Navy Yard Receives Two Job-Creation Grants

A Wall Street Journal article today reported that $738 million in state economic development grants were awarded for projects with the potential to create jobs around New York, with $51.4 million going toward 50 projects in New York City. The Brooklyn Navy Yard received two of those grants. The first is for $5 million toward converting the old hospital building at the Navy Yard into a media campus for Steiner Studios. (Here are all the details on the green renovation happening at the former hospital building, pictured above.) Another $1.25 million will go to the New York City-based real estate development firm Macro Sea Inc. They plan to establish a center at the Navy Yard’s green manufacturing building, although there aren’t any details on what exactly the center will be.
Job-Creation Awards Made in N.Y. [WSJ]
Photo by David Berkowitz