The Bold Leap: New York's Green Economic Revolution with Brooklyn's BATWorks Hub
NYC's BATWorks aims to revolutionize the cleantech landscape, nurturing 150 startups, creating 600 green jobs, and boosting the economy by $2.6B.
In a monumental step toward fostering a greener future, New York City unveils plans for its innovative climate hub, BATWorks, positioned to change the landscape of urban sustainability. According to Smart Cities Dive, this visionary project aims not merely to be a trendsetter in green tech but to propel the economy with profound impact.
A Hub of Hope and Innovation
Long heralded as a city of dreams, New York is now dreaming greener, with the Brooklyn Army Terminal set to house BATWorks. This 200,000-square-foot climate innovation hub will stand as a beacon of ecological advancement right on the Brooklyn waterfront. The site promises to offer both a physical and metaphorical platform for startups betting big on cleantech.
Andrew Kimball, president and CEO of the New York City Economic Development Corporation (NYCEDC), highlights the transformative potential of this project. “BATWorks is cutting-edge, a key to unlocking opportunities in the city’s green economy, nurturing startups and entrepreneurs who are eager to make a difference.”
Bridging Cities, Bridging Minds
The NYCEDC and Los Angeles Cleantech Incubator (LACI) partnership represents a powerful synergy, merging visions from coast to coast to spearhead climate change solutions. Working with the Cambridge Innovation Center, this consortium aims to set new standards for green entrepreneurship.
LACI, known for its pioneering role in cultivating cleantech innovation, will bring its expertise in climate programming to BATWorks. As part of its Climate Innovation Challenge, LACI will support emergent companies in testing products within the city’s dynamic environment.
A Green Economy Roadmap
Brooklyn’s BATWorks initiative aligns seamlessly with Mayor Eric Adams’ Green Economy Action Plan, which envisions creating 400,000 green jobs by 2040. By 2028, when BATWorks opens its doors, the first wave of companies is expected to drive forward environmental progress while contributing significantly to the economy.
NYCEDC anticipates BATWorks to be more than just a physical space. The hub will pioneer in providing comprehensive support, from workforce training to job placements, ensuring that the New Yorkers are adequately equipped to participate in this green revolution.
An Economic Catalyst
The economic forecasts for BATWorks are as ambitious as its ecological ones. With NYCEDC investing \(100 million, BATWorks is projected to generate an economic impact of \)2.6 billion over a decade, supporting 150 startups and creating more than 600 green jobs. It’s a vibrant promise of sustainability intertwined with economic growth.
Set to break ground this year with an opening slated for 2028, BATWorks stands as a testament to the city’s forward-thinking policies and unwavering commitment to a sustainable future.
In essence, New York City’s investment in BATWorks isn’t just a bet on green technology but a wholehearted commitment to a sustainable and prosperous urban future.