New York's Green Manufacturing Sector Gets Support from Commerce Department Investment
June 23, 2010
Contact: John Atwood, (202) 482-4085
Brooklyn Navy Yard Development Corporation Receives Funding for Building Renovation
New York, New York - U.S. Deputy Assistant Secretary of Commerce for Economic Development Brian McGowan today announced a $2.5 million U.S. Economic Development Administration (EDA) grant to the Brooklyn Navy Yard Development Corporation of Brooklyn, New York to renovate a Navy Yard building for use by green manufacturers. The project is expected to create 300 jobs and generate $4.4 million in private investment, according to grantee estimates.
"The city of New York and the Borough of Brooklyn recognize the potential that this project has in strengthening the economy and providing quality jobs for local workers," said McGowan. "This EDA investment in the Brooklyn Navy Yard will provide affordable space for green manufacturers to grow and produce new products and technologies for the marketplace."
The grant will be used to renovate Building 128 at the Brooklyn Navy Yard. The renovation project will include the replacement of the existing roof with a new roofing system, complete with skylights, photovoltaic panels, iconic roof vents, and other green infrastructure improvements.
McGowan is in New York this week to highlight EDA investments made to support small business and job growth in the region.
About the U.S. Economic Development Administration (www.eda.gov):
This year, the U.S. Economic Development Administration (EDA) marks 45 years of public service, with a mission of leading the federal economic development agenda by promoting competitiveness and preparing American regions for growth and success in the worldwide economy. EDA is an agency within the U.S. Department of Commerce that partners with distressed communities throughout the United States to foster job creation, collaboration and innovation.