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 industrial sections and jobs remain intact. Mayor Bill de Blasio

News 12 Staff

Nov 4, 2015, 2:49 AM

Updated 3,083 days ago

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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 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.


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