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Representing over 15% of all private sector employment, the industrial sector remains a cornerstone of the New York City economy and continues to be a vital source of well-paying jobs.
The Industrial Desk, housed in NYCEDC's Center for Economic Transformation (CET), oversees the implementation of initiatives to support the industrial sector and to evaluate and coordinate citywide industrial policy on behalf of the Administration.
The Mayor announced a comprehensive action plan to modernize the City’s industrial policy and propel the sector into the next era of global innovation and commerce. The Industrial Action Plan includes the creation of a $150 million loan and grant fund to spur the development of affordable industrial and manufacturing space; $37 million to support 36,000 existing jobs and 13,300 new innovation economy jobs in Sunset Park; and up to $10 million to create a state-of-the-art advanced manufacturing center. View the press release of the announcement.
A key initiative of the Mayor’s action plan is the launch of an advanced manufacturing network, Futureworks NYC, including the creation of a new Advanced Manufacturing Center: NYCEDC’s industrial desk will leverage up to $10 million in both public and private resources for the creation of an Advanced Manufacturing Center, which will provide as much as 40,000 square feet of shared workspaces and equipment, such as 3D printers and robotics, for both new entrepreneurs and established manufacturers looking to modernize their operations. The Center will serve as the cornerstone of a new $3 million Advanced Manufacturing Network called “Futureworks NYC” bringing together industry and community stakeholders to drive new services and investments to better support 21st century manufacturing jobs. It will feature a network of city-wide resources that includes grants to advanced manufacturing start-ups, virtual incubator services to connect emerging firms to support programs, business extension services to help mature firms adopt new technologies, and workforce training programs. Futureworks NYC and the Advanced Manufacturing Center will directly support over 3,000 jobs.
A Comprehensive Approach to Growing 21st Century Industrial and Manufacturing Jobs
The Mayor has announced a 10 Point Action Plan which represents an expansion of Industrial & Manufacturing Policy and a means to propel the sector into the next era of global innovation and commerce. This includes more than $200 million in investment to spur development of new industrial space across the five boroughs and help Industrial and Manufacturing Firms start, grow, and thrive in NYC.
New York City’s industrial and manufacturing sector employs 530,000 people, or 15.4 percent of the city’s private sector workforce. The sector is an important pathway to the middle class for many families, with median wages of $50,400 a year. In addition, more than 328,000 jobs in the sector (61.5 percent) are located outside Manhattan, 62 percent of the workforce is minority, and nearly half are foreign-born. And approximately 63 percent of industrial and manufacturing sector jobs are available to individuals who do not have a college degree.
The 10 Point Action Plan Falls into Three Categories
I. Protecting and Strengthening Core Industrial Areas
To protect the kinds of industrial and manufacturing activities that are a critical component of a strong economy, the Mayor and Council reaffirm the City’s commitment to strengthening and investing in the city’s core industrial areas, while limiting residential development and other non-industrial uses.
1. Invest in City-Owned Industrial Assets
2. Limit New Hotels and Personal Storage in Core Industrial Areas to Reduce Use Conflicts and Support Economic Growth
3. Create New Models for Flexible Workspace and Innovation Districts
4. Strengthen Core Industrial Areas
II. Investing in the Long-Term Development of Industrial and Manufacturing Businesses
The City will target investments to create and rehabilitate affordable, modern industrial space, while also providing key support services that these businesses need to start, grow, and thrive in the five boroughs.
5. Create an Industrial and Manufacturing Fund to Spur Development
6. Launch Advanced Manufacturing Network “Futureworks NYC,” including Creation of New Advanced Manufacturing Center
7. Expand Brownfields Jumpstart Program to Industrial Properties
8. Re-launch Industrial Business Solutions Providers Network
III. Preparing New Yorkers for the Industrial and Manufacturing Jobs of the Future
To meet the growing demand for high-skilled labor, the City will invest significant resources to train New Yorkers for 21st century jobs in the industrial and manufacturing sector.
9. Create Industry Partnerships to Bolster Workforce Development
10. Establish Career Centers in IBZs
In 2005, the Industrial Business Zones (IBZs) were created to stabilize primarily industrial areas in the Bronx, Brooklyn, and Queens. New IBZs were created in both Staten Island and Queens. The designations of these areas as IBZs foster high-performing business districts by creating competitive advantages over locating in areas outside of New York City. The IBZs are supported by tax credits for relocating within them, zone-specific planning efforts, and direct business assistance from Industrial Providers of NYC Business Solutions Industrial & Transportation.
Residential uses are currently not permitted in IBZs, and any applications for land use changes that affect IBZ areas would be carefully considered in the context of the Administration’s economic development goals, and would require a clear land use rationale and full public review process. The Administration and Department of City Planning will continue to work to strengthen core industrial areas in IBZs through zoning and City initiatives that support industrial businesses.
View the boundaries of the 21 Industrial Business Zones on the Ratified IBZs pdf.
The Industrial Business Zone boundaries have been modified. For more information please visit the Industrial Business Zone page.
The Industrial Desk authored a October 2013 State of Local Manufacturing report that matches definitions, data, and local context to broad, ongoing conversations about manufacturing and manufacturing jobs.
NYC Business Solutions Industrial & Transportation is a set of services offered by the Department of Small Business Services to help manufacturing, construction, transportation and wholesale businesses operate and expand in New York City. In order to provide the most tailored support, each IBZ has a specific service provider assigned to cover it.
Whether you’re a small business owner who needs a loan to purchase new equipment, a manufacturer looking for quality production or supervisory staff, or a growing company that needs licensed drivers, NYC Business Solutions Industrial & Transportation can work for you—for free. Their services include: financing assistance, recruitment, incentives assistance in navigating government, training, M/WBE certification, business courses, legal assistance, selling to government, and reaching new customers.
Their teams, located across all five boroughs, have the industry experience and resources to address the challenges you face. To learn which industrial provider serves your geographic location, please visit NYC Business Solutions Industrial & Transportation.
New York City industrial firms may be eligible for a variety of tax incentives, financing tools and workforce development programs. These incentives range from energy savings and real estate to job creation and business relocation.
To see which financing and incentives opportunities are appropriate for your business, please visit NYCEDC's Financing and Incentives page. For an overview of the many incentives for all of New York City's small businesses, please visit NYC Business Solutions Incentives overview.