12,000 square foot Co-Working Space Supported by $1.65 million Grant as Part of Jamaica’s Downtown Revitalization Initiative Award
Shared Workspace Expected to Accommodate up to 80 Local Entrepreneurs, Support an Estimated 255 Jobs
Renderings of the Co-Working Space Can Be Found Here
Governor Andrew M. Cuomo today announced the start of construction on the Greater Jamaica Development Corporation’s Downtown Jamaica Co-Working and Training Facility, which will provide room for up to 80 local entrepreneurs and independent professionals in the heart of Jamaica, Queens. The project is supported by a $1.65 million grant, which was awarded as part of Jamaica’s selection as a Downtown Revitalization Initiative winner. By providing New Yorkers with access to affordable flexible workspaces and business equipment, the project will support Governor Cuomo’s efforts to further build Jamaica into a major economic hub.
“Across New York, the Downtown Revitalization Initiative is transforming communities into engines that help power entire regions’ economies — including right here in Jamaica. This co-working space will bring entrepreneurs from across New York City to Queens and provide a launching pad for our state’s next generation of homegrown businesses,” Governor Cuomo said. “The Greater Jamaica Development Corporation has worked to bring responsible investment to Jamaica for over half a century, and New York State is proud to partner with them on this critical project.”
“With support from our Downtown Revitalization Initiative, Jamaica is poised for transformation with a significant increase in jobs and economic growth,” Lieutenant Governor Kathy Hochul said. “This co-working space will support innovative entrepreneurs and invests in the future of our workforce. The forward thinking projects that are part of the Jamaica DRI will capitalize on the area’s higher education institutions, highlight culture and diversity, and enhance transportation to improve quality of life for residents, workers, students, and visitors.”
President and CEO of the Greater Jamaica Development Corporation Hope Knight said, “The Downtown Revitalization Initiative and previous investments by Cuomo Administration are attracting private investment, development activity and jobs in Jamaica, which has expanded the local economy and created opportunities for local residents and business. Thanks to the Cuomo Administration for its continued commitment to bolstering Southeast Queens.”
In the coming months, the Greater Jamaica Development Corporation will invest $5.1 million to develop a 12,000 square foot co-working space in the Moda Building on Parsons Boulevard. The share workspace will provide flexible workspaces and other business equipment to entrepreneurs, startups, freelancers and others at affordable rates — helping foster a community of ingenuity and business growth in Jamaica, Queens. The space will be able to accommodate up to 80 users, and is expected to support 255 jobs in the local community.
Empire State Development Acting Commissioner and President & CEO-Designate Eric Gertler said, “Smart economic development means ensuring every community has the resources and infrastructure necessary to grow — and that includes spaces like this co-working center, which will give entrepreneurs in Queens a place to start, and expand, their business. We thank the Greater Jamaica Development Corporation for their partnership in making this center a reality and look forward to continuing to support Jamaica’s revitalization.”
Secretary of State Rossana Rosado said, “The Governor’s Downtown Revitalization Initiative is part of the economic engine that is helping Jamaica grow its dynamic downtown area. The Co-Working and Training Facility is an exciting space that will create a new generation of entrepreneurs and businesses to help fuel the local economy.”
Unveiled during Governor Cuomo’s 2016 State of the State address, the Downtown Revitalization Initiative awards $10 million in state funds to ten communities across New York State to develop and implement plans to reinvigorate their downtown economies. Jamaica was announced as the New York City winner during Round I of the initiative in August 2016 and the projects selected to receive state support were announced in July 2017. The project is supported by a $1.65 million performance-based grant from Empire State Development, which will be distributed after GJDC submits verified expenses to the state.
NYCREDC Co-Chair and Partner at Fisher Brothers Winston Fisher said, "The Greater Jamaica Development Corporation has a strong, decades-long track record of delivering for this community, and we are proud to partner with them on this project as part of Jamaica’s Downtown Revitalization Initiative. The new Downtown Jamaica Co-Working and Training Facility will help anchor this community — supporting New Yorkers looking for affordable workspaces, while creating an economic hub that will boost the local economy.”
NYCREDC Co-Chair and President and Chief Operating Officer of the New York Genome Center Cheryl A. Moore said, “Access to affordable workspace is critical for entrepreneurs, freelancers, and startups, and we are excited to work with the Greater Jamaica Development Corporation to enable this sector, while supporting Downtown Jamaica’s revitalization. This co-working space will leverage our Downtown Revitalization Initiative investments to help diversify Jamaica’s economy — helping create a stronger New York.”
Congressman Gregory Meeks said, “I am excited to see construction begin for this much anticipated co-working space in the heart of Jamaica, and thankful for the partnership with the Governor and the Great Jamaica Development Corporation. The economy of southeast Queens is thriving, due in no short part to massive investments and the entrepreneurial workforce that will now have new workspace to innovate, create and grow their businesses. I look forward to its completion and the opportunities it will bring to our community.”
Queens Borough President Melinda Katz said, “The Downtown Jamaica Co-Working and Training Facility will be a boon to the neighborhood by being an incubator of innovation, creativity and entrepreneurship. This facility is becoming a reality thanks to the generous grant provided by Governor Cuomo’s Downtown Revitalization Initiative. This support, combined with the ongoing implementation of our Jamaica NOW Neighborhood Action Plan, will bring us to the forefront of the technological age and will ensure Downtown Jamaica remains competitive for years to come.”
Senator Leroy Comrie said, “Jamaica is rich with entrepreneurial spirit and ingenuity, but there is a need for affordable and modern spaces for budding businesses to flourish. This co-working space will provide a supportive and collaborative environment for folks to exchange ideas as they start and grow their businesses. I thank Governor Cuomo and ESD for committing the capital necessary to turn this idea into reality as well as the GJDC team for facilitating this investment.”
Assemblymember Vivian Cook said, “Jamaica’s economy is growing — but to continue this progress, we must provide affordable, accessible space for entrepreneurs. Thanks to Governor Cuomo’s leadership and critical support from Empire State Development, this new co-working facility will equip Jamaica’s entrepreneurs with the resources they need to succeed.”
City Council Member Rory Lancman said, “Queens is one of the most diverse counties in the country, but our economy has not kept up with our growth, especially when it comes to providing spaces that will attract entrepreneurs, startups, and freelancers. By serving our homegrown small business and bringing new companies into Queens, this co-working space will help revitalize Jamaica’s downtown, grow our economy, and create a stronger Queens for all — and I would like to thank Governor Cuomo for investing in our communities.”
City Council Member I. Daneek Miller said, “Great things are happening in Downtown Jamaica, thanks to a coalition of support between state and city government,” said Councilman I. Daneek Miller. “In the Council, we have supported new affordable housing developments and pushed for equitable transit options to further encourage new development. Today’s groundbreaking is another victory for the area, and we are looking forward to continue working with the Cuomo administration and community partners like Greater Jamaica Development Corporation to grow opportunities for our local businesses and entrepreneurs.”
National Grid’s New York Vice President Melanie Littlejohn said, “We’re excited to be part of the story of the Greater Jamaica Development Corporation’s business incubator to provide new co-working and business training space. Our support will help generate an entrepreneurial, flexible and innovative workplace. We’re dedicated to the redevelopment of business districts and commercial corridors in New York, and through our CleanTech Incubation Program, our investments bring jobs and commercial activity back to the local communities we serve.”