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

A nor'easter is making its way to the 1 Forecasters: 1 to 3 inches of rain possible on Monday
A press conference was held in Downtown Brooklyn 2 VIDEO: El Chapo extradited and arraigned in Brooklyn
Kilusan Bautista once lived in Crown Heights until 3 NYC man's show puts spotlight on gentrification
Police have made an arrest in connection with 4 Police arrest man accused of hiding body parts at Hunts Point waste station
Witnesses say a 10-year-old boy was struck by 5 Witnesses: 10-year-old hit by car in Brooklyn

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