For the growth of the city’s economy, the mayor’s office and other organizations announced this Thursday the Green Economy Action Plan, which will be of vital importance for the creation of a new “Climate Innovation Center.”
Mayor Eric Adams, New York City Economic Development Corporation (NYCEDC) President and CEO Andrew Kimball, and Office of Talent and Workforce Development (NYCTalent) CEO Abby Jo Sigal , announced the one-of-a-kind project that establishes a roadmap to grow the city’s green economy.
The plan will invest in jobs and sectors that will help the city combat climate change and train and position New Yorkers, particularly those from environmentally disadvantaged communities, to benefit from the nearly 400,000 “green” jobs projected in New York City by 2040.
“Our city did not recover the nearly million jobs we lost during the pandemic or reach a new high for private sector jobs looking back; We did it by building an economy of the future. And we must leverage all our resources to protect our city from the effects of climate change,” Mayor Adams said in a statement.
They will create “Climate Innovation Center”
Central to this plan is the creation of a new “Climate Innovation Center” at the Brooklyn Army Terminal, which will help grow green technology startups and companies, and will join with the Trust for Governors Island and the Brooklyn Navy Yard Development Corporation to create a three-campus green economy ecosystem that will support 5,000 new permanent jobs, educate and train 2,100 New Yorkers, and generate $55 billion in economic impact.
The Green Economy Action Plan delivers on another promise from Mayor Adams’ State of the City address and builds on his commitment to investing in future-focused industries and creating a “Port of the Future” with hubs of employment and innovation within along the East River.
The project provides the first forecast of New York City’s green economy and job growth through 2040. New York City’s green economy will be home to nearly 400,000 jobs by 2040 (up from 133,000 today) as it becomes the anchor of a prosperous, equitable economy and just future for New Yorkers, while advancing the city’s ambitious goals to reduce the threats the city faces due to climate change.
The plan identifies key occupations that are essential to growing the green economy and highlights 21 occupations that provide pathways to economic mobility, many of which do not require higher education degrees.
NYCEDC will invest up to $100 million to develop a Climate Innovation Center at the Brooklyn Army Terminal. This new space will accelerate commercialization pathways for climate technology startups and other green economy companies. It will serve 150 new companies over 10 years, generating $2.6 billion in economic impact and creating 600 jobs, while providing local workforce training and job placement, particularly for the local Sunset Park community.
Climate tech companies are a particularly bright spot within New York City’s green business landscape. In 2022, the city metropolitan area was the third largest climate technology ecosystem in the country, with 179 active climate technology companies and venture capital investments, reaching almost $4 billion in 2021.
2024-02-29 19:21:49
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