses will support 5,000 new permanent jobs, educate and train 2,100 New Yorkers, and generate $55 billion of economic impact.
“There is no better location for innovation than at the historic Brooklyn Army Terminal, located on the waterfront in the heart of Sunset Park, which is turning into a center for clean tech innovation and manufacturing," said NYCEDC President and CEO Kimball.
The collaborative will catalyze climate education, research, innovation, commercialization, and workforce development alongside partners from the private and nonprofit sectors. This work will build on a strong foundation of green economy projects such as the 400,000-square-foot New York Climate Exchange, an academic and research consortium anchored by Stony Brook University on Governors Island, and the development of 5-million-square-feet of net-zero manufacturing space at the Brooklyn Navy Yard.
