Speaker Quinn & DUMBO BID Plan for Growing Tech Scene

Today, at the sixth annual Polytechnic Institute of NYU’s Leadership Forum and Innovation Think Tank, City Council Speaker Christine C. Quinn, along with Council Members Stephen T. Levin, Letitia James, and Gale Brewer announced $100,000 in funding for a study of the Brooklyn Technology Triangle, a coalition of stakeholders from the DUMBO Improvement District, the Brooklyn Navy Yard, Downtown Brooklyn Partnership, and private companies from the area.

“DUMBO is one of the most sought after locations in New York as digital and creative firms look for space every day,” said Tom Montvel-Cohen, Chair of the DUMBO Improvement District. “They are coming to be part of the existing scene – a rich community of entrepreneurs and creatives. At the same time, the firms that are here are growing rapidly - which is a tremendous opportunity for Brooklyn and the City. However, there is limited space currently available to accommodate the expansion of this sector.  We're working to solve that by looking at every option – from activating underutilized buildings and spaces here in DUMBO to creating transportation links and amenities that will help expand our existing tech cluster up Jay Street to Downtown Brooklyn, over to the Navy Yard and everywhere in between.  Thanks to Speaker Quinn for helping us get started.”

“This study will help us learn how to make the Brooklyn Tech Triangle a more a desirable location for tech companies to set up shop and create jobs,” said Council Speaker Christine Quinn. “I look forward to working with my Council colleagues, NYU-Poly, and the Brooklyn Tech Triangle coalition to leverage the study’s findings to support our goal of making New York City the tech capital of the world.”

The area wide study will help the City determine how to best adapt available commercial space to meet the needs of tech start-ups, develop a strategy to attract new companies, and work with the MTA and other transportation experts to improve transportation within the three neighborhoods.  The study will launch this summer and is also funded by the Brooklyn Navy Yard Development Corporation, Downtown Brooklyn Partnership, and the DUMBO Improvement District.

In preparation for the study, an online survey, developed by the Tech Triangle coalition and conducted by Urbanomics, for technology companies in Brooklyn and around the City is being conducted.  The brief survey aims to better understand the sector by asking about current and future office space needs, growth projections and location expectations.  The survey, which will be up for two weeks, is available at: www.BrooklynTechTriangle.com.

  • “The Brooklyn Tech Triangle, made up of Downtown Brooklyn, DUMBO and the Brooklyn Navy Yard, is the new tech hub of the East Coast,” said Council Member Stephen T. Levin. “By continuing to invest in this growing center of 21st century jobs, it is only a matter of time before we will be the first place people think of when they think of high-tech. This announcement of $100,000 investment is yet another of the many steps we are taking to ensure our success. It is because of the vision of Borough President Marty Markowitz and the commitment of NYU-Poly that we are able to keep moving Brooklyn forward. A special thanks is due to Council Speaker Christine Quinn for allocating money for this study.  Additional thanks for continuing to improve our competitive edge go to the Brooklyn Navy Yard Development Corporation and president and CEO Andrew Kimball, the Downtown Brooklyn Partnership and president Tucker Reed, and the DUMBO Improvement District and its Executive Director Alexandria Sica and Chair Tom Montvel-Cohen. I am very proud to represent high-tech Brooklyn and I remain excited about all the great things coming out of Brooklyn.”
  • “Everyone knows Brooklyn is hot. We at NYU-Poly look forward to advancing Brooklyn’s tech triangle,” said Jerry Hultin, President of the Polytechnic Institute of New York University. “The triangle supports NYU-Poly’s own three-pronged i2e philosophy of invention, innovation, and entrepreneurship. We’ve enjoyed the support of the Downtown Brooklyn Partnership in our expansions bringing more faculty labs and research into MetroTech. In DUMBO, our newly-launched incubator at 20 Jay Street promotes digital media and technology start-up companies. We’ve long looked for ways to collaborate with the Brooklyn Navy Yard and we hope this City Council funding enables it.”
  • “I have no doubt that one day Brooklyn will rival Silicon Valley in terms of high tech ingenuity and the creation of technology sector jobs, and funding the Brooklyn Technology Triangle is yet another step toward getting us there,” said Brooklyn Borough President Marty Markowitz. “Kudos to City Council Speaker Christine Quinn, the Brooklyn Navy Yard Development Corporation and President and CEO Andrew Kimball, the Downtown Brooklyn Partnership and President Tucker Reed, and the DUMBO Improvement District and its executive director Alexandria Sica and Chair Tom Montvel-Cohen for their grand vision in growing the tech sector not only in DUMBO, but throughout Downtown Brooklyn, the Navy Yard and beyond.”
  • “Speaker Quinn has been a key public sector partner in the Navy Yard's emergence as a national model for the creation of sustainable urban industrial jobs," said Andrew Kimball, President and CEO of the Brooklyn Navy Yard Development Corporation.  “As we explore ways to support the rapidly growing high-tech manufacturing sector at the Yard, the Speaker's vision, support, and advocacy is once again critical.”
  •  “By all accounts Brooklyn has the potential to become the East Coast capital of the tech industry in this country,” said Tucker Reed, President of the Downtown Brooklyn Partnership. “It is vitally important to our local economy to ensure that this creative community thrives here. Thanks to Speaker Quinn for helping the Brooklyn Tech Triangle initiative to move forward, we can more effectively work with our public and private partners throughout the greater Downtown Brooklyn area to support this fast growing sector.”

photo via NYU-Poly/Elena Olivo