$20 Million Investment Will Create High-Quality, Long-Term Jobs and Establish New York City as Global Leader in Leading-Edge Industry

Incubator Will Cultivate Growing Life Sciences and Biotechnology Industries at Yard

New York City Mayor Eric Adams, New York City Economic Development Corporation (NYCEDC), and the Brooklyn Navy Yard Development Corporation today announced that the city will open a first-in-the-nation $20 million center for sustainability-focused biotech in Building 303 at the Brooklyn Navy Yard in partnership with Newlab, the Partnership Fund for New York City, and Empire State Development. The 50,000-square-foot innovation space is expected to open in 2025 and advances Mayor Adams’ efforts to make New York City the global center of sustainable technology by leveraging the city’s growing life sciences and biotechnology industries.