NYC to Invest $3.5M in Fashion Incubator in Brooklyn
City officials today will reveal plans to invest in a new fashion epicenter called the Manufacturing Innovation Hub for Apparel, Textiles & Wearable Tech.
By on December 4, 2014
New York City officials today will reveal plans to invest $3.5 million in a new fashion epicenter called the Manufacturing Innovation Hub for Apparel, Textiles & Wearable Tech.
Designed to drum up local manufacturing, create jobs and support up-and-coming designers, the 160,000-square-foot facility will be housed in the privately run Liberty View Industrial Plaza in Sunset Park, Brooklyn. To bolster research, design, development and manufacturing for New York’s emerging designers and apparel manufacturers, the city, via the New York City Economic Development Corp., will award $3.5 million through its Industrial Modernization Initiative for the development of the space. That investment from the city will support the 110,000 square feet dedicated to job-intensive active manufacturing use. A total of $8 million is available through IMOD, with future allocations to be determined, according to city officials.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)