Paperless Post To Expand and Create 76 New Jobs
NYCEDC and Empire State Development (ESD) announced that Paperless Post, an innovative online communication design company, will relocate and expand its operations to Lower Manhattan. The company has outgrown its old space, and will move to 115 Broadway in Lower Manhattan in September 2013. The expansion will create 76 new jobs and retain 51 existing positions.
“Today’s most innovative startups are putting Lower Manhattan on the map as a vibrant place to headquarter a 21st Century company. I would like to congratulate Paperless Post on its expansion, which will contribute to the continued revitalization of the neighborhood.” - NYCEDC Executive Director Kyle Kimball
Paperless Post is currently located in a 7,000 square foot facility on West 25th Street in Midtown Manhattan. The new building will provide an additional 5,500 square feet of space, allowing the company to accommodate for increased demand and additional employees as it continues to grow. In just four years, Paperless Post has already outgrown three offices.
NYCEDC and ESD jointly offered Paperless Post $455,000 in World Trade Center Job Creation & Retention Program funds (“JCRP”) to help the company expand and add new jobs. The JCRP program encourages companies to relocate to Lower Manhattan and create at least 75 new jobs. In addition, in March, Paperless Post was selected as one of the winners—from more than 300 applicants—of NYCEDC’s “Take the H.E.L.M.: Hire + Expand in Lower Manhattan,” a competition sponsored by the Lower Manhattan Development Corporation which encourages creative and innovative businesses to open a new office or expand an existing office in Lower Manhattan and to encourage growth and diversification of the area’s economy. Paperless Post was selected as the winner of the “Technology Track” and awarded $250,000 to assist their move and expansion.
Find out more about Take the H.E.L.M. competition and apply for the second round by July 15, 2013.