Since 1997, NYCEDC has played a major role in revitalizing the 100-acre East New York Industrial Business Zone (IBZ).
Through the sale of 30 formerly City-owned vacant properties to industrial businesses, more than 625 jobs have been created and more than $25 million in private investment has been generated.
In June of 2009, Comfort Bedding closed on a vacant 10,000 square foot site in the East New York IBZ that was adjacent to their current headquarters. The company plans on constructing a new 10,000 square foot facility that will allow Comfort Bedding to expand its capabilities and the project is expected to create more than 15 construction jobs and 10 permanent jobs. The total cost of the Comfort Bedding project is estimated to be $1.7 million.
In total, the East New York IBZ is home to 45 industrial and manufacturing businesses that provide more than 1,000 industrial and manufacturing jobs. Key industrial subsectors represented in the IBZ include steel and metal fabrication, transportation, warehouse/distribution, woodworking and vinyl manufacturing.