Bloomberg Breaks Ground on Bronx Incubator Space

The Bronx is getting it's first city-sponsored startup incubator. Mayor Michael Bloomberg broke ground on the Sunshine Bronx Business Incubator on Wednesday, which will be able to service 400 entrepreneurs over the next three years. The facility located in the BankNote Building at 890 Garrison Avenue in Hunts Point will follow the model set by the city-sponsored tech incubator at 160 Varick Street, and the media/freelancer space Hive @ 55 in Lower Manhattan.

The Bronx is getting it’s first city-sponsored startup incubator. Mayor Michael Bloomberg broke ground on the Sunshine Bronx Business Incubator on Wednesday, which will be able to service 400 entrepreneurs over the next three years.

The facility located in the BankNote Building at 890 Garrison Avenue in Hunts Point will follow the model set by the city-sponsored tech incubator at 160 Varick Street, and the media/freelancer space Hive @ 55 in Lower Manhattan.

“More than 15,000 new businesses were established in the Bronx in 2008, the most recent period for which there is data, and we’re creating the new Bronx business incubator to build on that momentum,” said Bloomberg in a statement.

The New York City Economic Development Corporation is giving a $250,000 grant to Sunshine Realty Management to help build the the 11,000 square foot space, which will provide about 180 workstations.

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