IN CASE YOU MISSED IT

New York City Mayor Eric Adams, along with New York City Economic Development Corporation (NYCEDC) president and CEO Andrew Kimball, announced the release of a new Green Economy Action plan, which includes almost US$1 billion of investments into climatefocused construction and infrastructure projects.

Referred to as a ‘first-of-its-kind’ scheme, the plan serves as a roadmap for New York City’s (NYC) fight against climate change and its goal of a greener economy.

“The Green Economy Action Plan delivers the first forecasting of New York City’s green economy and job growth through 2040,” stated the NYCEDC.

“New York City’s green economy will host nearly 400,000 jobs by 2040 – up from 133,000 today. The plan identifies key occupations that are essential to growing the green economy and highlights 21 occupations that provide pathways to economic mobility, many of which do not require higher education degrees.”

The Green Economy Action plan includes the creation of a “Climate Innovation Hub” at the Brooklyn Army Terminal for “business development, incubation, and research commercialisation.”

According to NYCEDC, the hub will be able to house 150 startups over a ten-year period with goals of building and prototyping products, providing business support, and carrying out product research and development.

Mayor Adams said the city plans to invest up to $100 million in the Climate Innovation Hub. Across three campuses, the initiative aims to support 5,000 new and permanent jobs while educating and training 2,100 New Yorkers across various industries.