Paperless Post, an online communication design company, will relocate and expand its operations to offices in New York City’s lower Manhattan. This September the company will move to 115 Broadway, where its expansion will allow it to create 76 new jobs and retain 51 existing positions. Currently located in a 7,000 square foot facility on West 25th Street in Midtown, the new building will provide an additional 5,500 square feet of space, allowing it to accommodate for increased demand and additional employees as it continues to grow.
“For a company so focused on design, Lower Manhattan is an incredible option because the surroundings are historical and the buildings are beautiful and built with a craftsmanship you don't find anywhere else in Manhattan,” said Paperless Post CEO and cofounder James Hirschfeld.
“As a tech company we grow faster than other companies—every year double in size and it’s important for us that we be in an area that has room to accommodate that growth. Lower Manhattan has more room than any other place in Manhattan that we would want to be,” said Paperless Post cofounder Alexa Hirschfeld.
“Paperless Post is a great brand – and an asset to New York,” said Empire State Development President, CEO & Commissioner Kenneth Adams. “The company’s expansion means new jobs for New Yorkers and further cements the Empire State’s reputation as a place for creative and innovative companies to grow and thrive.”
“Today’s most innovative startups are putting Lower Manhattan on the map as a vibrant place to headquarter a 21st Century company,” said New York City Economic Development Corporation Executive Director Kyle Kimball. “I would like to congratulate Paperless Post on its expansion, which will contribute to the continued revitalization of the neighborhood.”
ESD and NYCEDC jointly offered Paperless Post $455,000 in World Trade Center Job Creation & Retention Program funds to help the company expand and add new jobs. The JCRP program encourages companies to relocate to Lower Manhattan and create at least 75 new jobs. In addition, in March, Paperless Post was selected as one of the winners of NYCEDC’s “Take the H.E.L.M.: Hire + Expand in Lower Manhattan,” a competition sponsored by the Lower Manhattan Development Corporation. The competition encouraged creative and innovative businesses to open a new office or expand an existing office in Lower Manhattan . Paperless Post was selected as the winner of the “Technology Track” and awarded $250,000 to assist their move and expansion.