In April 2012, the DUMBO Improvement District and Brooklyn Tech Triangle partners commissioned an economic impact study of the “Brooklyn Tech Triangle”. Today, the Brooklyn Tech Triangle, a partnership of the Downtown Brooklyn Partnership, the Dumbo Business Improvement District and the Brooklyn Navy Yard unveiled a master strategic plan that detailed proposals on workforce development, real estate incentives and zoning, transportation linkages, and public space creation with the goal of nurturing innovation for NYC.
New York City is a leading tech innovation hub (after Silicon Valley), and the Brooklyn Tech Triangle is taking charge to include a broad public, private, and academic backing to provide an environment, infrastructure, transportation, and workforce development to ensure that the area can accommodate the needs of the new economy. There are five key challenges to which the Brooklyn Tech Triangle Strategic Plan counters with five plan components. The five key challenges are:
- Space: We are running out of appropriate commercial space for tech.
- Workforce: The Tech Triangle could be—but isn’t yet—a new model integrating talent from local communities and universities with high-growth industries.
- Transportation: It needs to be easier to get around the Tech Triangle.
- Dynamic Places: Some parts of the Tech Triangle need an upgraded energy and vibe.
- Tech Infrastructure: The “tech” in Tech Triangle should be apparent to all.