The New York City Economic Development Corp. (NYCEDC) announced Thursday that TechShop, an open-access makerspace, has been selected to operate a 15,000-square-foot advanced manufacturing center at the Brooklyn Army Terminal in Sunset Park.
This shared workspace will form the foundation of Futureworks NYC, a network of programs and resources to support the advanced manufacturing sector announced last November. TechShop Brooklyn will provide small manufacturing firms with affordable access to the industrial tools and equipment and a suite of a support services necessary to grow their projects. It’s expected to create more than 500 jobs in its first five years, attract $200 million in investment and help launch more than 200 new industrial businesses.
“We launched Futureworks to ensure the greatest city in the world remains the greatest place to make things and to grow a 21st century industrial business,” Mayor Bill de Blasio said in a statement. “This advanced manufacturing center is the linchpin of our Futureworks initiatives and we couldn’t be more excited that TechShop is bringing their global experience and expertise to make sure it’s a tremendous success.”
“We are experiencing a manufacturing renaissance in New York City that is driven by the talents of our creative entrepreneurs, makers and inventors,” NYCEDC President Maria Torres-Springer said. “Our new partnership with Tech Shop will democratize access to the state-of-the-art tools, equipment and workspaces necessary to not just support our city’s manufacturers but also position New York City at the forefront of advancing manufacturing.”
TechShop, which currently operates in 12 cities worldwide, has helped launch hundreds of businesses with a combined worth of more than $6 billion and responsible for thousands of jobs.
Dan Woods, chief executive of TechShop, noted, “TechShop’s vast experience in safely and effectively managing world-renowned makerspaces will enable Futureworks NYC to fuel the birth of new products, companies and jobs and to deliver transformational experiences to the people and communities of Brooklyn.”
Additional components of FutureWorks NYC include a virtual incubator to help launch and scale product start-ups, business extension services to teach traditional manufacturing firms about new technologies, and grants that offset costs associated with establishing new operations.
New and current investments are expected to generate more than 20,000 new jobs and support New York City’s existing 530,000 manufacturing and industrial jobs.