April 30, 2021 finance & economy
Mayor de Blasio Joins Brooklyn Navy Yard Development Corporation, Nanotronics & New York State to Open High-Tech Manufacturing Center
Mayor de Blasio today joined the Brooklyn Navy Yard Development Corporation (BNYDC), Nanotronics, Empire State Development (ESD) and CUNY's Medgar Evers College for a ribbon-cutting ceremony to celebrate the opening of the company’s flagship manufacturing center located in the Navy Yard's historic Building 20, a 150-year-old former shipbuilding factory. The opening reinforces the Navy Yard’s mission to anchor the rebirth of urban manufacturing, create sustainable urban manufacturing jobs and grow the modern industrial sector in New York City, and comes as the city is focused on reopening and getting New Yorkers back to work. The project was primarily funded through $3.25 million from the City of New York and a $2.25 million Regional Economic Development Council capital grant through ESD in exchange for a commitment of 190 jobs.