BROOKLYN NAVY YARD DEVELOPMENT CORPORATION
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Mission Statement
BNYDC’s mission is to fuel New York City’s economic vitality by creating and preserving quality jobs, growing the City’s modern industrial sector, and connecting the local community with the economic opportunity and resources of the Yard in order to offer a critical pathway to the middle class for many New Yorkers.
About This Cause
Multiple academic studies and trade journal articles have established the Brooklyn Navy Yard as the new national model for place-based economic development. This model centers on creating a supportive environment for the types of companies that create high quality, accessible jobs, and then ensuring that our local community fully participates in these opportunities. The success of the Navy Yard’s model focuses on three core elements: • Creating a stable and collaborative environment where the City’s manufacturers, designers and tech companies can take root and evolve • Providing a full suite of business services to support tenant businesses’ growth and collaboration • Connecting the local community to the economic opportunities of the Yard through comprehensive workforce development initiatives Together, our three impact areas converge to create the conditions needed to spur the inclusive, industrial growth that will define the 21st century economy. All development and programming at the Navy Yard—the renovation of existing buildings, new construction, educational partnerships, and employment outreach—is in service of creating the conditions for our businesses and the local labor force to thrive. As the Yard grows, BNYDC will facilitate the expansion of key uses that enable the success of the Yard's tenant businesses and support the stabilization and growth of NYC’s industrial sector. As the economic opportunity at the Yard increases, BNYDC will strive to find new and better ways to reach out to and partner with the local community to access these benefits.