New York City’s recently revealed Green Economy Action Plan includes the goals of the decarbonization of buildings and developing a renewable energy system. (Download the PDF report.)
The ambitious plan includes enabling low-carbon alternatives in the transportation sector and boosting green industries, aiming to create more than 12,000 green economy apprenticeships by 2040. It also funds a $100 million Climate Innovation Hub at the Brooklyn Army Terminal to develop green technology startups and businesses.
The plan will advance building resiliency projects, apartment building retrofits, solar panel and wind turbine installation, and deployment of EV charging stations.
New York City’s Industrial Development Agency will offer tax incentives to activate 500 Megawatts (MW) of battery storage capacity and support other green economy goals.
The plan was driven by quantitative industry analysis and input collected by Buro Happold from more than 100 stakeholders and partners.
Here are highlights of the plan:
Establishing a Climate Innovation Hub: NYCEDC will invest up to $100 million to develop a Climate Innovation Hub at the Brooklyn Army Terminal. This new space will accelerate commercialization pathways for climate tech startups and other green economy businesses. It will serve 150 startups over 10 years — generating $2.6 billion in economic impact and creating 600 jobs — while providing local workforce training and job placement, particularly for the local Sunset Park community.
Creating Green Training Facilities in Every Borough: NYCTalent — in partnership with other city agencies, as well as private partners — will develop a workforce training facility in every borough with programming to train New Yorkers for green-collar jobs. The plan will deliver more than 12,000 green economy apprenticeships by 2040 through efforts such as a green building and construction workforce pilot program on Governors Island to train more than 100 people per year for the first two years.
Activating a Harbor Climate Collaborative: The Brooklyn Navy Yard, NYCEDC, and the Trust for Governors Island are collectively investing $725 million to build a green economy ecosystem across 6-million-square-feet and 72 acres linked by NYC Ferry across New York Harbor. The collaborative will catalyze climate education, research, innovation, commercialization, and workforce development alongside partners from the private and nonprofit sectors. This work will build on a strong foundation of green economy projects such as the 400,000-square-foot New York Climate Exchange, an academic and research consortium anchored by Stony Brook University on Governors Island, and the development of 5-million-square-feet of net-zero manufacturing space at the Brooklyn Navy Yard.
Activating Public Sites for Electric Vehicle (EV) Charging: NYCEDC is activating two acres of land near JFK airport to create the largest EV charging facility in the city, with 65 public EV chargers including 12 rapid ones. The facility is currently estimated to charge 1,000 vehicles per year, with potential for growth depending on market demand. The Brooklyn Navy Yard is also installing over 80 EV chargers across its 300-acre campus, including infrastructure for commercial fleet charging and a dedicated public lot for neighboring residents. Together, these investments constitute some of the largest investments in EV infrastructure in outer borough job centers in New York City to date.
Creating Tax Incentives for Battery Storage: NYCEDC will utilize New York City's Industrial Development Agency tax incentives to activate 500 Megawatts (MW) of battery storage capacity and support other green economy uses. To date, the Industrial Development Agency has induced 200MW of storage capacity that is expected to come online in the coming years and generated nearly $500 million of private sector investment. Unlocking additional storage capacity will ultimately drive a stronger and more efficient renewable energy sector.
Related Stories
Multifamily Housing | Mar 14, 2023
Multifamily housing rent rates remain flat in February 2023
Multifamily housing asking rents remained the same for a second straight month in February 2023, at a national average rate of $1,702, according to the new National Multifamily Report from Yardi Matrix. As the economy continues to adjust in the post-pandemic period, year-over-year growth continued its ongoing decline.
Contractors | Mar 14, 2023
The average U.S. contractor has 9.2 months worth of construction work in the pipeline, as of February 2023
Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 9.2 months in February, according to an ABC member survey conducted Feb. 20 to March 6. The reading is 1.2 months higher than in February 2022.
Healthcare Facilities | Mar 13, 2023
Next-gen behavioral health facilities use design innovation as part of the treatment
An exponential increase in mental illness incidences triggers new behavioral health facilities whose design is part of the treatment.
Mixed-Use | Mar 11, 2023
Austin mixed-use development will provide two million sf of office, retail, and residential space
In Austin, Texas, the seven-building East Riverside Gateway complex will provide a mixed-use community next to the city’s planned Blue Line light rail, which will connect the Austin Bergstrom International Airport with downtown Austin. Planned and designed by Steinberg Hart, the development will include over 2 million sf of office, retail, and residential space, as well as amenities, such as a large park, that are intended to draw tech workers and young families.
Performing Arts Centers | Mar 9, 2023
Two performing arts centers expand New York’s cultural cachet
A performing arts center under construction and the adaptive reuse for another center emphasize flexibility.
Industry Research | Mar 9, 2023
Construction labor gap worsens amid more funding for new infrastructure, commercial projects
The U.S. construction industry needs to attract an estimated 546,000 additional workers on top of the normal pace of hiring in 2023 to meet demand for labor, according to a model developed by Associated Builders and Contractors. The construction industry averaged more than 390,000 job openings per month in 2022.
Building Team | Mar 8, 2023
Call for Speakers: BD+C’s 2023 Women in Residential + Commercial Construction Conference
The 2023 Women in Residential + Commercial Construction conference event will take place October 25-27 in Nashville, Tenn., and will bring together more than 300 women leaders from all facets of the $1.4 trillion U.S. residential and commercial constructing sector.
Multifamily Housing | Mar 7, 2023
Multifamily housing development in Chicago takes design inspiration from patchwork and quilting
HUB 32, a 65-unit multifamily housing development, will provide affordable housing and community amenities in Chicago’s Garfield Park neighborhood. Brooks + Scarpa’s recently unveiled design takes inspiration from the American tradition of patchwork and quilting.
Industrial Facilities | Mar 6, 2023
The largest planned logistics and business park in North America gets under way in Southern California
The $25 billion World Logistics Center will boost the supply chain capabilities of Southern California and will serve as a distribution center for destinations across the continent.
Adaptive Reuse | Mar 5, 2023
Pittsburgh offers funds for office-to-residential conversions
The City of Pittsburgh’s redevelopment agency is accepting applications for funding from developers on projects to convert office buildings into affordable housing. The city’s goals are to improve downtown vitality, make better use of underutilized and vacant commercial office space, and alleviate a housing shortage.
