Brooklyn Navy Yard Makes $46 Million Investment In Green Manufacturing Center, Creating Nearly 300 Jobs
"This project is an example of how the New York City Regional Economic Development Council initiative is helping the state invest in a productive and sustainable innovation economy that will put New Yorkers back to work now and for years to come," Governor Andrew Cuomo said.
"The Brooklyn Navy Yard is an economic success story if there ever was one, and this investment in green manufacturing is more great news for the Navy Yard and for New York City's economy," said Mayor Michael R. Bloomberg. "Today the Navy Yard is home to the kind of innovation that is going to create the jobs of the future and keep our city competitive in the long-term."
"The Green Manufacturing Center, with its lead tenants Crye Precision and Macro Sea, will show the world how to successfully incorporate green manufacturing and sustainable practices into a state-of-the-art facility that will create hundreds of permanent and construction jobs," said Brooklyn Borough President Marty Markowitz.
This major new investment will transform three former Navy ship building machine shops into a 220,000 square foot, multi-tenanted, LEED-certified Green Manufacturing Center.
Anchor tenants include Crye Precision, a body armor and military apparel manufacturer. Caleb Crye, Crye Precision executive director, said, "The Navy Yard has been exactly what our business needed to grow and we are thrilled that our future will remain here. We started here a decade ago with 4,500 square feet, today we're up to 45,000 square feet with more than 100 employees and when the new facility is complete we'll have a more efficient operation with room to grow and add at least 100 new jobs."
A second anchor tenant, Macro Sea, will lease more than 50,000 square feet for its New Lab, a facility that will promote design and manufacturing innovation using the latest in environmentally-conscious processes and machinery.
David Belt, Macro Sea managing principal, said; "New Lab will bring together graduate students, designers, and high-tech manufacturers in a unique space that will encourage innovation and collaboration. The Navy Yard's community of manufacturers represents the future of urban industry and New Lab will seed the next generation of cutting-edge Yard businesses."
A package of New York State and local government funding incentives, making the $46 million redevelopment project possible, included $6 million from Empire State Development, $7.5 million from New York City Council, $2.5 million from the Brooklyn Borough President's office and $2.5 million from the U.S. Economic Development Administration. In addition, Crye was awarded $1 million in Excelsior tax credits from Empire State Development.
Where to Invest in the Booming Aerospace Manufacturing Industry
2019 Auto/Aero Site Guide
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019
Front Line: Manufacturers Look to Nontraditional Locations
A Changing Food Manufacturing Industry
2017 Food Processing
The 3 Cs of Successful Site Selection: Company, Culture, and Community
2019 Gold & Silver Shovel Awards: Recipients Garnered Large Job-Creating and Investment Projects in Diverse Industries