New York City Regional Economic Development Council Announces Major Manufacturing Facility Coming to Long Island City
The New York City Regional Economic Development Council (NYCREDC) today announced Shapeways, a leading global 3-D printing company, has agreed to build a major manufacturing facility in Long Island City and create 50 new manufacturing jobs. The move to their new 25,000-square-foot factory - known as the "Factory of the Future" - was assisted by a $200,000 Excelsior Tax Credit award from Governor Andrew M. Cuomo's Regional Council initiative.
"Shapeways' decision to make Long Island City their manufacturing headquarters is great news for our region," said Matthew Goldstein, Regional Council Co-chair and Chancellor of The City University of New York. "The message from Governor Cuomo is clear: if you bring jobs to New York, we will help you to succeed. Today's announcement is proof that that message has been received."
"The Factory of the Future builds on New York's proud tradition of manufacturing excellence by creating the jobs of tomorrow starting today," said Empire State Development President, CEO & Commissioner Kenneth Adams. "Under Governor Cuomo's leadership, high-tech, cutting-edge companies, like Shapeways, are choosing to bring their business and jobs to New York."
In addition to the creation of 50 new jobs, Shapeways will invest more than $28 million in purchasing, renovating and equipping their "Factory of the Future," which is en route to becoming the biggest consumer-facing 3D printing manufacturing facility in the world.
As part of its strategic plan submitted to the State in 2011, the NYCREDC identified Long Island City as an "opportunity zone" - an area poised for significant economic growth in the coming years. One of the sectors the NYCREDC has targeted for growth in these opportunity zones is advanced manufacturing.
Senator Michael Gianaris said, "Shapeways' 'Factory of the Future' is a welcome addition to our neighborhood, bringing new jobs and increasing Long Island City's prominence as a hub for technology, business growth and economic development. I thank Governor Cuomo, Mayor Bloomberg and the Coalition for Queens for their efforts to build the tech industry in western Queens and look forward to welcoming more job-creating companies like Shapeways to our community."
"Today's news that Shapeways printing company has decided to move to Long Island City is an exciting development for our community," said Assemblywoman Catherine Nolan. "This new addition to our community will help to bring new jobs to our growing community. I want to thank Governor Andrew Cuomo and his Regional Council initiative for helping to bring this leading global 3-D company to Long Island City."
Shapeways' facility will offer a significant opportunity to foster design, manufacturing and sales employment related to this cutting-edge technology. In addition, early indications suggest that this technology can spur innovation in more traditional production methods such as injection molding, and reduce the cost of short-run manufacturing in these processes as well. Slated to be fully operational in January 2013, Shapeways' factory will house 30 to 50 industrial-size 3-D printers. There will also be a Shapeways Lab dedicated to research and development of new materials, post-production techniques, and community experimentation.
"When we opened the doors to Shapeways' NYC office in December 2010, we had big dreams of eventually having a manufacturing facility close by," said Peter Weijmarshausen, Shapeways CEO & Co-Founder. "New York has always been at the forefront of technology and design, so we're thrilled to open our Factory of the Future in Long Island City and bring the future of manufacturing to NY."
In the first round of the Regional Council initiative, New York City was awarded $66.2 million in state support through the Regional Economic Development Council initiative and CFA process for 50 projects across the region. Shapeways was awarded funding as part of the initiative.
To learn more about each regional council and their economic development plans, visit www.regionalcouncils.ny.gov. For information on how the New New York is working for business, please visit www.thenewny.com.