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New study: $3 billion Economic Impact of the Brooklyn Tech Triangle

Today we’re sharing with you the results of an economic impact study commissioned by the DUMBO Improvement District and our Tech Triangle partners, the Downtown Brooklyn Partnership and the Brooklyn Navy Yard. The numbers speak for themselves: more than 9,000 jobs; $3 billion in economic output; and all of it could double by 2015. We couldn’t be prouder of how this industry is shaping the future of the Brooklyn (and New York) economy.

A few key take-aways:

  • 188 tech/creative firms responded to the survey and DUMBO Improvement District Members made up 83% of them.
  • More than 77% of our firms report that more than half of their employees live in Brooklyn. More than 31% say that 100% of their employees live in Brooklyn. Yah, we love it here too.
  • 99% of firms already here want to stay and grow here and more than 76% of firms not yet here want in. Today the industry occupies 1.7 million square feet of space, primarily here and in the Brooklyn Navy Yard. That number will increase to 3.1 million by 2015. Wow. That’s a lot of demand. We know the market around here is tight already and we’re working to make more space available. Please reach out if you or a startup you know is having trouble finding space.

Check out the stats below and today’s Crain’s article for more on why folks are moving to Brooklyn’s tech hotbed. The full study can be downloaded at BrooklynTechTriangle.com.