Mayor de Blasio says plan will invest $115 million in manufacturing, create 20,000 new jobs

As more luxury and market-rate condos pop up throughout Brooklyn and other parts of the city, a plan is being put in place to ensure

Mayor Bill de Blasio says his new plan to save the industrial and manufacturing industry in New York will create 20,000 new jobs over the next decade.

Mayor Bill de Blasio says his new plan to save the industrial and manufacturing industry in New York will create 20,000 new jobs over the next decade. (11/3/15)

GREENPOINT - As more luxury and market-rate condos pop up throughout Brooklyn and other parts of the city, a plan is being put in place to ensure industrial sections and jobs remain intact.

Mayor Bill de Blasio says his new plan to save the industrial and manufacturing industry in New York will create 20,000 new jobs over the next decade. He says the city is also investing another $115 million in industrial manufacturing through loans and grants for new firms. This brings the city's total investment in the industry to $442 million.

The mayor made the announcement after touring the Greenpoint Manufacturing and Design Center. It's part of a 10-year plan that includes limiting what developers can build at industrial zones to prevent a continual influx of high-end condos and luxury hotels.

Most of the city's investment will be at the Brooklyn Army Terminal, Navy Yard and Sunset Park.

advertisement | advertise on News 12

Trending Video

News 12 hit the streets of Brooklyn to 1 Word on the Street: Leggings on a plane
Jeffrey Rice of Huntington Station will be arraigned 2 DA: Man indicted for violent Thanksgiving home invasion
Police have released surveillance video of a suspect 3 The Buzz: Brooklyn deli shooting suspect
Ray Navarette is among the Long Island Ducks' 4 Legendary LI Duck lands in Bloomingdales with clothing line
Troy Ramey of Sea Cliff competes on NBC's 5 Long Islander competes on 'The Voice'

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE