Stories of Technology, Innovation, & Entrepreneurship in the Southeast

Knoxville Business News Tennessee Mountain Scenery Background
February 07, 2024 | Tom Ballard

New York City investing $100 million in a Climate Innovation Hub

The new hub is part of the "Harbor of the Future" project that is expected to create 53,000 temporary and permanent jobs across the city and generate $95 billion.

New York City will invest $100 million in a new Climate Innovation Hub at the Brooklyn Army Terminal, Mayor Eric Adams announced during his recent State of the City address.

“This hub will bring business development, incubation, and research to a four million square foot campus, turning Sunset Park into a center for clean tech innovation and manufacturing,” Adams said.

As described in this article from Brooklyn Paper, the funding is part of a larger city project dubbed “Harbor of the Future,” intended to bring state-of-the-art technology to the city’s shorelines, from the Bronx to Staten Island. New climate and science-focused projects are slated to be built at Hunts Point Market, Kips Bay, on Governors Island, on the North Shore of Staten Island, and at the Brooklyn Army Terminal and the Brooklyn Navy Yard, Adams said.

The Navy Yard “will provide new spaces for start-ups that will take us into the future of sustainability and green tech. Really exciting projects,” Adams said.

The “Harbor of the Future” project is expected to create 53,000 temporary and permanent jobs across the city and generate $95 billion. It is part of the new Green Economy Action Plan, which was also announced during the State of the City. That plan aims to bring five million green jobs to New York City by 2025.

For readers interested, here’s a link to the full transcript of Mayor Adams’ speech. The “Harbor of the Future” and Climate Innovation Hub are about midway in his speech.

Like what you've read?

Forward to a friend!

Don’t Miss Out on the Southeast’s Latest Entrepreneurial, Business, & Tech News!

Sign-up to get the Teknovation Newsletter in your inbox each morning!

  • This field is for validation purposes and should be left unchanged.

No, thanks!